Wavepiston and YS~EMD sign an agreement to develop a wave energy project in Martinique
The two companies have formed a partnership to co-develop a wave energy project. The project aims to provide clean energy for the local communities.
“This agreement could lead to a new frontier of clean energy and clean water in the Caribbean, leveraging the region’s abundant wave energy resources and speeding up the energy transition.” – says Michael Henriksen, CEO of Wavepiston.
The agreement is the result of a preliminary site selection study that was done in 2021-22. The study identified the wave energy potential of the area and the most suitable locations for the project. As a result, the companies have now joined forces to kick-start the project development.
“We are convinced that wave energy is now ready for a commercial phase and will play an important role in the decarbonization of islands’ electricity mix around the world. The codevelopment agreement with Wavepiston is the first step towards the deployment of wave energy arrays and we hope that it will pave the way for further development.” – says Corinne Dubois, CEO of YS~EMD.
Wavepiston develops a revolutionary technology that harnesses wave energy to create clean energy and clean water. Wavepiston is currently installing the first full-scale system off the coast of Gran Canaria and in parallel preparing first commercial projects.
YS~EMD develops ocean energy projects (tidal and wave) for and with stakeholders in coastal regions. YS~EMD acts, through consultation, in favour of the resilience of these areas, driven by the fight against climate change.
Both parties are thrilled to kickstart the commercialisation of wave energy and make a large, positive impact in the energy transition, starting in the Caribbean.