We would like to share the wonderful news that Wavepiston together with DTU – Technical University of Denmark and Aalborg University has received a grant of DKK 15.6 million from the Energy Technology Development and Demonstration Programme, EUDP – Det Energiteknologiske Udviklings- og Demonstrationsprogram.
The grant is for a collaboration project called “Composites, Hybrid testing and Simulations for a disruptive Wave Energy Converter” (COHSI-WEC). The total project budget is DKK 22.4 million.
The purpose of the project is to develop and test a lighter, cheaper, and more robust version of the Wavepiston energy collector. As a result, we expect to reach a competitive cost level right after the finalisation of the project accelerating the commercialisation with our first installation expected in 2026.
“Wave energy technology can potentially become an important additional renewable and fossil free energy source to harvest and utilize the vast energy resources stored in our oceans.” says Christian Berggreen from DTU. “DTU Construct is therefore excited to join this new project and continue the fruitful cooperation with Wavepiston and AAU.”
“The use of flexible bodies to reduce extreme loads is a path that we at AAU look forward to pursuing together with Wavepiston and DTU in this very interesting and challenging project.” – adds Claes Eskilsson from Aalborg University.
“The next generation energy collector is a key part of our development roadmap to reach cost competitiveness. We are thrilled to be working together with AAU and DTU and their highly skilled researchers on this important project.” – says Michael Henriksen, CEO of Wavepiston.