Finland - AW-Energy Seeking Growth Capital to Deliver its First Scheduled Commercial Wave Energy Projects
AW-Energy Oy (AWE), the Finnish wave energy technology company, is using corporate finance advisory firm Fredericks Michael & Co. in New York to identify and approach potential strategic partners and investors for additional growth capital needs in support of the commercial WaveRoller® deliveries scheduled in 2021.
With projects in the U.S., Europe and Asia, AWE expects to see rapid growth for its technology ahead of next year’s global UN climate talks.
WaveRoller technology has been developed over several years with a robust capital stimulus and dynamic team allowing for more technology and system advances than most other companies in its sector. It has been able to reach demonstrable milestones with the advanced in-house engineering and technology-based expertise.
Today, it represents much more than a pure start-up, with technology that is tested and proven as a near-shore wave energy converter (WEC). It is mounted to the seabed with a panel that oscillates with the wave surge to derive energy from the ocean – a sustainable way to develop grid-compatible power in many locations around the world.