PowerModule · Demonstration of the Next Generation Wave Energy Device – POWERMODULE

Wello has developed and patented a concept which is able to convert the movement of waves into electric energy withoutany hydraulic joints and gears. The idea of Wello’s Power Module innovation is to combine vessel stabilization, damping andpower production into one electro-mechanical device. This is achieved by installing Power Modules to the ship and otherfloating vessels. Power Modules are optimized either for providing energy to the process or for stabilizing the vesselmovement. The difference between working principle is done by configuring user software and in some cases bydimensions. In Wello’s Power Module, the power take-off unit (PTO), consists of an eccentric spinning mass that rotatesaround the vertical generator axis. The innovation has been developed in small and full scale in EMEC (European MarineEnergy Centre) at Orkney Islands during last several years.The clients of this innovation are cruise liner and other ship owners and operators, offshore oil&gas field operators as well asemerging small scale offshore power users like fish farms, desalination process stations, algae cultivation and remote islandsystems. The market size is several billion Euros. Stabilization for vessels is needed for health and safety reasons.Renewable energy replacing CO2 emissions and other pollution at vessels.Objective of this project is to demonstrate the concept in full scale and in operational environment, and to create fullproduction capability. Outcome of this project is 300kW ocean energy generator. It can be installed into different vessel typesand it produces stable electricity always when there are waves.Wello will make ocean energy feasible by offering a cost effective solution that is able to provide renewable energy atcompetitive cost. It offers stabilization and damping for vessels which other competing renewable energy sources cannotdeliver. The innovation will deliver significant growth, jobs and investments for Europe.