Danish wave energy startup Wavepiston has raised €900,000 in funding from The Blue Line B.V., a Dutch joint venture backed by Connect the Drops and Unknown Group. Connect the Drops specializes in water-focused investments, while Unknown Group supports ventures in the energy transition. The funding will be used to enhance Wavepiston’s technology, validate its system in real-world conditions, and establish strategic partnerships for market entry. By converting wave energy into clean electricity and fresh water, Wavepiston aims to revolutionize renewable energy and water security, aligning with the growing global push for sustainable solutions.
Wavepiston is developing wave energy technology to address global challenges in renewable energy and water security. By harnessing the power of ocean waves, the company aims to provide a predictable and consistent energy source while enabling clean water production through desalination. With a focus on innovation, real-world validation, and strategic partnerships, Wavepiston is working to integrate wave energy into the global renewable energy mix. The company envisions a future where wave energy plays a key role in reducing fossil fuel dependency and enhancing water access, contributing to the broader transition toward sustainability.
“Innovation and sustainability go hand in hand”, said Jan Otto Ooms, founder of Connect the Drops. “By harnessing wave energy to produce clean drinking water, we take a significant step toward a future where renewable energy and water security come together”.
The investment round was supported by Ronald Beuk and Generous Minds: “Wavepiston is a unique game-changer bringing wave energy to the world. We are pleased to have onboarded The Blue Line as an impact focused strategic investor.”
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Read the orginal article: https://arcticstartup.com/wavepiston-raises-e900k/
