Our short to medium term focus is project opportunities where WSE technology can provide immediate solutions. Such projects relate to displacing expensive diesel in remote locations around the globe, while also helping to alleviate coastal erosion with the strategic placement of WSE units.
WSE has the only renewable energy technology that doubles as a form of coastal protection. WSE units, when deployed in close proximity to each other, act as a breakwater or sea wall protecting the coastline from erosion, mitigating the effects of climate change and generating revenue from electricity produced.
Longer term, we expect to provide large scale grid connected electricity. Waves are a highly predictable, reliable and infinite resource. We aim to make wave energy a complementary base load power source that provides a meaningful contribution to the global energy mix.