Clean Energy
from Ocean Waves

Wello is the leading technology company
in ocean-wave energy conversion.

Our patented range of devices, the Penguin, is the most durable, efficient solution for harnessing the power of the sea and converting it into direct-to-grid electricity.

Our aim is to enable 10% of worldwide clean energy production by 2050.

Renewable energy is rapidly growing globally. However, the wind does not always blow and the sun does not always shine.
With over 75% of the planet’s surface covered by water, wave energy holds massive potential.

The Penguin is towed to the site, doesn't impact the landscape and the technology advances gets both increasingly efficient and affordable.

The Penguin can be manufactured in any shipyard and doesn't require complicated installation.

The energy collected from waves is directly converted and sent to the grid.

Penguin Core

Wello's main product is the Penguin Core, a package including design, licensing, control software and knowledge base. We offer it to site developers and offshore technology providers for the construction of scalable wave parks around the globe.

The provision of Penguin Core grants IP rights tied to specific sites and is customizable to each client's needs.

See the Penguin in action

WEC (Orkney) and WEC 2 (Tallin)

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Ongoing Projects

Orkney Scotland

Wello has been testing its full-scale grid-connected wave energy converter, the Penguin, in Orkney Scotland since 2012. During this time, the device has survived several storms with up to 18m-high waves.

Nusa Lembongan

In some markets wave energy just makes sense when considering opportunity costs. Nusa Lembongan, an Indonesian island, is a good example of this – for scenic reasons, the installation of solar or wind energy devices would affect tourism. The Nusa Lembongan site, with its 10 MW of installed capacity, is currently the largest in-the-works wave-energy park in the world - powered by Wello.

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We're usually looking for investments upwards of €5000. International investors are welcome.

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For investors

The top Nordic investors believe in us.
How about you?

Why invest in Wello

The need for stable, renewable energy sources is a global megatrend currently worth €1,426 billions – we have the right product at the right time.

Our fast-scaling business model allows us to focus on tech, efficiency, licensing, and support rather than manufacturing.

Our core technology is ready for deployment, has proven survivability under stressful sea conditions, and is protected through patents. With sourcing developments and improved production, we expect to reduce the costs of a Penguin by 30% by 2020.

Excellent track record in lowering energy costs – a trend we expect to contribute further in the coming years.

Invesdor campaign raises €1.71M

A new equity funding round closed on May 2nd, 2019, raising 1.710.078€, or 171% of the original goal.

Wello launches Penguin WEC2 for H2020 CEFOW Array

Finnish wave energy developer, Wello Oy, have launched the next iteration of their Penguin wave energy converter (WEC) into the water in Tallinn, Estonia, as part of the CEFOW (Clean Energy From Ocean Waves) project.