Project description
Low-cost wave energy technology
Climate change is considered the biggest threat that modern humans have ever faced. As such, innovative and green energy solutions are in high demand. Part of the solution might be found in our oceans. Wave energy is a promising option because of its efficiency in being integrated into the power grid and the fact that it does not need energy storage. However, wave energy is still too expensive and inefficient. The EU-funded NextWave project will reverse this trend by introducing cost-effective prices and efficiency so that wave energy can compete with other renewable sources. The project’s solution would offer a much needed clean energy solution that is both cost-effective and efficient while allowing for further growth and improvement.
Objective
Wave power can generate electricity around the clock, eliminating the need for energy-storage systems and making it easier to integrate into the grid than variable solar and wind power. However, compared to wind and solar energy, wave energy has remained relatively expensive and hard to capture. While a range of technologies and devices have been demonstrated through pilot projects, they are still in pre-commercial stage. SEABASED is the first company able to deliver turnkey wave parks that at a competitive price (compared to fossil fuels, solar or wind energy) in several places in the world. Seabased wave parks at their current stage are the product of over 15 years of R&D. We have developed the entire system from buoy to grid and the manufacturing processes that enable cost-competitiveness. We have obtained over 100 patents (in 20 patent families) for our innovations. The world will invest over €6 trillion in new renewable power generation until 2040. Both governments and private investors in the energy sector have recognized the potential of ocean energy. Policies to encourage its wider adoption are being established worldwide. Seabased is creating the market opportunity for wave energy. We have achieved a cost-effective technology and this in turn is starting to open markets for this clean and abundant energy source in places where it is very much needed. The short-term goal is to further guarantee the successful optimisation of the technology and foster initial commercial success. The longer term vision is the extensive deployment of utility scale (tens to hundreds of MW) wave energy parks in a global market.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology environmental engineering energy and fuels renewable energy hydroelectricity marine energy wave power
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
3950 BREVIK
Norway
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.