No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home GREEN

Oslo-based Ocean Oasis secures €6 million to turn wave power into freshwater

EU Startupsby EU Startups
August 28, 2024
Reading Time: 3 mins read
in GREEN, IBERIA, SCANDINAVIA&BALTICS
Share on FacebookShare on Twitter

Ocean Oasis, a pioneering Norwegian cleantech company secured a €6 million grant from the European Union to advance its innovative wave-powered desalination technology. This substantial funding will support the development and deployment of the first fleet of offshore desalination buoys aimed at addressing water scarcity on the Spanish island of Gran Canaria.

The €6 million grant, awarded by the European Executive Agency on Climate, Infrastructure and Environment (CINEA) under the Circular Economy and Quality of Life Programme, marks a critical milestone in Ocean Oasis’ mission to provide sustainable freshwater solutions. The project, named DESALIFE (Desalination for Environmental Sustainability and LIFE), will harness the abundant wave power off the coast of Gran Canaria to convert seawater into potable water, benefiting up to 15,000 people in the region.

The Canary Islands, situated off the west coast of Africa, have long grappled with water scarcity. With local water resources under pressure, the islands have increasingly relied on desalination. However, traditional desalination methods often come with high energy costs, carbon emissions, and environmental concerns such as brine discharge. Ocean Oasis’ wave-powered technology offers a zero-emission alternative, producing freshwater without increasing energy consumption or environmental impact.

Kristine Bangstad Fredriksen, CEO and Co-founder of Ocean Oasis, expressed her enthusiasm for the project, stating, “At Ocean Oasis, we believe that renewable energy, particularly wave power, holds the key to a future where clean water is both accessible and abundant. The DESALIFE project represents a significant step forward in demonstrating our technology’s potential, not just for the Canary Islands, but for coastal communities worldwide.”

Ocean-Oasis-Buoy
Ocean Oasis Buoy

The €6 million EU grant will fund the construction and deployment of floating desalination buoys, which will be tested in deep waters off Gran Canaria’s north coast. This location was chosen for its favorable wave conditions and its proximity to existing desalination facilities, which will integrate the offshore freshwater production into the island’s water supply.

The project involves a consortium of key partners, including the Canary Islands Institute of Technology (ITC), The Oceanic Platform of the Canary Islands (PLOCAN), the Group for the Research on Renewable Energy Systems (GRRES) of the Universidad of Las Palmas de Gran Canaria (ULPGC), and elittoral, a consultancy specializing in coastal and oceanographic engineering.

Miguel Hidalgo, vice president of the Gran Canaria Island Water Council, emphasized the strategic importance of the DESALIFE project: “This initiative not only strengthens our commitment to renewable energy but also aligns with our broader goal of transitioning toward a sustainable, energy-efficient, and climate-resilient economy.”

The DESALIFE project aims to have its first pre-commercial buoys operational by mid-2026, paving the way for scaling the technology to other islands in the archipelago and beyond. If successful, this pioneering approach could provide a blueprint for addressing water scarcity in coastal and island communities globally, all while minimizing environmental impact and promoting renewable energy use.

Read the orginal article: https://www.eu-startups.com/2024/08/oslo-based-ocean-oasis-secures-e6-million-to-turn-wave-power-into-freshwater/

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

DACH

PayFit cofounder raises €16m seed for new defence tech startup

May 17, 2025
GREEN

Biofuel firm proposes 12MW data center in Port Talbot, South Wales

May 17, 2025
DACH

German search engine Ecosia unveils new climate impact experience for users, shifting away from tree planting

May 16, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Venture capital investments top €1.3bn in 208 rounds as of Sep30  in Italy. They were €1.5 in all 2023. The new BeBeez Report

Venture capital investments top €1.3bn in 208 rounds as of Sep30 in Italy. They were €1.5 in all 2023. The new BeBeez Report

October 28, 2024
Next Post

France-based WATTALPS a European lithium-ion battery startup secures €11 million

“Lost in the 1930s” — rise of the far right rattles east German startups ahead of elections

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart