The European Commission’s research and innovation programme Horizon 2020 has granted EUR 17M in funding for the Clean Energy From Ocean Waves (CEFOW) research project that is co-ordinated by Fortum. The mission of the five-year project is to research and develop the use of the Penguin wave energy converter, developed by the Finnish company Wello, in electricity grid connected ocean conditions. The multi-device test project will be carried out at Wave Hub, the wave power-focussed test centre located in Cornwall, Great Britain, where Fortum has a leased sea area.
Photo courtesy of Fortum Oyj
In the project, Finnish wave power technology is being developed and operated in collaboration with British and Swedish experts. The EU has granted EUR 17M of the project’s total budget of EUR 24.5M. In addition to Fortum, the joint project consists of Wello, Mojo Maritime, Wave Hub, Green Marine (UK), Uppsala University, Plymouth University and the University of Exeter.
“Wave power may play an important role in the future as an emissions-free energy production form, and that is why Fortum is participating in the research and development efforts. By this project we are expecting to increase our capabilities and skills in the field of wave power”, says Heli Antila, CTO at Fortum.