Eco Wave Power signs deal to deliver wave energy to Taiwan

Eco Wave Power Global has signed a Memorandum of Understanding with maritime engineering firm Lian Tat Company to bring Eco Wave Power’s wave energy technology to Taiwan.

The companies are planning to develop a joint venture company to develop wave energy projects in Taiwan.

The first stage of the collaboration will be the development of a wave energy power station, which would begin with a 100kW pilot and then expand in stages to a total installed capacity of 20MW.

“We are excited to partner with Lian Tat Company to bring wave energy to Taiwan,” said Eco Wave Power’s founder and CEO Inna Braverman. “As an island with most of its population by the shore, Taiwan has a unique capacity to have wave energy at the forefront of the country’s renewable energy portfolio. We are looking forward to taking this historic first step towards implementing Eco Wave Power’s technology throughout Taiwan.”

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Lian Tat will fund the joint venture during the pilot phase and will be responsible for obtaining permits, licensing and approvals for the project. Furthermore, the company will manage the construction, operation, and maintenance of the pilot.

Eco Wave Power will assist in the research and evaluation of the project’s feasibility, provide the power generation equipment and knowledge, and perform troubleshooting.

“I believe that wave energy has enormous potential as a renewable energy source, and this collaboration is a significant step towards unlocking that potential,” said Lian Tat company chairman CY Huang. “With Eco Wave Power’s innovative technology, our collaboration will establish a benchmark project that will demonstrate the viability and scalability of wave energy in Taiwan, especially with the country’s 1,566 kilometres of coastline.”

Eco Wave Power technology starts producing electricity from wave heights of 0.5 metres. The floaters draw energy from incoming waves by converting the rising and falling motion of the waves into a clean energy generation process.

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According to Eco Wave Power, "the movement of the floaters compresses and decompresses hydraulic pistons which transmit bio-degradable hydraulic fluid into land located accumulators. In the accumulators, a pressure is being built. This pressure rotates a hydraulic motor, which rotates the generator, and then the electricity is transferred into the grid, via an inverter.

"The fluid, after decompression, flows back into the hydraulic fluid tank, where it is then re-used by the pistons, thus creating a closed circular system."