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TPI Composites
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Short description

Developer of large-scale composite structures for wind energy, light-weight transportation, and military applications

Founded in 1968
Founded in

Company type Public Public (TPIC)
Company type

Industry Group materials & chemicals

Sector building materials

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Scottsdale, AZ Scottsdale, United States
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Updated by at on 02/24/2025

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Date Company
08/13/2013

Nordex Nordex

TPI Composites signed a multiyear supply agreement with Nordex SE in Turkey. Nordex intends to use these blades for projects in Turkey as well as for export to other locations in the greater European region, northern Africa and the Middle East

Confirmed by Nordex
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Date Partner Type
09/15/2023
University of Tennessee University of Tennessee
TPI Composites, Inc., (TPI) announced that it has moved to the second phase of development with the University of Tennessee Knoxville (UT) in creation of glass fiber yarns from end-of-life wind blades. The completion of the second phase will create new opportunities for materials reclaimed from decommissioned blades.
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Confirmed by University of Tennessee
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IPO INFORMATION

Date

06/20/2016

IPO status

Listed

IPO Type

IPO

Amount

$69M

Initial shares

6300000

Ticker symbol

TPIC

Exchange listed

NASDAQ

Prospectus URL

Prospectus

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Description

The company reports $1.7 million of net income on $176 million in revenue for Q1 2016, compared to a $5.7 million net loss on around $96.6 million in revenue for the year-earlier period. Shareholders include Element Partners (32.2% pre-IPO stake), Landmark Partners (20.9%), Angeleno Group (18.5%), NGP Energy Technology Partners (14.8%) and GE Ventures (11%).

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Date Investors Type Amount
01/07/2015 (0)
Post-money valuation of
This debt round was disclosed via a regulatory filing. The target round amount is $15M.
 Structured Debt $10,000,000
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