Wavepiston secures €770K in successful equity crowdfunding

We have raised €770K through our equity crowdfunding campaign on the Seedrs platform, exceeding the original target. The successful pledge for working capital has attracted more than 800 investors.

CEO Michael Henriksen: “We are extremely happy about the confidence and support we have seen once more from existing and new investors. As always, we will do our utmost to live up to this trust working hard and focused on bringing wave energy to the world. We want to make a large positive impact for the benefit of the climate and people around the world.”

This funding will be instrumental in further demonstrating and commercialising Wavepiston’s groundbreaking wave energy technology. As a testament to our progress, we have just completed the installation of a new full-scale energy collector on our demonstration system at the PLOCAN site in the Atlantic Ocean off the coast of Gran Canaria.

In the coming period, more energy collectors will be added to the Wavepiston system, contributing to demonstrating time series of data from the full-scale system. We will in parallel continue technology development and the project development of the first commercial pilot wave farms.

These activities will pave the way for strategic partnerships in 2025 with investors and partners possessing a broad industry network and invaluable scaling experience within the offshore and renewables sectors.