European Commission lists FOAK as prime example of H2020 funding

AW-Energy’s 10M€ loan from the EIB is listed as a prime example on how the EU is funding energy technology and its market adoption through Horizon 2020 in a Communication by the European Commission. AW-Energy’s FOAK- project (First-Of-A-Kind commercial scale device) is mentioned on page 12 in the document.


AW-Energy is a pioneer in the green economy and is the global leader in wave energy technology. Its flagship product, WaveRoller®, is a submerged wave energy converter based on a hinged panel that is attached to the sea bed in the near shore area. It generates electricity from the movement of the waves (surge phenomenon) and is connected to the electric grid onshore. The company is based in Finland, and operates in multiple continents cooperating with strong industrial partners including e.g. Lloyd's Register, Wärtsilä, Naval Group and DNV-GL. The company employs a highly professional and efficient team that manages a network of over 100 engineers and technical staff.