Ingine Wave Energy Systems Ltd. (Iwes)

IWES (INGINE Wave Energy Systems ltd) was established on September 2016 in Scotland (at Forss energy park in Caithness). Main product is onshore-type Wave Energy Converter (WEC) called INWave which is suitable for shoreline and remote islands. IWES's business goal is to offer the world's first affordable wave energy converter, with a Simple, Scalable & Sustainable technology. The technology has been proven feasible already at prototype demonstration level in a South Korean coast, Jeju island since 2015 by INGINE Inc, the parent company of IWES. IWES joined the GEP Programme in 2017 while IWES secured Seal of Excellence award by European Commission, scoring high-quality innovative ocean energy systems potentially to deploy across all over the Atlantic Ocean coasts. IWES' INWave technology provides an innovative solution of generating power which, compared with other offshore-based, capital-intensive and time-consuming wave projects, provides the unique approach of: (i) deploying power generation device and related electric equipment onshore, (ii) harvesting wave energy from the shallow nearshore water, and (iii) using the whole range of wave movements. It can be easily installed on land (e. g. , breakwater barriers etc. ), thereby ensuring durability, safety and affordability. This reduces costs and time, enabling sustainable supply for the smaller scale local market needs. With the proper technological development and project deployment, for your reference, Wave energy is the type of ocean energy with the highest deployment potential in EU waters (30 times higher than Tidal), whose estimated maximum potential in the EU-27 is up to 16 GW by 2030. In the longer term, IWES ambition is to deploy totally 5 GW throughout the world by 2050, starting from Scottish isles to the Atlantic Ocean coasts of Europe and Africa. IWES based in United Kingdom, is developing business projects in Vietnam, Indonesia, Nigeria, Morocco and France at the moment.
Social Link - Linkedin: http://www. linkedin.com/company /ingine-wave-energy-systems-ltd-iwes
Employee Count: 1
Keywords: hardware