About AW-Energy
AW-Energy is a company based in Vantaa (Finland) founded in 2002. AW-Energy has raised $28.42 million across 12 funding rounds from investors including European Investment Bank, European Union and Business Finland. AW-Energy offers products and services including WaveRoller, Utility Scale Power, and Fast Frequency Response Power. AW-Energy operates in a competitive market with competitors including Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Oscilla Power and CorPower Ocean, among others.
- Headquarter Vantaa, Finland
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$28.42 M (USD)
in 12 rounds
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Latest Funding Round
$2.9 M (USD), Grant
Nov 01, 2020
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Investors
European Investment Bank
& 4 more
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Employee Count
Not available
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Products & Services of AW-Energy
AW-Energy offers a comprehensive portfolio of products and services, including WaveRoller, Utility Scale Power, and Fast Frequency Response Power.
Generates electricity from ocean waves for sustainable power
Provides large-scale wave energy for grid electricity supply
Ensures secure electricity supply through wave-based response
Funding Insights of AW-Energy
AW-Energy has successfully raised a total of $28.42M across 12 strategic funding rounds. The most recent funding activity was a Grant round of $2.9 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AW-Energy
AW-Energy has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include European Investment Bank, European Union and Business Finland.
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Finance and advisory services for infrastructure projects are provided.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Offshore renewable energy research is coordinated by MaRINET2 in Europe.
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Investor details for AW-Energy
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Investments & Acquisitions by AW-Energy
Investment portfolio details for AW-Energy
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Financial Statements - AW-Energy
Detailed financials for AW-Energy
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Aw-Energy Comparisons
Peer comparison for AW-Energy
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Competitors of AW-Energy
AW-Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Oscilla Power and CorPower Ocean, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Ocean energy technologies are provided for intelligent maritime solutions.
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CETO wave energy converters and solar PV systems are provided.
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Modular technology for deep-water offshore wind deployment is engineered.
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Provider of wave energy harvesting system
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Wave energy converter solutions provider
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Provider of wave power and wave energy devices
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Detailed competitors of AW-Energy
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Latest news on Aw-Energy
Complete news archive for AW-Energy
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Frequently Asked Questions about AW-Energy
AW-Energy was founded in 2002 and raised its 1st funding round 5 years after it was founded.
AW-Energy is headquartered in Vantaa, Finland.
AW-Energy is a funded company, having raised a total of $28.42M across 12 funding rounds to date.
Developer of electricity generation technology from ocean waves. It has developed Wave Roller that converts ocean waves into energy and electricity. The wave roller can be fully submerged and anchored and operates in near-shore areas at depths of between 8 and 20 meters. The bottom fixed panel of the device which acts as an oscillating wave surge converter captures the ocean wave energy and converts the movement to electricity using the power storage and hydraulic system. The electrical output generated from this renewable wave energy power plant is connected to the electric grid via a subsea cable.
AW-Energy's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
AW-Energy offers WaveRoller, Utility Scale Power, and Fast Frequency Response Power.
AW-Energy has 5 investors. Key investors include European Investment Bank, European Union, Business Finland, Sitra, and MaRINET2.