The agreement will see Lloyd’s Register Energy utilise its considerable experience of marine power generation assets to provide a valuable independent review of all stages of the work carried out by the WaveRoller team. This will in turn ensure that risks are identified and mitigated through the entire project lifecycle, and that the technology fulfils industry best practice.
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 (known as the ‘surge phenomenon’) and is connected to the electric grid onshore. AW-Energy is based in Finland, and operates in multiple continents. It is backed by strong owners including leading European utility company Fortum.
“Lloyd's Register Energy has a long history in certifying devices in the marine environment and AW-Energy’s WaveRoller project is one of the world’s latest innovations for the renewable sector” said Ross Wigg, VP Renewables at Lloyd’s Register Energy. “AW-Energy’s engagement throughout the certification process is encouraging and we are looking forward to working alongside them to assure their technology and commercial success.”
AW-Energy’s collaboration with Lloyds Register is aimed at achieving full certification of the technology which will help to optimise project financing and facilitate insurance coverage on a commercial basis, in addition to the various technical advantages.
AW-Energy CEO John Liljelund added that his company has a long history of working with reliable and strong partners and that continuous collaboration with leading institutions in technical advice and certification such as Lloyd’s Register Energy and DNV GL further bolsters AW-Energy’s world-class development team.
Installed wave energy capacity will see huge growth over the next few years as commercial projects are implemented around the world.
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