About us
COMPANY HISTORY
Early development
1993 - The power in the wave surge is observed by the diver and inventor Rauno Koivusaari during a dive on the Finnish coast. He sees the strong back-and-forth movement of a large hatch in a shipwreck and realizes that the power could be harnessed.
1999 - The first groundbreaking proof-of-concept panel prototypes are installed in the sea by Rauno and his small team of enthusiastic experts. The first devices validated the concept of utilizing wave power by pumping seawater on shore.
2000-2004 - The behavior and energy production of the WaveRoller panel is tested and analytically verified at a laboratory. The development of a PTO system starts, and first patent applications related to the technology are filed.
Pre-commercial development
2005 - A small-scale wave farms are installed at ocean sites in Scotland and Ecuador. The prototypes provide a wealth of information to the team related to survivability and operation in different ocean environments.
2007 - A 1:4 scale prototype WaveRoller is installed at a fully exposed ocean site in Portugal. After four months of operation, the device is lifted and fitted with an upgraded PTO before returning to the sea. The hydraulic PTO concept is proven to work in wave energy conversion.
2010-2014 - AW-Energy wins EU funding and leads a consortium to build, install and operate a 1:2 scale demonstration WaveRoller in Portugal over the period of three years. The demonstration WaveRoller includes three panels installed on a single steel foundation and verifies its power production and the patented WaveRoller deployment method.
Commercial developments
2015 - A full-size PTO test facility is opened in Järvenpää by the President of the Republic of Finland. The test facility is used to test and optimize the commercial WaveRoller devices. The WaveRoller team increases in size to include experts on several related fields.
2016-2019 - AW-Energy grows its supplier network and the first commercial WaveRoller is created alongside a rigorous technology qualification process validated by Lloyd’s Register. The WaveRoller is manufactured, assembled, tested and certified in several locations around Europe.
2019 - The First-Of-A-Kind commercial-scale WaveRoller is deployed near Peniche, Portugal. The device began to feed electricity to the Portuguese national grid on 14.11.2019 at 20:34.
CERTIFICATES
Waveroller Product Certification
In order to make sure that the First-of-a-Kind (FOAK) WaveRoller wave energy converter can reliably meet the requirements of both customers and authorities, AW-Energy has undertaken a rigorous product certification programme with the reputable Lloyd’s Register Energy.
The product certification will ensure that the FOAK WaveRoller is meticulously designed and manufactured according to the industry codes and standards and will meet the requirements set for it at the beginning of the programme. In addition to the obvious technical advantages, certification will optimise project financing and insurance coverage on a commercial basis.
The product certification is carried out according to the acknowledged certification and technology qualification standards DNV-RP-A203, DNV-DSS-401, and DNV-OSS-312. The product certification performed by AW-Energy and Lloyd’s Register includes five certificates. Each certificate will only be granted by Lloyd’s Register once it is assured that the requirements for the certificate have been met.
PARTNERS
We continue to build and develop our product, projects and sales globally through cooperation with various companies and organizations. AW-Energy aims to work only with the best operators in each field, and we build our partnership network with care. Together with our international partners that share our vision we can deliver WaveRoller, a reliable solution to plug into wave energy.
Financing
To achieve its goals, AW-Energy has received strong support from reputable investors who share our vision. Current investors backing AW-Energy include (listed in alphabetical order) Aura Capital, Fortum, John Nurminen Oy, Sitra. We are also proud to have received financing from the European Investment Bank, the world’s largest multilateral borrower and lender, after a thorough evaluation.
Extensive CAR-EAR (Contractor’s All Risks and Erection All Risks) project insurance programs are available for the WaveRoller technology. WaveRoller projects have a solid track record of securing an extensive insurance coverage through A-rated insurance companies. The scope of the insurance includes construction, erection, installation, operation, testing, commissioning and maintenance works and all other activities related to/and or associated with the WaveRoller projects. If you wish to know more about WaveRoller and insurance coverage, please contact us.
