Wavegen acquired by Voith Siemens Hydro

24 May 2005

Voith Siemens said it envisages its future strategic orientation, jointly undertaken with Wavegen, in the commercialisation of existing technologies for near-shore power stations, with locations for a number of projects already identified.

Consulting, concept, operating and maintenance services for wave-to-wire plants, as well as the development of new technologies for energy generation from ocean currents, are also part of the future activities of the company. Along with in-house research and development activities, these developments will be backed by strategic partnerships with manufacturers, operators, asembley companies and research institutions, as well as local partners.

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