Swedish wave energy converter company CorPower Ocean AB has been awarded a US$4.4 million grant by the European Commission to help fund development of its WaveBoost technology.
The funding will support a three-year program that will target improvements in WaveBoost’s reliability and performance through a combination of pneumatic components and control technologies.
“We are delighted to receive this major funding award,” CorPower Ocean CEO Patrik Moller said. “This program will help increase Europe’s competitiveness in the race to harvest energy from our oceans.”
WaveBoost is intended to help improve the production capabilities of CorPower Ocean’s WaveSpring generating units, which use buoys to convert wave motions into power.
The project represents a multinational collaboration, with partners including Energias de Portugal (EDP), the European Marine Energy Centre (EMEC), WavEC Offshore Renewables, the SP Technical Research Institute, PMC Cylinders, the University of Edinburgh and GS-Hydro.
“The aim of WaveBoost is to instigate a step-change improvement in the reliability and performance of wave energy drive trains,” EMEC commercial director Oliver Wragg said. “The outcomes from this project could benefit the entire sector. EMEC will be carrying out performance testing and will provide a statement of performance to validate the results.”
The company said testing is expected to begin at EMEC in the first half of next year, following dry testing that is currently being conducted at in Sweden.
CorPower Ocean has also announced the addition of industry veteran and former Minesto CEO Anders Jansson as its new commercial director.
For more marine hydrokinetic news, visit here.