Clean Nordic Power Seeding A Brand In Silicon Valley
Nordic and Estonian cleantech companies showed off their latest innovations in smart grid, biofuels, renewable energy, green building and water management in Silicon Valley last week at Nordic Green II. The event, hosted by research institute SRI International in Menlo Park, attracted over 250 participants but only a fraction were startups.
Eagle Wind Power from Lahti was the only Finnish startup present. Eagle offers an innovative wind turbine technology for households, farms and small companies. Board member Timo Rapakko revealed that the company is negotiating a five million euro funding round in Finland, part of which will go into completing a manufacturing facility. Denmark and Germany are initial target markets.
John Liljelund Of AW-Energy
I talked with John Liljelund, the CEO of AW-Energy in Lahti, Finland a few weeks ago in the Cleantech Venture Forum. He discussed various aspects in how the company was founded and where they are at the moment with their product. Not only is the story behind the company very interesting, but he goes through in detail the different stages of investment the company has received including his own march to become the CEO of the company. AW-Energy develops a product called Waveroller which harnesses energy from the energy of the waves.
AW-Energy Signs 3 Million Euros Contract With The EU Wave Project
AW-Energy, the Finnish wave energy developer we wrote about last week, has signed a €3m contract with the EU (press release). The contract itself includes a €3m grant agreement, which gives significant support to the demonstration project in the Portuguese waters.
AW-Energy Launching Pilot Wave Project in Portugal
AW-Energy, the Finnish wave energy developer, is launching its pilot project in Peniche (Portugal) in October this year. The goal of the project is to demonstrate its Wave Roller technology on a significant scale, including the manufacture and deployment of the first grid connected 300 kW WaveRoller unit. The deployment, which has a one year test period, is scheduled for the summer of 2011.
"The key difference between the demonstration unit and commercial scale unit is the nominal capacity. The demo focuses on validating our results from the prototype testing, CFD simulations and tank testing." explains John Liljelund, the new CEO of AW-Energy. "After the demon
