Wavepiston system harnesses wave energy to produce clean electricity and water
Business overview
Location | Helsingør, Denmark |
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Social media | |
Website | www.wavepiston.dk |
Sectors | Energy Non-Digital B2B |
Company number | 35680829 |
Incorporation date | 5 Mar 2014 |
Investment summary
Business highlights
- Full-scale demonstration ongoing in Gran Canaria
- Agreements in place for commercial pilots
- €15.6M funding secured to date
- Production of clean energy and desalinated water
Pitch
About the Campaign
Wavepiston aims to raise up to €1.5 million in 2024 to further demonstrate and commercialise its revolutionary wave energy technology. The investment raised in this round will be be used to:
· Demonstrate time-series of data from the full-scale system
· Continue technology development
· Develop commercial pilot wave farms.
By achieving the above, we plan to establish strategic partnerships in 2025 with investor(s) and partners with a broad industry network and scaling experience from the offshore/renewables industry.
Business Model
Wavepiston's revenue comes from delivering turn-key wave energy farms for wave-to-energy and wave-to-desalination applications. Revenue streams will include installed capacity, monitoring and the supply of spare-parts during operation and maintenance activities.
Wavepiston’s initial focus is on islands and remote coastal communities.
Beyond this, Wavepiston will look to expand to utility scale installations when the company matures, with a view to achieving sustainable growth.
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