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Wave power can increase the margins for offshore wind

With today's pace of development in the wave power industry, wave power can become "wind power's best friend", where HAVKRAFT O-CLASS is one of the most exciting and efficient technologies in the industry according to this press release from Havkraft.

Press release from Havkraft

Havkraft participates at the offshore wind conference in Oslo in October as Offshore wind is important for Europe's future energy supply, in the same way that it is important to invest in the development of storage media such as batteries, hydrogen and ammonia. Nevertheless, it is the system that is most important, not least bringing wave power's properties into the mix.

More and more people are talking about the broad term "ocean energy" as a larger system, because it is the combination of wind, waves and storage that is the next big thing in European energy investment. With today's pace of development in the wave power industry, wave power can be "wind power's best friend", where HAVKRAFT O-CLASS is one of the most exciting and efficient technologies in the industry.

Simply put, wave power is stored wind power. Wave power provides synergies for offshore wind and will be able to increase energy yield at a lower unit cost. The EU has seen this and has already set a target of 10% wave power in the energy mix by 2050.

There are many reasons for this large-scale investment in Europe:

  1. Wave power has a large capacity: Wave power has a global potential of 29,000 TWh, far more than the total global consumption. In Norway, the theoretical potential is 600 TWh, while the most realistic would be to install between 50 TWh and 200 TWh. Wave power thus solves the need for new, eco-friendly and renewable energy in a sustainable energy mix together with offshore wind.

  2. Wave power complements offshore wind: Offshore wind is a major investment in Europe to ensure independence from fossil fuels. A one-sided focus on wind power has nevertheless been shown to create an energy system with large fluctuations in energy production. By co-locating more stable wave power (stored wind power) with wind power, you ensure a better base load in the power system.

  3. Wave power is an "energy battery": Offshore wind should not only think of batteries after production, but also at the front of the value chain. Wave power is an area-efficient and natural "battery" with highly concentrated wind energy. This means that the need for expensive intermediate storage of energy in the form of large installations with hydrogen and traditional batteries can be reduced if the stored wind energy is used as part of the concession area. The combination of waves (storage wind), wind, hydrogen and traditional batteries together form an ideal energy system for Europe in the future.

  4. Lower cost for the zero-emission society: Wave power contributes to making the power system more efficient by increasing energy production and reducing costs in the offshore wind farms, which will contribute to a more optimized and streamlined energy flow and thus reduced costs in the system. Society will benefit from this both in the form of increased income, lower costs and reduced encroachment on nature.

Havkraft is a member of GCE Ocean Technology, Hub for Ocean and Ocean Energy Europe and is a key player in international wave power development. The company participates in the Offshore Wind Conference to help make Norwegian offshore wind investment better by contributing with Norwegian wave power technology.

There is a good chance that Norwegian industry can secure a new export item for many large projects abroad, where in the future we will be a premise supplier and not just a subcontractor.

The investment in wave power is therefore a game between nations where Norway has the opportunity to take a leading role by facilitating the construction of the most efficient ocean energy systems in the world. We took national control of the oil adventure. Let's go all the way on ocean energy too!

Contact Information

Sean Nikolai Haldane, COO Havkraft AS and Geir Arne Solheim, CEO Havkraft AS.

Havkraft AS was established in 2009 by founder Geir Arne Solheim. In 2021 they deployed a full scale industrial pilot called «The Powerpier» in Ålesund, Norway, together with partners Marina Solutions and Ulstein Betong Marine, proving the complete chain from wave-to-wire.

In 2021 they also developed the new patent «PowerBooster», a point absorber capable of boosting energy in an OWC by controlling pitch and roll movements.

In 2022 they have fully deveopled two products for the world-market, ready for early adaptors of green energy solutions. The first product is the HAVKRAFT N-CLASS, our nearshore solution.

The other is the HAVKRAFT O-CLASS, tailored for the offshore-segment. both products are based on the Havkraft Wave Energy Converter (H-WEC) and pick up a broad spectrum of frequencies.