Wave energy.
A highly concentrated energy resource with five times higher energy density than wind and at least ten times the power density of solar energy.
Wave energy.
The opportunity.
Global opportunity
Annual CO2 avoidance potential
Share of global electricity demand.
Clean electricity for 500 million homes
“The consistent power profile makes wave energy uniquely valuable by providing power also at times of low wind and solar production.”
— Kevin Rebenius – Commercial Director
Consistent power profile.
24/7 carbon free electricity.
The biggest challenge for the world to transition to carbon free electricity is to ensure there is clean electricity available 24/7, each day of the year.
With its consistent and complementary production profile, wave energy helps plug the voids of wind and solar and brings stability to a future powered entirely by renewables.
By taking on this critical role of providing stability, one that oil, gas and coal have played in the past, wave energy can make a major contribution to address climate change – and to help end our dependency on fossil fuels.
The biggest battery on earth.
Zero-carbon electricity and Green hydrogen.
Wave energy enables carbon free system that balance to supply to demand at all times while requiring less generation capacity, less storage and less grid capacity. Balancing the system already at the stage of generation lowers the total cost of zero carbon electricity.
Supplying a more stable mix of renewable electricity can significantly improve the business case of green hydrogen. By reducing the variability, wave energy can enable electrolyze facilities to run at higher load factors, while requiring less generation capacity and less grid to power them. It can also reduce the H2 storage capacity required to keep continuous down-stream production.
Building a new industry.
Creating sustainable jobs.
