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Opendata, web and dolomites

Wave Scale

Bringing wave power to a cost competitive level and commercial scale

Total Cost €

EC-Contrib. €

Partnership

Views

Outcomes and
results

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.

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

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 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.	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.