Exowave and Semco Maritime form strategic partnership for wave energy
Danish wave energy start-up Exowave has teamed up with international offshore energy services provider Semco Maritime to build the future wave energy sector’s value chain.
The partnership will see Semco Maritime providing manufacturing and offshore expertise to Exowave, for the roll out of its wave energy conversion technology in the North Sea at first, and on an international scale moving forward.
Wave energy is seeing a substantial growth over the past years with increasing support from governments. The EU alone has set ambitious targets of 1GW of ocean energy installations by 2030 and 40GW by 2050.
As such it is key to create a robust and reliable sector value chain, which will be able to deliver on such targets, according to the partners.
The partnership will also support the further expansion of Semco Maritime into the growing renewable sector, which took its first bold step into the growing wave energy sector together with Exowave.
Gabriele Rampinelli, managing director at Exowave, said: “Semco Maritime is already our partner for the 100KW demonstration plant to be realized in 2023 in the North Sea, a project also supported by Danish EUDP with over DKK 14 million (€1.9 million). We are very pleased that this partnership now also extends beyond this demonstration plant with the aim to provide a substantial contribution to the energy transition”.
Claus Eilersen, director of projects for Semco Maritime, added: “The partnership with Exowave well aligns with our strategy of taking part in the fast-growing transition to renewable energy. As a large engineering and contracting company, we are pleased to cooperate with startups and support their R&D work within new energy sources”.
The Exowave wave energy technology is based on the oscillating wave surge converter that extracts the kinetic energy from the ocean waves through bottom-hinged flaps.
The technology can be coupled with complementary market solutions to produce green electricity, cooling of data centers, fresh water for households, agricultural and industry use.
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