DEXAWAVE Energy ApS establish new company in Malta
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DEXAWAVE Energy ApS has established a development company in Malta in collaboration with Euromed Co Ltd, a local developer of energy efficient solutions.
The purpose of the company is to analyze and test the ability to exploit wave energy and the conversion to electrical energy in the Mediterranean Sea, and the overall objectives are: - Reducing CO2 emissions - Enhance the energy supply of Malta - Produce renewable energy at competitive price - Create jobs in the energy sector in Malta - Exchange experience in energy technologies
The test will include testing in actuel waves in the sea around Malta, during which wave conditions are analyzed and converted into estimates of energy production in full scale. In addition, as a result of the test being made assessments on environmental conditions, connection of sea cable, impact on energy supply and grid connection etc.
"The big question for us is whether the energy content of the Mediterranean Sea are sufficient to deliver a competitive and secure energy supply," says Lars Elbæk, Director of DEXAWAVE Energy Ltd., and now also chairman of the board of the new company in Malta.
The test project is expected to start in december 2010, an run for a period of 18 month.
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