Braverman was accompanied by representatives from I-Ke, including Sung Chang Hung, Director of Business Development, Wang Chu Cheng, Site Manager and Mechanical Engineer, and Lee Yu Ting, Project Manager, who presented their installation plans and timeline.
During the site visit, Braverman also met with the representatives of the Port where the project is set to be installed, who conveyed their excitement about this landmark project.
As communicated earlier this month, I-Ke will be providing the full financing for the 100KW pilot project by purchasing a turnkey conversion unit from Eco Wave Power. Meaning that Eco Wave Power will sell to I-Ke the conversion unit for the 100KW wave energy power while I-Ke will locally produce the floaters, hydraulic cylinders and all other components of the technology which are located on the seaside of the marine structure.
According to a press statement made by I-Ke, the first stage of the project will be the development of a 20 MW wave energy power station in Taiwan, which will begin with a 100-kW pilot and expand in stages to a total targeted installation commercial capacity of 400 MW.
CY Huang, the Chairman of Lian Tat, said, “We entered an MOU with Eco Wave Power in 2023, and entered into a Final Agreement a few days ago. In the time that you have passed, we have selected a site for the first 100KW demonstration in Taiwan and explored additional 83 potential sites all over the Taiwanese coastline for the commercial implementation of Eco Wave Power's technology in the future. “I hope and believe that we will keep the momentum going, with the support of Eco Wave Power, the Port and the Government of Taiwan.”
Braverman added, “I am very excited to visit the first deployment site for Eco Wave Power's technology in Taiwan, which is also expected to be our first deployment site in Asia. I am very impressed with the progress achieved by Lian Tat and I-Ke in such a short time frame and I would like to extend my gratitude to Mr. Huang, the Port, and the Government of Taiwan for enabling for the implementation of our innovative and groundbreaking project in Taiwan.”
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