Renewables

Eco Wave Power Sign MOU with MSMART Future Technology Company in Vietnam

Eco Wave Power has signed an MOU with MSMART Future Technology, as the basis for the development of a 50MW wave energy array in Vietnam. 

bfc5f352ef510d43 800x800arThe collaboration between the parties shall be executed in milestones. In the first phase, the Eco Wave Power engineering team, will perform an in-depth feasibility study, at the selected site in Vietnam. The study will include the installation of a wave measurement buoy, for collection of the site’s wave climate. 

Once studies are completed to the satisfaction of the parties, they will work towards the establishment of a Joint Venture company in Vietnam for the development of a 50MW wave energy array. 

“We look forward to demonstrating our solution together with MSMART Future technology in Vietnam, which will support Vietnam’s plan to increase its’ renewable energy sources, while reducing GHG emission by 8% by 2030” says Inna Braverman, CEO of Eco Wave Power. “ 

“The partnership with Eco Wave Power is a compelling fit that accelerates our strategy to expand the MSMART Future Technology’s portfolio towards wave energy.  Together with Eco Wave Power we are committed to applying their disruptive technology to bring innovative wave energy into the Vietnamese market” Says Nguyen Quang Vinh, CEO of MSMART Future Technology.

Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.

Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.

Corporate Offices

Technology Systems Corporation
8502 SW Kansas Ave
Stuart, FL 34997

Phone: +1 772.221.7720