WavEC and OceanPixel sign marine energy MoU

WavEC and Singaporean spin-off company OceanPixel have signed a memorandum of understanding (MoU) to encourage knowledge sharing on marine renewable energy technology and projects, amongst others.

The aim of the agreement is to seek opportunities related to marine energy development in Europe and Southeast Asia.

Michael Abundo, CEO of OceanPixel said: “I am looking forward to the collaboration to support the development of marine renewable energy especially in the context of sustainable energy transitions and the wider Blue Economy for islands and coasts in South East Asia.”

The focus will be on site selection and characterization, technology assessment, environmental monitoring and assessment, farm layout, LCoE assessment and offshore logistics, mooring design and power cable layout, WaVEC said.

“We believe this collaboration will allow us to explore future opportunities in the ocean energy sector in Southeast Asia, sharing our expertise and know-how on marine energy and experience with demonstration projects in Portugal, leveraging on lessons learned,” said António Sarmento, president of the WavEC Board of Directors.