Projects

Waves4Power is currently involved in several interesting client development projects,
as well as continued system development. Below we present some of our project
opportunities: Southeast Asia, South Africa and USA. Naturally we are also active in
developing projects in Europe with initial focus on Norway and UK.

Southeast Asia

From Spring 2021 to Spring 2023, Waves4Power has been part of BAPI (Business Acce
leration Project Indonesia). This project initiated by The Swedish Energy Agency and
run by Business Sweden has resulted in a MOU with PLN Indonesia Power, December 2022 and a MOU with PLN Nusantara Power, June 23. The first pilot project, 3 MW installed power, under these MOUs is expected in 2024.

Several more projects for power generation with scale-up opportunity to +100MW, are in the pipeline. Waves4Power has also, in December 2022, signed a MOU with Sembcorp Singapore (sembcorp.com), regarding strategic partnership and market development in Southeast Asia and the Pacifics. The day-to-day business in Indonesia is managed by our local representative, PT Bina Muda Teknikatama, Mr Firdaus Wajdi.

South Africa

In South Africa, our local representative, Africa Gateway International, has started an
EIAS (Environmental Impact Assessment Study) to lay the foundation for the first
WaveEL™ pilot contract in the Western Cape Province. The EIAS is planned to be ready
in March 2024 and the first pilot contract is expected later in the year. Our partner is
also exploring the possibility to start local fabrication and assembly of the WaveEL™
system in South Africa.

USA

Launch Alaska

Following a competitive global application process, Waves4Power was among 21 companies selected for Launch Alaska’s 2023 Tech Deployment Track.

Launch Alaska is a non-profit, technology, deployment accelerator, focused on decarbonizing systems of energy, transportation, and industry. Its Tech Deployment Track is designed to help companies forge partnerships and identify projects in Alaska. An eight-month deployment accelerator program, the Tech Deployment Track pairs climate tech companies with Alaskan partners and customers to help determine whether a product or service is viable for deployment in Alaska.

When the program kicked off in Anchorage, in September 2023, Waves4Power presented its green energy wave power technology to a curated group of volunteer advisors for invaluable feedback. Over the coming months, we will work alongside Alaskan partners to vet and develop partnership and project opportunities in communities around the state. Successful program graduates will end with a variety of promising, in-progress projects and an invitation to join the Launch Alaska Portfolio with continued support and connections to opportunities in Alaska.

For more information, visit Launch Alaska.

Strategic Partnership, E2

Since 2021, Waves4Power has been active in the Energy Two (E2) ecosystem of companies. Speed to market is important to reach our goal and to secure the first contracts in the United States. Being part of the E2 ecosystem of companies will help in accelerating our speed, not the least in the U.S. markets. Working together will also help the funding needed to reach our common goals.