AW-Energy tapped for green hydrogen project in Namibia

AW-Energy tapped for green hydrogen project in Namibia WaveRoller wave energy farm under water. Source: AW-Energy Oy. License: All Rights Reserved.

Finnish wave energy technology developer AW-Energy Oy has inked a memorandum of understanding (MOU) to provide its technology for the development of a project for hydrogen production from renewable energy sources, including wave energy, in Namibia.

The MOU was inked with Kaoko Green Energy Solutions (Pty) Ltd and concerns the Finnish firm’s WaveRoller device that converts ocean wave energy to electricity.

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The project will be realised in three stages, starting with a detailed site design, including the manufacturing and deployment of a WaveRoller wave farm on the coast of Swakopmund, western Namibia.

The second stage envisages the assessment of the capacity of wave farms in several locations, while the final stage will be focused on expanding wave energy plants to deliver power to the grid and help provide energy for desalination and green hydrogen projects.

“The current energy shortages in the region have paved ways to explore alternative, untapped and sustainable energy sources. Ocean waves have the potential to provide a sustainable solution to our energy needs and demands,” said Sacky Nalusha, a director at Kaoko Green Energy.

Namibia’s Green Hydrogen Council launched its green hydrogen strategy at the Sharm el-Sheikh Climate Change Conference in November 2022. The country at the time also formally teamed up with Europe to ensure a sustainable supply of raw materials and to develop renewable energy and green hydrogen initiatives.

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Marta is an M&A and IPO specialist with years of experience covering energy deals in the US and EU.

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