WaveRoller gets Lloyd’s Register backing
- Business & Finance
WaveRoller wave energy device, developed by Finnish-based AW Energy, has been endorsed by Lloyd’s Register Energy.
Lloyd’s Register Energy issued a Statement of Feasibility to WaveRoller technology as a first step in the certification process.
The certification process comprises a staged, risk-based approach towards a full Technology Certificate.
The Statement of Feasibility was issued following technology assessment affirming that Lloyd’s Register Energy recognizes the new technology to be conceptually feasible.
The aim of the certification of WaveRoller is to provide a valuable independent review of all stages of the work with the 350 kW WaveRoller commercial device.
The certification ensures that risks are identified and mitigated through the entire project life cycle, and that WaveRoller technology is in accordance with the industry standards. It will also optimise project financing and insurance cover on a commercial basis, AW Energy’s press release reads.
Christopher Ridgewell, CTO of AW Energy said: “This was perhaps more challenging than we’d appreciated at the beginning of the process. Lloyd’s Register Energy’s engineers certainly demonstrated their experience by challenging our solutions in many ways, but we now feel we’re in a very good condition to proceed with the work. It’s been a valuable learning process for us.”
WaveRoller wave energy device works when the back and forth movement of water driven by wave surge puts the panel into motion, which triggers the hydraulic piston, attached to the panel, to pump the hydraulic fluids inside a closed hydraulic circuit. The high-pressure fluids are fed into a hydraulic motor that drives an electricity generator, producing electricity, which is then fed to the grid via subsea cable.
Lloyd’s Register is a global engineering, technical and business services organisation wholly owned by the Lloyd’s Register Foundation, that offers compliance, risk and technical consultancy services.
Image: AW Energy