Danish ocean energy outfit Wavepiston and YS Energies Marines Developpement (YSEMD) have signed an agreement to co-develop a wave energy project in Martinique.
The development aims to provide clean energy for the local communities on the island.
“This agreement could lead to a new frontier of clean energy and clean water in the Caribbean, leveraging the region’s abundant wave energy resources and speeding up the energy transition,” said CEO of Wavepiston Michael Henriksen.
The agreement is the result of a preliminary site selection study that was done in 2021-22.
The study identified the wave energy potential of the area and the most suitable locations for the project.
As a result, the companies have now joined forces to kick-start the project development.
“We are convinced that wave energy is now ready for a commercial phase and will play an important role in the decarbonization of islands’ electricity mix around the world.
“The co-development agreement with Wavepiston is the first step towards the deployment of wave energy arrays and we hope that it will pave the way for further development,” said CEO of YSEMD Corinne Dubois.
Wavepiston is installing the first full-scale system off the coast of Gran Canaria and in parallel preparing first commercial projects.