Thursday 13 October 2011

ALSTOM makes first-ever investment in wave energy

Alstom, a global leader in power generation, power transmission and rail infrastructure has invested in Taylor Keogh client, AWS Ocean Energy Ltd, one of the country’s leading wave energy companies. Alstom has acquired a 40% equity stake in AWS, enabling it to expand its operations and accelerate the development of its wave power technology. 

AWS’s lead product is the AWS-III, a multi-MW offshore wave energy generator evolved from the award-winning Archimedes Waveswing ™ technology, first deployed and tested in Portugal in 2004.  A 1/9th scale prototype of the AWS-III was trialled in 2010 in Scotland’s Loch Ness and the company plans to deploy and test a full size single cell of the AWS-III multi-cell prototype next year and aiming to deploy their first AWS-III in 2013/14 and a 10MW wave farm by 2016. (www.awsocean.com).