AW-Energy gets EU funds for 1-MW wave energy device development
Illustration of MegaRoller device. Source: AW-Energy Oy
Finnish wave energy firm AW-Energy Oy said today it has secured EU funding for the development of a 1-MW device.
The project, dubbed MegaRoller, will see the company cooperate with partners from Portugal, Finland, Germany and Norway to develop a power take-off unit (PTO) for a 1-MW device.
The initiative has secured EUR 5 million (USD 6.1m) from the EU Horizon2020 research and Innovation programme. It will start in the beginning of May 2018 and run for three years. The 1-MW PTO will be designed, built and tested at the research centre of AW-Energy in Finland.
The project is coordinated by Hydroll and the partners also include ABB Finland, Cruz Atcheson, WavEC, Hydman, SINTEF, VTT, the University of Bergen and the Leibniz Institute for Neurobiology.
AW-Energy chief technology officer Jussi Akerberg said the company is mobilising technology from other engineering sectors and expects that developments in machine learning and IoT will help it reach its goal of reducing the price of energy.
AW-Energy's flagship product is called WaveRoller and is rated at between 350 kW and 1,000 kW for a unit of one panel and PTO combination.