Seabased develops wave energy parks that convert ocean waves into cost-competitive, renewable electricity for coastal and island communities. Their modular wave parks offer a predictable and continuous energy source, reducing reliance on land-intensive or visually intrusive alternatives.
Funding
Funding not disclosed
Founders
Product
Problem
Many coastal and island communities rely on expensive and polluting imported fossil fuels for electricity generation, leading to energy insecurity and environmental damage. Renewable energy sources like wind and solar can be intermittent, requiring costly energy storage solutions or backup generation.
Solution
Seabased develops and deploys wave power parks that convert ocean wave energy into a stable, predictable, and cost-competitive source of renewable electricity. Their wave-to-grid solution utilizes buoys on the ocean surface connected to linear generators on the seabed, capturing the continuous motion of waves to produce electrical power. The modular design of Seabased wave parks allows for scalable deployment and integration with existing grid infrastructure, reducing reliance on fossil fuels and strengthening energy resilience for coastal and island communities. The submerged structures can also serve as artificial reefs, providing shelter and breeding grounds that support local biodiversity.
Target Audience
Primary customers are island nations, coastal communities, and utilities seeking a reliable, renewable, and cost-effective alternative to fossil fuel-based electricity generation.
Features
- Patented wave energy technology with over 10 years of full-scale ocean testing
- Modular wave park design for scalable deployment from 2MW to hundreds of MW
- Linear generators on the seabed protected from storm waves and boats
- Marine substation converts power produced by multiple wave energy converters into grid-ready electricity
- Wave power parks can be co-located with offshore wind to improve overall grid stability and reduce battery storage requirements
- Components are small enough to be shipped on regular cargo vessels, reducing shipping costs
- Installation can be done in a few days, with relatively small vessels that require less fuel
- Designed for a 20-year lifespan with minimal maintenance using local boats