Wavepiston shared that two professional investors have invested about $980,000 via the Dutch joint venture company, The Blue Line B.V. Credit: Adobe Stock/The Photo Stock Girl
Wavepiston Secures Major Investment to Advance Wave Energy Technology
Wavepiston, a leading developer of turnkey wave energy technology, recently announced a significant investment of approximately $980,000 from two professional investors through the Dutch joint venture company, The Blue Line B.V.
The Blue Line B.V. is a collaborative effort between Connect the Drops, a prominent Dutch investment fund specializing in the water sector, and Unknown Group, a venture capital fund with a focus on energy transition investments.
This substantial investment represents a pivotal moment for Wavepiston as it continues its mission to revolutionize renewable energy by harnessing the vast potential of ocean waves. The funds will be instrumental in further refining Wavepiston’s wave energy technology, accelerating operational growth, and expanding market presence.
The newly secured capital will be allocated towards ongoing technological enhancements, validation of systems in real-world settings, and the cultivation of strategic partnerships to facilitate market entry and expansion.