W4P Waves4Power AB
Waves4Power is developing and selling wave energy systems. The heart of the system is the WaveEL buoy – a point absorber – where the energy of the waves are converted into electric power. A wave power park consists of a large number of WaveEL buoys linked together in an optimized power generation pattern. Waves4Power is a leading player in the green marine energy industry which is expected to be the future in energy production for Europe as well as the rest of the world.
Company details
Find locations served, office locations
- Business Type:
- Manufacturer
- Industry Type:
- Power Distribution
- Market Focus:
- Globally (various continents)
About us
Waves4Power delivers green energy solutions by generating affordable electric power from ocean waves. This power is free of harmful CO2 emissions, thereby helping to create a better future for our planet. A wave power park consists of several power-generating WaveEL buoys linked together in an optimized pattern. The power park is connected to the energy-user on shore or offshore via a connection hub and sea cable.
Waves4Power has secured cooperation with strategic partners covering all important present and future development areas. The WaveEL demonstration at the Runde site in Norway is proof of concept for the Waves4Power system. One week after launching in 2016, the buoy was exposed to waves with a height of 14 meters at the site, and the system produced exemplary performance. The system has since proved survivability for over 12,000 hours between February 2016 until November 2017, including 4000 hours of full-scale system functional testing.
After the festive opening of the Runde site on September 21, 2017, Waves4Power entered its next stage. The development of the W4P Next Generation is well on its way. We are now focusing on reinstalling an updated demo system at the Runde site. Soon after, we will concentrate our resources on the development and installation of the first in a row of commercial wave power plants. The first such installation is estimated in 2020-2021. Waves4Power has effectively secured continued cooperation with strategic partners covering all important present and future development areas.
Unique Concept
- Survivability
- Serviceability
- Profitability
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Passion – we believe in what we are doing and stand behind the values of our work.
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Well Being – everyone involved should benefit from our operations especially the global environment.
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Down-to-Earth – concepts focusing on functionality simplicity and total economy.
History
The history of events that lead to the forming of W4P Waves4Power AB; as told by Gunnar Fredrikson, founder and President of IPS InterProject Service AB (IPS) and co-founder of Waves4Power.
Few other wave power companies have accomplished what Waves4Power did in the months between August 2008 and April 2010. We went from an idea to an ocean-tested prototype – the WaveEL buoy – in less than two years without any help from large external investors.
However, our story has a much earlier start than even the 2008 date when the WaveEL project started.
The history of events that lead to the forming of W4P Waves4Power AB; as told by Gunnar Fredrikson, founder and President of IPS InterProject Service AB (IPS) and co-founder of Waves4Power.
Few, other wave power companies have accomplished what Waves4Power did in the months between August 2008 and April 2010. We went from an idea to an ocean-tested prototype – the WaveEL buoy – in less than two years without any help from large external investors.
However, our story has a much earlier start than even the 2008 date when the WaveEL project started.
The W4P Concept
SURVIVABILITY
Survival at Sea
Size matters, and in the ocean small is beautiful. Survival of the fittest is represented by navigation and weather buoys known to live on for decades, and some even for a century in the ocean. The WaveEL buoy is like the weather and navigation buoys – an expert on survival.
The size, shape, and mooring system of navigation buoys are well tested and proven over a long period of time. W4P is using an identical concept and our power-generating buoys are in all aspects similar to weather and navigation buoys, which ensures their survivability.
The trick is not to fight the waves but ride them. By building small buoys in relation to the waves in which they work, you place the odds of survival on your side. The WaveEL buoy at Runde is an 8-meter diameter buoy, optimized to ride the wave while harnessing the greatest possible amount of ocean energy without exposing itself to the ocean’s devastating forces.
SERVICEABILITYIn the wave climate where the Waves4Power system performs the best, there will be but few opportunities when the weather allows for a visit to the wave power buoy. Accessibility, then, is key.
From the very beginning, the advice from our marine and dive operations partners has been to follow their no. 1 rule. “Build your system so it is always serviceable without the need for divers…we dive for a living so we know just how expensive and hard it is to maintain a system that requires anything but a small rib boat to get to”. With this advice in mind, the Waves4Power system is designed for optimal serviceability from small boats and large service vessels alike. All systems are placed above water in the buoy itself as well as in the connection hub where the low voltage cable from the buoy meets the subsea shore cable. All electric connections in the system are dry without need for expensive “Wet Mate” connections.
The WaveEL 3.0 buoys are built with all components placed in modules that are easily replaced with no need to move the buoy from its moorings. The modular concept reduces service time at sea where the cost of operations is the highest. The module in need of repair is brought to shore where the job can be performed in a dry, clean, and accessible environment.
Furthermore, the hydraulic conversion system – with the exception of the hydraulic ram – is placed inside an air tight, stainless steel vessel minimizing the risk of spill or leakage of oil from the system. The oil used in the system is naturally bio degradable.
In the design phase, the O&M (Operations and Maintenance) challenges were already considered and solutions were pre-emptively built into the system. The monitoring system W4P has developed with its partners and suppliers is capable of not only monitoring and recording output performances, but also monitoring the condition of individual key components. They do this through the use of built in sensors and determine the preventive maintenance needed before a break down is imminent. This state of the art technology is particularly important for a wave power installation as the cost of service is very high and the window of opportunity to perform service and access the wave power buoy may be very limited during parts of the year.
PROFITABILITYGenerating Green Electricity at a competitive price, LCOE (Levelized Cost of Electricity)
The four key parameters that determine the cost of power produced are easily defined, but not as easily obtained. They are as follows: manufacturing cost, launch and retrieval cost, lifetime maintenance cost, and system efficiency/output.
The cost of building a wave power device is dependent on the amount of raw material needed. For this reason, the parameters of kWh produced per unit of weight have lately become a key factor in comparing different systems. The WaveEL 3.0 buoy has one of the highest outputs per unit of weight [kWh/year/kg] known to the industry.
The launch of wave power systems on the whole has traditionally been both expensive and quite dangerous, with multiple failures during launch or transport to deployment site. Wave4Power has showed the feasibility of using smaller devices than many of our competitors. This ensures ease of handling during deployment, among other benefits. Waves4Power’s unique logistics approach from start to finish guarantees these “small” units are perfectly suited for mass production. As production volume increases, the cost is driven down and the positive effects of learning curve improvements are fully realized.
Cost of Operation and Maintenance during the 25-year lifetime of the device amounts to a substantial sum. The WaveEL 3.0 buoy’s accessibility and modular design minimizes O&M cost.
The working principle of the Waves4Power wave energy converter is such that it has a natural overload feature and may continue to work where most other systems would need to shut down. This results in a high capacity factor with efficient outputs. In addition, the hydraulic conversion system is capable of storing energy for brief periods between waves, smoothing the output and utilizing the generator capacity more efficiently