AW-Energy
Company

Last deal

$11.1M
Local Amount - EUR 10M

Amount

Undisclosed

Stage

18.07.2016

Date

3

all rounds

$30.5M

Total amount

General

About Company
AW-Energy converts ocean waves to electricity with its fully submerged WaveRoller converter.

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Also Known As

AWE

founded date

01.01.2002

Number of employees

Company Type

For Profit

Last funding type

Undisclosed

IPO status

Private

Description

AW-Energy is a developer of ocean wave energy technology that uses the back-and-forth movement of water to generate electricity via its WaveRoller technology. The technology is scalable and adaptable, with multiple devices able to be combined into an array, and individual units able to be added to the farm as required. The company has been developing its technology since 1999, with successful laboratory and wave-tank tests and open sea trials, and is set to deploy a new demonstration farm in Portugal in 2012. The technology provides a complementary energy solution to other forms of renewable power, with minimal impact on the environment and marine life.
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