The company has developed and patented a wave energy converter (WEC), that is low-cost, highly efficient, fully modular and scalable, based on a fully submerged, robust and very simple design that ensures extreme survivability and easy maintenance. The WEC generates hydraulic energy that can produce freshwater by adding a reverse osmosis (RO) or green electricity by adding a hydro turbine.
Most (71%) of the Earth is covered by oceans and seas, the wave power potential is over 2000 GW, which could contribute to decarbonizing the energy system, while also expanding the water supply through “green” desalination and potentially solve water scarcity. This opportunity remains largely underexplored due to remaining technological (lack of commercially viable technologies) and market challenges (lack of capital in niche markets to pay for first movers). With wave energy still in the pre-commercial development stage, the EU setting a target of 337 GW of wave power by 2050 and a direct EU e...
The company has developed and patented a wave energy converter (WEC), that is low-cost, highly efficient, fully modular and scalable, based on a fully submerged, robust and very simple design that ensures extreme survivability and easy maintenance. The WEC generates hydraulic energy that can produce freshwater by adding a reverse osmosis (RO) or green electricity by adding a hydro turbine.
Most (71%) of the Earth is covered by oceans and seas, the wave power potential is over 2000 GW, which could contribute to decarbonizing the energy system, while also expanding the water supply through “green” desalination and potentially solve water scarcity. This opportunity remains largely underexplored due to remaining technological (lack of commercially viable technologies) and market challenges (lack of capital in niche markets to pay for first movers). With wave energy still in the pre-commercial development stage, the EU setting a target of 337 GW of wave power by 2050 and a direct EU economic impact of €100 billion by drought events in the past 30 years, there is a unique opportunity for the blue economy towards the deployment of solutions to address the twin challenges of energy and fresh water shortage. EW aims to exploit this huge unmet need with a breakthrough wave-powered solution. The product consists of two main systems: Wave Energy Converter (WEC) and either a Pelton turbine for Energy production, or a Reverse Osmosis (RO) that in combination produce zero-emission freshwater. By the flap yawing (EW patent claim) into the propagating wave direction, our technology can increase freshwater production (or electricity) by up to 100%. The wave energy market is still in its infancy, to date, there are no wave-powered systems commercially available. Built on our proprietary technology, EW offers a unique value proposition, that will ultimately translate in a competitive LCOE (<50 €/MWh) and LCOW (<0,3 €/m³), with long-term improvement potential for its high scalability, improvements on efficiency and manufacturing, installation, O&M. EW has already established a first Proof of Concept and is currently running two funded demonstration plants. Now, leveraging on a strategic partnership among others with Siemens Gamesa, we aim to proceed to the next level: the demonstration of a modular, MW-scale demonstration plant.
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Hannes Reuter
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Hannes Reuter Partner General manager with strong expertise in renewable energy and business growth