CorPower Ocean and Simply Blue Energy have announced a Strategic Collaboration Agreement to develop a series of “significant” wave energy projects off the coasts of the UK and Ireland.
Under the agreement announced on Tuesday 9 July, Simply Blue Energy will have exclusive rights to use CorPower’s technology. The partners have pinpointed 2024 as a target date to have commercial wave projects online. Simply Blue Energy has already identified a number of development areas suitable for wave energy project deployment.
Simply Blue Energy will also investigate the potential for the development and deployment of combined floating wind and wave energy farms. This work will look to explore the possibility of significant cost reductions.