The world faces serious challenges in energy production due to growth of global population and industrial needs among other things. It has been estimated that the demand for electricity will double in the years to come.
Currently more that 60% of the electricity is produced with fossil fuels. As over 75% of the earth’s surface is covered by water, the huge energy production potential of wave energy is raising increasing interest.
The Wello Penguin wave energy solution represents a way of producing sustainable energy in a harmony with the environment. The Penguin vessels float on water and capture kinetic energy, which is then turned into electrical power. The vessels are positioned away from the wave breaking zone. Instead of complex fixed structures on the sea bed, the Penguin converters float on the surface with only minimal anchoring attached to the bottom. The Wello approach to energy production is sustainable, discreet and non-disruptive.
This is what we call pure energy.
At Wello we care for the environment but also for corporate responsibility.
Our business creates jobs as manufacturing of the Penguin device can be done by most shipyards. In addition establishing a wave energy conversion site has positive economic impact on local infrastructure and subsequent investments in services because local installation and deployment work brings employments opportunities for local residents and businesses.