Oceans of Energy
Wave Energy Converter of the Future
Each Crestwing converter is rated at a power between 1 and 10 MW depending on size and position. This is comparable with today’s offshore wind turbines.
Crestwing is unique in being the only wave energy converter with an above 2 MW generator size per device.
Crestwing is aiming at deploying the first commercial park consisting of 2.5 MW wave energy converters in 2025.
Utility Scale Energy Production
Competitive Price of Electricity
Crestwing WEC's utilize a high percentage of the incoming energy from the waves, and efficiently transforms the absorbed energy into production of electricity.
Installed power and energy production depends on each location and so does the MWh price.
After the installation of the first pilot park, the price of electricity produced will be competitive with that of offshore wind turbines.
Crestwing’s floating system is designed to be placed in any ocean depth, and on any type of seabed. This makes parks in locations with deep shores, such as Norway and the US west coast, possible.
The low profile of the system allows Crestwing parks to be placed close to residential areas and military flight zones.
Commissioning, operation and decommissioning of Crestwing converters has no negative impact on the local environment and ecosystems.
Stability & Security in Electricity Supply
Crestwing delivers energy at other times than solar and wind. This increases security of supply for the electric grid, by diversifying the energy supply.
Placing Crestwing converters around offshore wind parks reduces maintenance and operation costs for the wind turbines.
Crestwing is large enough to install significant amounts of solar power on top of them. By placing wind, solar and Crestwing converters together, a large synergy is seen. Such parks have a very stable and reliable energy output.
The Crestwing hull is a simple barge structure that can be manufactured at low tech shipyards. This allows for local manufacturing close to the park location.
All internal equipment are off-the-shelf components from the established offshore and maritime industry. These components are already mass produced and allows for quick scaling of the supply chain.
This enables a quick and cost-efficient scaling of manufacturing without any specialized facilities.
Scalable & Local Supply Chain
On the path to Commercialization
Crestwing is working with leading scientists and PhD students at Aarhus University, Danish Technical University, Stanford, Harvard and Aalborg University on optimizing the system and the first Wave Energy Converter (WEC) pilot park.
The pilot park is planned to begin commissioning in 2025. The supply chain is already in place, with, among others, ABB and Seaflex working closely with Crestwing.
Currently, Crestwing is in dialogue with multiple potential investors and buyers for this park.
If you are interested, we would love to hear from you.