Saturday 25 February 2012

Kingspan Has Acquired Proven Energy Who Became Short Of Cash

Kingspan Has Acquired Proven Energy Who Became Short Of Cash



Kingspan the company renowned for there insulation and energy saving products acquired the assets of Proven Energy UK the manufacture of wind turbine equipment. The company get into trouble when their popular P35-2 model had blade issues in the US and Europe with many recalls costing the company dearly. Employing 20+ people at its Scottish plant the jobs were safe guarded by the purchase by Kingspan on the 7 October 2011.

Proven Energy's website is still running but the the livery of Kingspan and mention that the site will be up and running again soon. With many wind turbine installers familiar with the Proven Energy range of wind turbines it is a guessing game what future equipment Kingspan will release in the future. Kingspan is a very well respected brand and it is undoubted they will spend a lot of time and money on Research and development  before releasing any new products. This was the problem with Proven energy and ultimately the closure of the casket lid.

The KW3 and KW6 are the main models which Kingspan are pushing out on the market which were existing Proven Energy Models.

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