EU Horizon 2020 Programme Grants Funding for CEFOW

The European Commission’s research and innovation programme Horizon 2020 has granted EUR 17 million in funding for the Clean Energy From Ocean Waves (CEFOW) research project that is coordinated 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.

In the project, Finnish wave power technology is being developed and operated in collaboration with British and Swedish experts. The EU has granted EUR 17 million of the project’s total budget of EUR 24.5 million. In addition to Fortum, the joint project consists of Wello Ltd, Mojo Maritime Ltd, Wave Hub Limited, Green Marine (UK) Ltd, 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. We believe that the funding from the European Commission and the experienced collaboration partners create excellent conditions for making great strides forward in commercializing Wello’s wave power technology,” says Heli Antila, Chief Technology Officer at Fortum. “On a global scale, this project is at the vanguard of wave power research,” Antila goes on to say.

Share this article

Follow Subsea World News

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

9th Annual Submarine Power Cable and Interconnection Forum

This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across…

read more >

The 24th Annual PNEC Conference & Exhibition

The 24th annual PNEC Conference and Exhibition  will bring together the industry thought leaders and technology providers that enable the management…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >