Ideol is now becoming BW Ideol, with the same team, the same technology and with the company’s founders as substantial shareholders. BW Ideol will benefit from BW Offshore’s extensive experience in executing and operating offshore energy production systems and will be in a unique position to accelerate its growth and to confirm its leading position in this booming market.

BW Ideol will start trading tomorrow on Euronext Growth in Oslo with the objective to create long-term value for its shareholders and for mankind as a whole, by transforming nature’s forces at sea into a reliable and competitive green energy.