AW-Energy signs wave tech contract with EU

By Admin
AW-Energy has signed a $4.4 million contract with the European Union to demonstrate its ocean energy innovation. The Finland-based company is developing...

AW-Energy has signed a $4.4 million contract with the European Union to demonstrate its ocean energy innovation. The Finland-based company is developing a unique and patented wave power technology called WaveRoller.
The contract is the first of its kind under the EU's "CALL FP7 - Demonstration of the Innovative Full Size Systems" project, and provides funding to the new project. The overall goal is to manufacture and install the first grid-connected WaveRoller unit off the coast of Peniche, Portugal, which is known for high wave activity. The total capacity would be 300kW with a one-year testing period, AW-Energy reports.
The project is being led by AW-Energy and involves several European companies including Bosch-Rexroth, ABB, Eneolica and the Wave Energy Center organization. With approval for a site and grid connection and installation, the consortium will bring its skills to the project's demonstration phase.
 

Share
Share

Featured Articles

UK Government awards £54mn in heat network funding

Funding will support the development of schemes in London, Bedfordshire and Woking that use low-carbon heat sources

Shell posts $11.5bn second quarter profit

Shell's earnings fuelled by ongoing price rises and geopolitical instability as the energy major places greater focus on natural gas investments

bp opens first electric truck fast-charging facilities

Operated by bp’s Aral brand, the retail site at Schwegenheim in Rheinland-Pfalz has two 300kw chargers intended for electric trucks

Shell commits to developing Jackdaw gas field in North Sea

Oil & Gas

Prospex Energy raises £1.87m for Selva gas field development

Oil & Gas

Shanghai Electric Group launches low carbon business

Utilities