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Wavestar obtains €20 million public funding from H2020 EU program

Wavestar has formed an industrial consortium with the purpose to produce the first full-scale 1 MW Wavestar WEC to be tested commercially. The consortium behind the EU application consists among others of STX, IFP EN, DNV and Aalborg, Gent and Cantabria Universities.

Company
Wavestar
Transaction
Capital raising
Sector
Industry
Activity
Wave energy machines
Date
Country
Denmark

Wavestar is a danish company developing a wave energy device that converts the rising and falling movement of the floats to produce electrcity. The company is financially backed by the Clausen Family from Danfoss.

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