Exowave partners up with turbine technology supplier

Danish clean energy start-up Exowave has signed cooperation agreement with Gugler Water Turbines for a wave energy project planned for Danish North Sea.

The partnership will see Gugler Water Turbines taking part in the ongoing EUDP project by Exowave ‘250 MW wave power in the Danish North Sea by 2030 – phase 1’ as key provider for the pelton hydro turbine, including generator and electrical equipment.

The agreement will then extend to future projects, in the North Sea at first and on an international scale moving forward, according to Exowave.

Lars Wigant, managing director at Exowave, said: “During more than 100 years of history, Gugler has delivered an impressive number of technologies, with a keen eye for continuous innovation, as demonstrated also in their interest in wanting to move into the wave power sector, which is a completely new territory for water turbines developers.

“Gugler vision and mission also well aligns with ours and we are confident Exowave will strongly benefit by a closer relationship with such an experienced player.”

Alois Gugler, CEO of Gugler Water Turbines, added: “For us it is key to establish long-term partnerships that can push our business to constantly innovate and renew itself, to guarantee its constant success. We have been observing the growing wave power sector for some time and we believe to have found in Exowave a very good match to further develop our technology.”

Wave energy is seeing a substantial growth over the past years with increasing support from governments. The EU alone has set very 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.

The strategic partnership between Gugler and Exowave will support meeting the above ambitious targets, combining a renowned turbine technology provider with one of the leading wave energy developers.

To remind, Exowave deployed the scale model of its wave energy device at the Blue Accelerator test platform, located just off the Port of Ostend in Belgium back in September 2022.

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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