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Looking for Investment: Wave Energy Station

Proposal Number : 1059619       Find investors
Date Date of Registration : May 19, 2005
Date of Revision : Oct 15, 2019
Country / AreaRussian Federation 
Proposal Category 8500 Energy-saving technologies
2901 Electric generators/motors and parts of such
4300 Electricity, gas, heating, and water industries
Target Country / Area All Countries / Areas



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Detail Description

Looking for Investment: Wave Energy Station

The project concerns the development of Float Wave Electric Power Station (FWEPS) as an installation for sea wave energy conversion to electricity with high productivity, efficiency and operation performance, applicable to meet a power requirement in different areas of the Earth; production and sale of single and multimodule FWEPS as well as electricity produced.
Depending on mission it is possible to develop both a single modular FWEPS for output power from units of watts up to 50 kW and multi-modular installation in a grid form of total capacity up to dozens of megawatts.

A single modular device can be a power source for the sea-going ships, light and radio beacons, as well as for meteorological, navigation and communication systems, equipment for emergency and individual life support, etc.

Multi-modular installations can be used for power supply of coastal and island settlements; for setting up the ecologically benign sea and coast based processing plants, including exploitation of sea rigs of stripped oil wells; for a large scale electrolysis production of hydrogen and oxygen, thus stimulate the formation of ecologically safe hydrogen power engineering.

One of the main advantages of the FWEPS system is oscillatory property of the device which can be matched with outer wave space, thus giving the most effective mode for energy taking-off.

Current stage: Development - construction of full scaled 1-10 kW FWEPS pilot module as a high efficient and cost-effective wave energy converter.

Investment Amount US$ 5,000,000
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