Page 25 - bne monthly magazine October 2022

bne October 2022 Companies & Markets I 25
Slovenia’s Sigma Energy deploys device to convert sea waves into electricity
Richard Lockhart in Edinburgh
Slovenia-based company Sigma Energy, which has developed a device able to convert the energy produced by sea waves into electricity, announced that it deployed the full-scale Sigma WEC prototype device offshore Bar in the Adriatic Sea in Montenegro.
The deployment happened after two and half years of intensive development of the device, which was created to produce clean energy.
“The 30-kW device was deployed in mid-July and shows extremely promising results,” the company said on its website.
The main purpose and objective of the Sigma WEC project is the development, deployment and testing of a full-scale Sigma WEC.
The investment is co-financed by the Slovenian state and the EU’s European Regional Development Fund.
Sigma Energy's main partners are from Slovenia and Serbia.
Along with Slovenia, several other countries are also developing wave energy, among them Australia, China, Denmark, Italy, Korea, Portugal, Spain, the UK and the US.
Wave energy is estimated to have the potential to meet the world’s energy needs and is more reliable than other forms of renewables such as wind and solar power. However, it is relatively underdeveloped compared to other forms of alternative energy.
Sigma Wave Energy Converter
www.sigma-energy.si
www.bne.eu