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AW-Energy

aw-energy.com

Founded Year

2002

Stage

Convertible Note | Alive

Total Raised

$17.2M

Last Raised

$100K | 3 mos ago

About AW-Energy

AW-Energy aims to produce reliable, predictable electricity when it is most needed. The company harnesses the potential of ocean waves with its WaveRoller technology. WaveRoller is an oscillating wave surge converter designed to convert kinetic energy from waves into electricity. AW-Energy was founded in 2002 and is based in Vantaa, Finland.

Headquarters Location

Tikkurilantie 10

Vantaa, 01380,

Finland

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AW-Energy Patents

AW-Energy has filed 1 patent.

The 3 most popular patent topics include:

  • Agricultural machinery
  • Automotive transmission technologies
  • Energy conversion
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/30/2018

11/8/2022

Agricultural machinery, Wave power, Tractors, Physical oceanography, Power station technology

Grant

Application Date

5/30/2018

Grant Date

11/8/2022

Title

Related Topics

Agricultural machinery, Wave power, Tractors, Physical oceanography, Power station technology

Status

Grant

Latest AW-Energy News

Three Companies Join Halliburton Labs Clean Energy Accelerator

Aug 26, 2022

AW-Energy, RedShift Energy, and Renkube selected for industrial scaling program August 23, 2022 08:00 AM Eastern Daylight Time HOUSTON--( BUSINESS WIRE )-- Halliburton Labs today announced it selected three new companies to participate in its collaborative environment to advance cleaner, affordable, and reliable energy. As a Halliburton Labs participant, AW-Energy, RedShift Energy, and Renkube will receive access to a broad range of industrial capabilities, technical expertise, and mentorships to scale their respective businesses. “Halliburton Labs is excited to welcome AW-Energy, RedShift, and Renkube to our clean energy accelerator,” said Dale Winger, managing director of Halliburton Labs. “These new companies reflect our view that numerous innovations at scale are important in the evolution of energy systems. We are intrigued by the learning and possibilities represented by the breadth of market applications and geographies with participants based in Finland, India, and the United States. We are eager to collaborate with these companies to help them achieve their strategic, operational, and financial milestones.” AW-Energy harnesses the potential of ocean waves with its WaveRoller® technology. WaveRoller is an oscillating wave surge converter designed to convert kinetic energy from waves into electricity. AW-Energy aims to produce reliable, predictable electricity when it is most needed and can provide the most value. “With the technology already certified and deployed at commercial scale, we are excited to access Halliburton’s global network and engineering expertise to develop our first series of wave farms,” said AW-Energy CEO Christopher Ridgewell. RedShift Energy uses plasma energy to produce hydrogen from hydrogen sulfide. The company’s modular technology is designed for economic applications across the petroleum value chain including unlocking trapped reserves upstream and recycling hydrogen downstream. “RedShift’s hydrogen technology has the potential to be a key feature in energy transition,” said CEO Howard Nelson. “Joining Halliburton Labs will accelerate commercialization with the help of their broad expertise, supply chain experience, and world-wide network,” added co-founder and Chief Scientist Alex Gutsol. Renkube developed an innovative glass designed to harvest light that lowers the cost of solar energy generation. The patent-pending glass is used on solar panels to track sunlight like a sunflower but without any movement. "We are excited to be part of the Halliburton Labs accelerator. We intend to leverage Halliburton’s deep industrial expertise in manufacturing and operations as we roll out our product for commercialization," said Balaji Lakshmikanth Bangolae, founder and CEO, Renkube. Halliburton Labs is now accepting applications for its next group of participants. Applications are accessible via the Halliburton Labs website and are due by August 31, 2022. Please register here to attend the upcoming Finalists Pitch Day on September 28, 2022. ABOUT HALLIBURTON LABS Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors and industrial labs join to advance cleaner, affordable energy. Located at Halliburton Company’s headquarters in Houston, Texas, Halliburton Labs provides access to world-class facilities, operational expertise, practical mentorship and financing opportunities in a single location to help participants scale their business. Visit the company’s website at www.halliburtonlabs.com . Connect with Halliburton Labs on Twitter , LinkedIn and Instagram . Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL). Contacts

AW-Energy Web Traffic

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AW-Energy Frequently Asked Questions (FAQ)

  • When was AW-Energy founded?

    AW-Energy was founded in 2002.

  • Where is AW-Energy's headquarters?

    AW-Energy's headquarters is located at Tikkurilantie 10, Vantaa.

  • What is AW-Energy's latest funding round?

    AW-Energy's latest funding round is Convertible Note.

  • How much did AW-Energy raise?

    AW-Energy raised a total of $17.2M.

  • Who are the investors of AW-Energy?

    Investors of AW-Energy include Halliburton Labs, Horizon 2020, European Investment Bank, Auratum, Fortum and 3 more.

  • Who are AW-Energy's competitors?

    Competitors of AW-Energy include CorPower Ocean.

Compare AW-Energy to Competitors

Wello Logo
Wello

Wello is a Finnish clean energy company providing a wave energy based solution for power generation, the Wello Penguin.

M
Mocean Energy

Mocean Energy creates products that provide renewable energy from the ocean for offshore systems; its technology is for harnessing energy from ocean waves. The company was founded in 2015 and is based in Edinburgh, Scotland.

W
Wavepiston

Wavepiston has developed a technology to harvest the energy from waves.

I
INGINE

INGINE is the developer of INWave, an affordable wave energy converter that uses the whole range of wave movements, enabling its application even in shallow waters.

C-Power Logo
C-Power

C-Power develops and commercializes wave energy harvesting devices using off-shore, direct-drive, permanent-magnet generator topologies. It is an independent company founded by Greenlight Energy Resources in partnership with Oregon State University. The company was formerly known as Columbia Power Technologies and changed it's name to C-Power. It is founded in 2005 and is based in Charlottesville, Virginia.

C
CorPower Ocean

CorPower Ocean has developed a compact high-efficiency Wave Energy Converter, inspired by the pumping principles of the human heart. Using a new phase control method, the Wave Energy Converters always oscillate in resonance with the incoming waves, amplifying their motion and power capture.

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