MendoCoastCurrent, October 2, 2009
AW-Energy, a Finnish renewable energy company developer of WaveRoller, a patented wave energy technology, has signed a $4.4M (3 million euros) contract with the European Union to demonstrate its technology.
The contract between AW-Energy and the EU is the first one under the “CALL FP7 – Demonstration of the innovative full size systems.” Several leading wave energy companies competed in the CALL. The contract includes a 3 million euro or $4.4M US grant agreement, providing financial backing for the demonstration project.
The project goal is to manufacture and deploy the first grid-connected WaveRoller unit in Portuguese waters. The exact installation site is located near the town of Peniche, which is famous for its strong waves and known as “Capital of the waves.” The nominal capacity of the WaveRoller is 300 kW and the project will be testing for one year.
The ‘Dream Team’ consortium is led by AW-Energy and includes companies from Finland, Portugal, Germany and Belgium. Large industrial participants include Bosch-Rexroth and ABB, together with renewable energy operator Eneolica and wave energy specialist Wave Energy Center, supporting with their experience to ensure successful implementation of the project.
“The experience of our dream team consortium is a significant asset to the project, and we are thrilled about this real pan-European co-operation. AW-Energy has been working hard the last three years with two sea installed prototypes, tank testing and CFD (Computational Fluid Dynamics) simulations. Now we have the site, grid connection permission, installation license and the technology ready for the demonstration phase,” says John Liljelund, CEO at AW-Energy.