Laminaria raises €2M

Laminaria, an innovative Belgian company in the field of wave energy generation, has raised €2M from new investors, QBIC II and PMV, and existing investor CEIP.

The funding will support Laminaria to further develop its wave energy generation technology and initiate a full-scale demonstration project at the European Marine Energy Centre (EMEC) in Orkney, Scotland.

Laminaria has developed intelligent solutions to harvest energy from the sea while maintaining a focus on maximum operability and reliability. A 1 in 5 scale energy producing version of its wave device was successfully tested in the North Sea in 2015.

Proving survivability in extreme storm conditions is a key focus of LAMWEC, an OCEANERA-NET funded project led by Laminaria to upscale their technology to 200kW and ready it for deployment at EMEC. Laminaria has also successfully levered support via the MaRINET2 call, allowing access to Plymouth University’s tank test facilities allowing further control optimisation, and via the Interreg NWE funded FORESEA programme, partly supporting the full scale test programme at EMEC.

By Jake Frith

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