The company is participating in three wave energy demo projects, one of which is based in France and features AW Energy’s WaveRoller technology.
Fortum will be responsible for project development and will be the owner of the demonstration park, while DCNS will manage the site development and construction work.
A second project is a full-scale wave power plant backed by an investment grant awarded by the Swedish Energy Agency to Fortum and Swedish wave energy converter manufacturer Seabased.
The first phase of construction work will be grid-connected in summer in Smögen, Sotenäs, western Sweden.
Fortum has also signed a leasing agreement with Wave Hub in the UK to test wave power solutions off the coast of Cornwall.
The device Fortum is planning to be deploy at the site is the Penguin owned by Finnish company Wello.
Fortum brings a huge amount of expertise and experience to the table and their involvement is clearly indicative of sector’s continual march towards commercialisation.
We believe that this industry can only become successful by through co-operation. “Ocean Energy Europe was for us a natural choice by offering us an active link between wave power industry, research organisations and EU institutions.