Exowave has developed a patented wave energy converter technology that harnesses ocean wave energy to produce fresh water and renewable electricity. This approach addresses the global scarcity of clean drinking water and the need for sustainable energy sources, enhancing energy production by 50% when combined with offshore wind systems.
Funding
$2.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The world faces increasing scarcity of both clean drinking water and sustainable energy sources. Traditional energy production methods contribute to climate change, while access to fresh water remains a challenge for nearly a billion people.
Solution
Exowave has developed a patented wave energy converter (WEC) technology designed to harness the power of ocean waves for the production of both fresh water and renewable electricity. This modular and scalable system leverages a unique approach to convert ocean energy, addressing the global need for sustainable resources. By integrating wave power with offshore wind farms, Exowave's technology can enhance energy production by 50% at the same site. The company's vision is to make fresh water and clean energy accessible to everyone, supporting the UN Global Goals for clean water, sanitation, and affordable, clean energy.
Target Audience
Exowave targets communities and regions facing water scarcity and seeking sustainable energy solutions, as well as offshore wind farm operators looking to increase energy output.
Features
- Patented wave energy converter (WEC) technology
- Modular and scalable design for flexible deployment
- Simultaneous production of fresh water and renewable electricity
- Enhanced energy production when combined with offshore wind systems
- Supports UN Global Goals for sustainable development