Search results for: wello

70057 results

A list of search results

  • 8 February 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Finnish wave energy developer Wello has signed a deal with Chinese conglomerate CIMC OEI to develop wave energy projects in China.

  • 9 February 2018
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    The Finnish wave energy technology provider Wello has signed a contract with the Chinese conglomerate CIMC OEI. This contract paves Wello’s way to the Chinese energy market and enables Wello to reach a most competitive position in renewable energy technology markets worldwide, the company said. The co-operation begins with a joint research phase for defining […]

  • 30 January 2012

    Wello Ltd., developer of direct wave energy conversion device, announced the appointment of Mr. Aki Luukkainen as the CEO of Wello Ltd. Wello has operations in Finland and Scotland. Aki Luukkainen has an 18-year track record in executive management, corporate development and sales and marketing roles in the international markets. He has previously held executive […]

  • 1 September 2014

    Fortum has acquired a minority share of 13.6 per cent in the Finnish wave energy developer Wello Oy. The Penguin wave energy converter solution, developed by Wello, is based on a floating vessel that captures the kinetic energy of waves and converts it into electrical power with a generator. The advantage of the floating vessel […]

  • 15 February 2018
    Business & Finance, Technology

    The crowdfunding round launched by the wave energy technology developer Wello through Invesdor is now closed, with the company raising €1,962,558 – just a little below its maximum target of €2 million. 

  • 20 July 2016
    Business & Finance, Research & Development, Technology

    Finnish wave energy developer Wello has teamed up with Korean company BSR to establish a wave energy demonstration project in Korea.

  • 24 June 2015
    Operations & Maintenance, Research & Development, Technology

    Wello, a Finnish wave energy player, has developed the Penguin wave energy device that produces power by riding the waves. Wello has based their wave energy technology by re-purposing existing technologies from wind energy sector. Wello’s Penguin converts waves to electricity directly with continuous rotational movement. Its patented key invention is to convert wave movement […]

  • 20 May 2015
    Authorities & Government

    Wello, a Finnish wave energy developer, has become a member of Ocean Energy Europe. Wello has developed a Penguin wave energy converter that was recently boosted with EUR 17 mln from European Commison’s Horizon 2020 innovation programme. The funding is aimed at advancing the use of Penguin wave energy converter in electricity grid-connected ocean conditions. […]

  • 28 December 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Gapura Energi Utama (GEU), an Indonesian infrastructure construction company, has placed an order to Finnish wave energy company Wello to supply it with a 10MW wave energy park equipped with Penguin devices.

  • 11 April 2019
    Authorities & Government, Research & Development, Technology

    Finnish technology company focused on ocean-wave energy conversion, Wello, has signed a letter of intent with Inix Group for two projects of 30MW total offshore India. In partnership with the Indian government, Ixin, part of Ixar Group, is looking to acquire Wello’s Penguin Core package for the construction of 20MW and 10MW wave energy parks. […]

  • 30 January 2012

    Wello Ltd., developer of direct wave energy conversion device, announced the appointment of Mr. Aki Luukkainen as the CEO of Wello Ltd. Wello has operations in Finland and Scotland. Aki Luukkainen has an 18-year track record in executive management, corporate development and sales and marketing roles in the international markets. He has previously held executive […]

  • 4 February 2016
    Business & Finance

    Finnish wave energy developer Wello has appointed new Chief Executive Officer (CEO). The news comes following the resignation of Aki Luukkainen from the CEO position after 4 years of service for Wello. Luukkainen is also leaving the company, Wello informed. The Board of Wello has appointed Heikki Paakkinen, the founder of the company, as new […]

  • 30 October 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Finnish wave energy developer Wello has informed that its Penguin wave energy device survived several major storm waves of up to 13 meters during the ongoing trials taking place off Scotland.

  • 29 April 2015
    Environment, Research & Development

    Finnish wave energy developer Wello Oy is extending its testing programme at the European Marine Energy Centre (EMEC) in Orkney having signed a one year extension to their original contract. Their 1MW Penguin wave energy converter has been undergoing testing in Orkney since June 2011, and was first deployed at EMEC’s grid-connected wave test site […]

  • 10 August 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    The second version of the Penguin wave energy converter – developed by Finnish company Wello – is said to have reached 110% increase in power production as it gears up to join its ‘younger sibling’ deployed off Scotland.

  • 29 December 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Finland-based developer Wello has launched an equity crowdfunding campaign to support its growing wave energy ambitions.

  • 25 July 2019
    Operations & Maintenance, Research & Development, Technology

    Wello’s Penguin wave energy converter – WEC2 has arrived in Orkney, Scotland where it awaits deployment. The WEC2 arrived from Tallinn shipyard to Orkney, where it will be installed by the coast. The Penguin WEC2 is Wello’s first full-scale commercially ready wave energy converter. Wello has previously tested it’s prototype the Penguin WEC1 at Orkney […]

  • 3 February 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Penguin wave energy device has reached Orkney ahead of scheduled deployment at the European Marine Energy Centre (EMEC).

  • 12 March 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Wello’s Penguin wave energy device has marked its one-year anniversary of continuous deployment in Orkney, Scotland.

  • 21 May 2012
    Business & Finance, Research & Development

    Finnish renewable technology developer, Wello Ltd, recently announced that it has started Series B funding. Power Fund II and Finnvera Venture Capital have agreed on 3 Million euros funding package as part of the Series B funding. Discussions with additional investors to close further funding have also been initiated. Wello is planning to use this […]

  • 1 September 2014

    Fortum has acquired a minority share of 13.6 per cent in the Finnish wave energy developer Wello Oy. The Penguin wave energy converter solution, developed by Wello, is based on a floating vessel that captures the kinetic energy of waves and converts it into electrical power with a generator. The advantage of the floating vessel […]

  • 1 March 2012
    Technology

      Finnish renewable technology developer, Wello Ltd, announced yesterday its Penguin wave energy converter is ready for full-scale deployment at the European Marine Energy Centre (EMEC) in Orkney, following successful testing. Wello’s 0.5 MW Penguin device, which produces sustainable power through wave energy conversion, has been granted permission for full-scale deployment by Marine Scotland after […]