OE Systems develops the WaveMove™ technology, which generates renewable wave energy that can be installed alongside offshore wind turbines to enhance energy production and stability. This solution addresses the challenge of intermittent energy supply by providing a reliable and cost-effective source of renewable energy, potentially increasing overall production by up to 100% at combined wind and wave sites.
Funding
$100K 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
Offshore wind farms face challenges related to the intermittency of wind resources, leading to fluctuations in energy supply and potential grid instability. Maximizing energy production and ensuring a stable, reliable power output from renewable sources remains a key objective for the energy sector.
Solution
OE Systems offers WaveMove™, a wave energy technology designed for integration with offshore wind farms to enhance energy production and grid stability. WaveMove™ captures wave energy and converts it into electricity, complementing the power generated by wind turbines. By combining wind and wave energy sources, the system aims to provide a more consistent and predictable renewable energy supply. OES Power Consulting services provide detailed production and layout plans to optimize WaveMove™ installations, including system integration overviews with 5-year annual production data. The integration of machine learning and AI allows for central control, surveillance, and predictive maintenance, ensuring optimal performance and providing business data for financial monitoring.
Target Audience
The primary target audience includes offshore wind farm operators, energy providers, and developers of new or existing offshore renewable energy projects seeking to increase energy production and grid stability.
Features
- Wave energy converters designed for parallel installation with offshore wind turbines
- Scalable deployments ranging from 5-15MW per connection, suitable for brownfield wind boosting (20-200MW/site) and greenfield combined wind/wave systems (200-1000MW)
- Grid connection options include direct connection to wind turbines or parallel connection to transformer platforms, with voltage adjustments to fit site specifications
- AI-powered central control system for real-time surveillance, production monitoring, and predictive maintenance
- Data-driven insights through a user-friendly interface for performance visualization and financial forecasting
- OES Power Consulting services for site-specific system integration planning and production optimization
- Designed for a circular economy with minimal environmental impact