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Wave Scale

Bringing wave power to a cost competitive level and commercial scale

Total Cost €

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EC-Contrib. €

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Partnership

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 Wave Scale project word cloud

Explore the words cloud of the Wave Scale project. It provides you a very rough idea of what is the project "Wave Scale" about.

alerting    designed    intent    massive    12    operate    additional    standard    plan    tough    model    eco    insignificantly    installed    company    device    withstand    ppa    wec    1mw    fund    roll    nearshore    ocean    parties    business    located    license    size    innovative    either    environments    installation    grid    promises    operation    waves    50mw    failures    incorporates    suffered    industry    shore    gibraltar    expectations    accordance    capture    electricity    offers    easily    world    ewp    kw    full    initially    installations    regional    units    unable    profile    pistons    recognizes    energy    modular    2016    spvs    positioned    place    floaters    selling    event    performing    power    longer    convertor    storms    ultimately    submerse    sell    customers    onshore    entirely    lcoe    parts    eur90    market    envisages    automatically    exploited    wave    rolled    ranging    land    letters    water    government    protection   

Project "Wave Scale" data sheet

The following table provides information about the project.

Coordinator
ECO WAVE POWER LTD 

Organization address
address: 16 HOMA U'MIGDAL ST.
city: TEL AVIV
postcode: 6777116
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Israel [IL]
 Project website https://www.ecowavepower.com/gibraltar/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-05-01   to  2019-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ECO WAVE POWER LTD IL (TEL AVIV) coordinator 50˙000.00

Map

 Project objective

Wave energy offers massive potential but has yet to be exploited and rolled out at scale. The wave power industry has suffered high-profile failures since many devices were unable to withstand the tough ocean environments. Eco Wave Power has developed an innovative Wave Energy Convertor (WEC), designed to operate nearshore or effectively onshore: most of the system is located on land with only floaters and pistons positioned in the water. And it is designed to capture the type and size of waves which are typical at the shore. The unique design results insignificantly reduced costs for installation and operation. And most of the parts are standard equipment which is easily available. The WEC promises to deliver electricity at a LCOE of between €50 and €EUR90, when operating at scale. The device is entirely modular and will ultimately be produced in units of 1MW. It incorporates innovative protection methods which are deployed in the event of storms: the WEC automatically recognizes the particular wave type, alerting the system to either raise the floaters above the water level or submerse them for protection. EWP installed a 100 kW EWP system (1:10 scale) in Gibraltar, in 2016 through an EU Regional Development Fund project. It is performing in accordance with expectations and is already selling energy to the Gibraltar grid. Eco Wave Power aims to scale the device to 1MW and has a PPA agreement in place with the Gibraltar Government to deliver the power generated in the future. The company has letters of intent from a further 12 customers, in Europe and across the world, for additional installations, ranging from 1MW to 50MW. Eco Wave Power aims to roll out through SPVs and a ‘Build-Own-Operate’ model initially – and to sell its WEC directly, or through license to third parties, in the longer term. EWP aims to develop its business plan to go to market through the Phase 1 project and envisages a further Phase 2 project to take its technology to full scale.

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The information about "WAVE SCALE" are provided by the European Opendata Portal: CORDIS opendata.

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