Under the demonstration deal, AW-Energy aims to build and deploy a grid-connected 300-kilowatt WaveRoller unit in waters offshore from the town of Peniche, Portugal, for a year-long technology proving programme.

Among the companies making up the consortium are industrial heavyweights Bosch-Rexroth and ABB, renewable energy operator Eneolica, and Portugese wave energy promotion body the Wave Energy Centre.

“The experience of our consortium is a significant asset to the project, and we are thrilled about this real pan-European co-operation,” says AW-Energy chief executive John Liljelund.