Wärtsilä and Finland-based AW-Energy have signed a global co-operation agreement covering sales and delivery of WaveRoller, a wave energy technology developed by AW-Energy, on a turn-key basis across the life-cycle.
The co-operation is based on AW-Energy's patented and certified technology and Wärtsilä Energy Solutions' global project execution, services and integration capabilities.
Wave Power
Ocean energy is the largest untapped renewable energy source with a potential for hundreds of GWs generation capacity. In addition to the vast resource potential, ocean waves and sea states can be accurately predicted up to days in advance, making it the long awaited addition in the next generation energy mix. Thus, the emerging wave power technology has all the pre-requisites to take an equally sizable and important role with solar and wind in the future.
The technology is now at a stage where commercially operating pilot installations can be delivered to customers interested in wave power and the complementary capabilities of both companies pave the way for WaveRoller in commercial roll-out.
Project Deliveries
The co-operation under the signed agreement will primarily focus on project deliveries. In addition, there is a significant potential for further co-operation between the companies also in other fronts such as technology and life-cycle services. This cooperation announcement comes a few months after Wärtsilä announced it would support the development of the latest WaveRoller wave energy converter.
