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
