The two companies will collaborate on bringing prototype wave power devices to readiness for full-scale commercial wave power farms. The agreement also lists further development of Wavebob’s technology and scaling it up to commercial size.
There is also a common understanding between the two companies to broaden and deepen the co-operation to jointly study site selection methodology and develop a large demonstration project of around 250MW capacity.
Lars Josefsson, president and CEO of Vattenfall, said: Both parties welcome further partners to join the project. This is another important step both as a tool to combat climate change and to develop truly sustainable energy solutions for the future. We have set up a target to reduce our own CO2 emissions by 50% by 2030.
