in News Departments > Projects & Contracts
print the content item

Finnish energy company Fortum has signed a leasing agreement with U.K.-based Wave Hub in order to test wave power solutions off the coast of Cornwall, England.

Fortum says the agreement provides the company with a new opportunity to deploy full-scale wave power converters in ocean conditions. The company adds that the Wave Hub facility is consented, grid-connected and capable of handling up to 10 MW of installed generation.

"This is as much 'plug and play' as it gets when it comes to wave power generation development. The site already has everything we need to start testing," comments Fortum's Chief Technology Officer Heli Antila.

"One wave power solution that we are currently evaluating to be deployed at the site is the 'Penguin,' developed by Finnish wave power company Wello," adds Antila. "This technique comprises vessels that float on the water and capture kinetic energy, which is then turned into electrical power, with minimal anchoring attached to the bottom."

Hybrid Energy Innovations

Hybrid Energy Innovations 2015
Latest Top Stories

To Help Combat Costly Electricity Theft, Emerging Markets Turn To Smart Grid Infrastructure

According to a new report, the world loses a whopping $89.3 billion to electricity theft annually, and emerging country markets are feeling a majority of the pain.


Report: Utilities Face Big Revenue Cuts From Distributed Energy Resources

According to a new report from Accenture, the growth of solar and other resources, such as energy storage, could mean significant losses for utilities.


NextEra To Acquire Hawaiian Electric In $4.3 Billion Merger Deal

If approved, the agreement between the two energy companies would produce one of North America's largest renewable energy players.


EPA Racks Up Over 1.6 Million Comments On Carbon Pollution Plan

Months after the U.S. Environmental Protection Agency released its Clean Power Plan, which will create new regulations for existing power plants, the agency says it has received loads of feedback to consider.


Smart Grid Interest Continues To Spread Among U.S. Rural Utilities

A new survey gauges rural smart grid efforts across the country and offers key findings, one of which is that nearly all utilities polled are doing something to modernize their systems.

S&C Electric_id176
edf_id180