Finnish AW-Energy lands EUR 10 million EU investment

The AW-Energy’s plan to speed up its commercial roll-out gained a major boost yesterday when EU Commissioner Carlos Moedas, EIB Vice President Jan Vapaavuori and CEO of AW-Energy John Liljelund signed a 10-million-euro investment agreement in Brussels. The investment is the first project to be supported by the Innovfin Energy Demonstration Project (EDP) programme. The support of EIB will help to keep the company firmly on the track of commercialisation of their near-shore underwater technology. In 2012, the company installed three 100 kilowatt demonstration units, connected to the grid near Peniche, Portugal. (Good News From Finland)



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