Seabased company established a wave energy project in the Canary Islands

The 5MW plant will supply electricity to a desalination plan


Swedish wave energy company Seabased (visited by the MAESTRALE team during the Study Visit of July 2017) has started to cooperate with United Arab Emirates’ telecommunications company Infocom Connect within a 5MW pilot wave energy project in the Canary Islands to supply electricity to a desalination plant.
According to Seabased, this would not only pave the way for further cooperation to address other energy needs in the area, but also serve as a blueprint for action in parts of the world with limited options for renewables. Behind the project there is Oscar Sanchez, executive manager of SBH Hotels and Resorts, one of the most prominent private companies of the archipelago, who foresees the advantages of exploiting the huge potential of wave power in multiple commercial projects. It should also be remembered that Seabased has raised almost 70% of its minimum target in a crowdfunding campaign launched on March 16 and running until May 6.
The company had set the maximum goal for the campaign at some $1.8 million (SEK 15 million), while the minimum target is approximately $600,000 (SEK 5 million). The funds from this round will be used to scale production resources to meet demand, continue develop the R&D and testing processes, and for business development.

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