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AWS Ocean Energy
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Short description

Producer of grid-connected wave power generators with outputs equivalent to large wind turbines

Founded in 2004
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector hydro & marine

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United Kingdom Inverness, United Kingdom
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Updated by Cleantech Group on 09/04/2020

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Date Company
01/17/2012

Alstom Alstom

Alstom will use AWS Technology to develop the Costa Head Wave Project, an up to 200 Megawatts (MW) wave energy site located in Scotland

Confirmed by Alstom

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IPO INFORMATION

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Date Investors Type Amount
08/29/2012 Government of Scotland Government of Scotland (1)
Post-money valuation of
AWS Ocean Energy secures £3.9 million funding support from WATERS2 towards the cost to design, build and launch a project to prove its AWSDIII Wave EnergyConverter at full scale.
Grant $6,247,930
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