MagDrive LLC won second-place overall at the University of San Francisco International Business Plan Competition on March 6, 2009, bested 90 applicants from as far away as Sweden and Hong Kong. In addition to second-place finish, MagDrive won first place in the CleanTech track and was awarded a $2,000 prize. MagDrive is also now in several follow-up conversations with Bay Area venture capitalists.

According to the American Wind Energy Association, MagDrive LLC will have a $1 billion revenue opportunity in 2013. Using their patented and published technology, MagDrive LLC’s components can make existing small wind turbine systems easier and cheaper to manufacture while increasing reliability and boosting energy efficiency by 50 to 70%.