Asian wave energy solution with a European footprint

Operating from 2012, the Seoul-headquartered firm Ingine will celebrate its 10th anniversary with strong momentum now approaching a landmark fifth year of wave energy operation in North East Asia, via the Jeju Bukchon Wave Power Plant built in 2015.

Further international projects will see expansion across four continents throughout 2022 and beyond.

This includes a Vietnamese and Korean initiative in Quang Ngai province – through a five-party MoU involving Quang Ngai People’s Committee, Ingine, SK Innovation, Doosan Vina and VinGroup – and the development of a 10MW wave energy project for diesel replacement in Indonesia.

Ingine’s proprietary INWaveTM wave energy converter, effectively absorbs energy of close-to-shore waves. The innovative technology eliminates the need for expensive submarine cables as the power generation unit is installed on land, making it highly economical.

The technology is especially well suited for remote coastal communities which do not have access to the central power grid and depend on diesel generators for electricity supply. The technology increases community access to renewable, locally sourced clean energy and reduces reliance on fossil fuels. INGINE’s work aims to greatly contribute to the production of environmental, social, and governance (ESG) best practice for wave energy projects in off-grid locations.

The company has a European subsidiary which in 2021 won grant support from the Clean Energy for European Union Islands Secretariat.