WavEC and OceanPixel have signed a memorandum of understanding (MoU) to facilitate knowledge sharing on marine renewable energy technology and projects.
The MoU is expected to help to strengthen collaboration between the partners with the aim of seeking opportunities presented by marine renewable energy developments in Europe and south-east Asia.
The wide range of scope of cooperation extends to a variety of topics including marine renewable energy site selection and characterisation, technology assessment, environmental monitoring and assessment, project layout, levelised cost of energy assessment and offshore logistics, mooring design and power cable layout.
WavEC, an R&D-based centre of excellence, in Portugal, with a presence in Indonesia, brings a “highly skilled team and an in-depth knowledge” of the global offshore energy market.
OceanPixel, a Singapore spin-off company from the Energy Research Institute at Nanyang Technological University, has a “strong track record” in supporting blue economy projects across south-east Asia.
WaveEC board of directors president Antonio Sarmento said: “We believe this collaboration will allow us to explore future opportunities in the ocean energy sector in south-east Asia, sharing our expertise and knowhow on marine energy and experience with demonstration projects in Portugal, leveraging on lessons learned.”
OceanPixel CEO Michael Abundo said: “I am looking forward to the collaboration to support the development of marine renewable energy especially in the context of sustainable energy transitions and the wider blue economy for islands and coasts in south-east Asia.”