National Taiwan Ocean University Sign Landmark Memorandum of Understanding to Advance Wave Energy Solutions

Taipei, Taiwan – 20 November 2025

Wave Swell Energy Limited, a leader in renewable energy innovation, is excited to announce the execution of a Memorandum of Understanding (MOU) with the National Taiwan Ocean University (NTOU), marking a significant milestone in the development of its cutting-edge wave energy technology in Taiwan.

This MOU sets the stage for a groundbreaking collaboration focused on the deployment of a wave energy converter at the NTOU’s facility in Keelung, Taiwan. This initiative represents a major step towards advancing Taiwan’s renewable energy capabilities, with the goal of establishing a state-of-the-art wave energy converter that will harness the power of ocean waves to generate clean electricity and demonstrate the durability and commercial viability of Wave Swell Energy’s technology in Taiwan’s weather conditions.

Under the terms of the MOU the parties will collaborate on selection of a specific site at the NTOU’s Keelung facility where Wave Swell Energy’s wave energy converter will be deployed and operated. The parties will establish a consortium of partners that will collaborate on the development and funding of the wave energy converter, including the development of a local supply chain for all components of the wave energy converter.

The collaboration between Wave Swell Energy and the NTOU is a testament to both organisations’ commitment to accelerating the transition to new and innovative renewable energy sources. President Hsu Tai-wen of NTOU emphasised “This collaboration combines industrial capabilities with disciplined monitoring and verification undertaken by NTOU to demonstrate Taiwan’s marine renewable energy strategy.” With Taiwan’s coastal regions offering exceptional potential for wave energy generation, this project promises to significantly contribute to the island’s sustainability goals.

“We are thrilled to partner with National Taiwan Ocean University on this transformative project,” said Paul Geason, CEO of Wave Swell Energy. “This collaboration underscores our shared vision of harnessing the power of the ocean to create clean, reliable electricity solutions. Together, we will pave the way for future innovations in renewable energy and help Taiwan lead the way in establishing a thriving and globally leading ocean energy sector.”