TWEFDA: COMBINED WAVE ENERGY CONVERTER & GREEN STORAGE
Where the future
begins to change...
This Scottish company is developing a revolutionary new way of generating unprecedented levels of energy. This will come from waves and will store large amounts of energy in the greenest way possible in the National Grid. With the use of the tidal range, we have a potential to deliver more energy.
In line with the 17 UN Sustainable goals, our vision is to make a major contribution to solving our collective environmental challenges, by revolutionising the generation of renewable energy globally.
We aim to be a more affordable and environmentally focused group. By storing large amounts of energy we will be addressing two of the biggest challenges the energy industry has. In order to allow our children and the future generations to enjoy a secure and positive future.
In terms of the strategy, the process of commercialisation is divided into 3 stages which are shown in Figure 7 and Figure 8:
Stage 1 (Short Term): TWEFDA Ltd will license its 10 areas of innovation (see Figure 7 for details) to established companies in the Wave and Storage market.
Stage 2 (Long Term): A Eurogia or a CET Partnership project will bring together industrial partners, at least 6, to complete the development process from TRL 3 (Technology Readiness Level) onwards creating their own IP that they will exploit. In addition, they will manufacture the TWEFDA Association of the future.
Stage 3 (Exit): After 3-4 years, when TRL 5 is achieved, one or more commercial Industrial Partners will take over, supported by TWEFDA Ltd, taking the technology to a fully commercial stage, delivering the TWEFDA Association.