Exowave has signed an important partnership agreement with Semco Maritime, which takes its first bold move into the growing wave energy sector.

The partnership will see Semco Maritime providing manufacturing and offshore expertise to Exowave, for the roll out of its wave energy conversion technology, in the North Sea at first and on an international scale moving forward.

Wave energy is seeing a substantial growth over the past years with increasing support from governments. The EU alone has set very ambitious targets of 1GW of ocean energy installations by 2030 and 40GW by 2050. As such it is key to create a robust and reliable sector value chain, which will be able to deliver on such targets.

The strategic partnership between Semco Maritime and Exowave will support to meet above ambitious targets, combining a world class offshore player with one of the leading wave energy developers. This partnership will also support the further expansion of Semco Maritime into the growing renewable sector.

Gabriele Rampinelli, MD Exowave, states “Semco Maritime is already our partner for the 100KW demonstration plant to be realized in 2023 in the North Sea, a project also supported by Danish EUDP with over DKK 14 million. We are very pleased that this partnership now also extends beyond this demonstration plant with the aim to provide a substantial contribution to the energy transition”.

Claus Eilersen, Director of projects, Semco Maritime, states “The partnership with Exowave well aligns with our strategy of taking part in the fast-growing transition to renewable energy. As a large engineering and contracting company, we are pleased to cooperate with startups and support their R&D work within new energy sources”.