STOCKHOLM, Oct. 26, 2020 /PRNewswire/ — Swedish wave energy company, Eco Wave Power (EWPG Holding AB; ECOWVE) , develops a new software for real-time production verification. In addition to guaranteeing production efficiency, it also allows for the timely maintenance of the wave energy power plants.
The company’s R&D and engineering department used extensive analysis of the global wave energy industry and found a strong need for the possibility of real-time production verification, which shall have significant impact on the possibility of the wave energy sector to secure debt financing and also impact on maintenance processes, including cost minimisation and duration.
The ensuing research focused on developing a computer system connected to a wave measuring technology on the one side and to the wave energy conversion unit, on the other side. The aim of which will be to provide a complete and fast live report of the current efficiency status