According to WaveGen, its patented technology can generate electricity with a 52% efficiency rate, compared to the industry standard of 20%. In addition to power generation, the system is designed to desalinate seawater and serve as a coastal erosion barrier.
“Recently, we successfully tested our 200W Proof of Concept (POC) at NITK, showcasing the real-world potential of our innovation,” Thaneshwar Singh, Director of WaveGen Energy said in a social media post.
“Now, we are looking for investors and strategic partners who share our vision of making India a global leader in wave energy. The blue economy is the future, and early adopters will be at the forefront of a trillion-dollar shift toward sustainable energy.”
The company is seeking investors and strategic partners to scale up the technology for commercial deployment.
