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WaveRoller is an oscillating wave surge converter that produces consistent renewable energy from ocean waves.
01.
Identification
The technology is a submerged oscillating wave surge converter that produces consistent renewable energy from ocean waves. The unit consists of three main subsystems; Panel, Power Take-Off and Foundation. As Panel moves in sea, it absorbs energy from waves. Panel is connected to mechanical drivetrain which results in hydraulic fluids being pumped inside a closed hydraulic circuit. All the elements of the hydraulic circuit are enclosed inside a hermetic structure inside the device and are not exposed to the marine environment. The high-pressure fluids are fed into a power storage and smoothing system, which connects to a hydraulic motor that drives an electricity generator. The electrical output from this renewable wave energy power plant is then connected to the electric grid via a subsea cable and landside substation. The devices’ foundation is floating concrete barge which will be towed with a tug boat from harbour to installation site
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Label Date
April 4, 2022
From
Finland
Maturity stage
Prototype testing in the real world
Looking For
New clients, Visibility, Funding, Partners
02.
The environmental benefits
- • A single WaveRoller unit (one panel and PTO combination) is rated at between 350kW and 1000kW
- •WaveRoller can support grid stability through fast frequency response (2s-10s)
- •Life-cycle carbon intensity of the WaveRoller is 33 gCO2/kWh (around 30% lower than solar PV)
- •Carbon intensity of power generation can be up to 85% lower than existing levels
03.
The Financial benefits
- •Current LCOE in the range of 100-150 EUR/MWh, with further reductions possible as deployments increase
- •Wave energy allows production of renewable electricity using a stable resource freely available to many countries
- •Offsets reliance on carbon-based generation, so no ongoing costs for fuel (e.g. coal, oil, gas) purchases to generate electricity
04.
Activity Region
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Asia
Africa
North america
Australia
- Headquarters
- Activity
05.
Company Profile
AW-Energy Ltd
AW-Energy's product the WaveRoller®, is a submerged wave energy converter.
View company profile Solution website
Headquarters
01380 Vantaa, Finlande
06.
Networking Partner
EuroQuity
EuroQuity is the web service created by Bpifrance in partnership with KfW to put growth companies in contact with development partners and with investors in particular.
View partner profile
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator AW-Energy Ltd has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.