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Laminaria raises €2M from QBIC II, PMV and CEIP for wave energy development

© Laminaria


Ostend, Belgium – Laminaria, an innovative company in the field of wave energy generation, has raised €2M from new investors, QBIC II and PMV, and existing investor CEIP.


The funding will support Laminaria to further develop its wave energy generation technology and initiate a full-scale demonstration project at the European Marine Energy Centre (EMEC) in Orkney, Scotland.


“After delivering proof of concept with the North Sea test campaign in 2015, demonstrating a grid connected device in the turbulent Scottish waters is the next very exciting step for Laminaria” says Steven Nauwelaerts, CEO of Laminaria. “The testing and development campaigns to date have given confidence to QBIC II, PMV and CEIP to invest in Laminaria’s future and support the next stage of the technologies progress.”


Read the full press release on the Laminaria website.