Meed | Norwegian firm to develop Oman wave energy project

Norwegian firm to develop Oman wave energy project

2 May 2024

Oman's shipping and logistics firm Asyad Group has signed an agreement with Norwegian wave energy company Havkraft to explore the development of wave energy.

It is the first project of its kind in the sultanate and across the region.

Havkraft is known globally for pioneering technologies that enable the production of renewable electricity from wave energy.

According to Havkraft Middle East adviser Matt Minshall, wave power has the potential to be the “most eco-friendly and cost-effective route to net zero”.

Oceans cover 78% of the earth’s and waves have the potential for energy with the reliability of a constantly charged battery, and have remained untouched, according to Minshall.

The Norwegian startup reached a breakthrough in 2013 when it successfully developed the Havkraft Wave Energy Converter (H-Wec), which is suited for "all types of wave climates globally."

Since then, the company has launched several solutions, including the deployment of a floating power-plant powered entirely by wave energy.

Havkraft envisages a supersystem – a combination of solar, wind and wave power – to achieve a more resilient and sustainable energy mix while reducing dependence on expensive storage.

Photo: Asyad

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Jennifer Aguinaldo