Wello’s CEO interviewed by SalkunRakentaja


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Investment goal surpassed thanks all current investors.


Espoo, Finland, 15 April 2019: Wello has surpassed its minimum crowd funding goal of 1 million euros thanks to investors. On Wednesday the 10th of April, Wello surpassed its lower limit of their equity crowd funding goal of 1 million euros. Investors from all round the world have helped us reach this initial goal, Germany, […]


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Wello concept welcomed in India for two wave energy parks


Espoo, Finland, 10 April 2019: Wello, the market leader in wave-energy conversion technology, has recently signed a Letter of Intent with Ixin Group. In collaboration with the Indian government, Ixin is interested in acquiring Wello’s Penguin Core package for the construction of a 20MW and 10MW wave energy parks. They would be deployed on the […]


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Wello sets out to fulfill 10% of worldwide clean energy needs by harnessing the power of ocean waves


Espoo, Finland, 28 March 2019: Wello, the leading technology company in ocean-wave energy conversion, announces a brand new funding campaign on Invesdor. Starting today and until April 23, 2019, Wello is looking to raise €1M-€2.5M in exchange of equity between 4.34% and 10.18%. Through Invesdor, Wello is offering its shares at a minimum investment of […]


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Nine year old Penguin prototype reaches end of a long deployment


After a long deployment, on March 22nd, the Penguin prototype sank at EMEC test site. This marks the end of the first test period in the EU funded CEFOW-project, which will continue with the new devices. The prototype was launched in 2010 and had been deployed four times altogether. During the testing period, the device […]


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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. The Penguin WEC2 is due to be towed to the European Marine Energy Centre (EMEC) in Orkney, Scotland, where it […]


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Wello News Update, August 2018


The summer is in full swing and so are the team at Wello. With the construction of the Penguin WEC-2 well underway, things are ramping up to be another busy period. The Penguin WEC-2 is being constructed under the clean energy from ocean waves (CEFOW) initiative by the European research and innovation programme, at Netaman […]


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The Penguin hits one year continuous deployment milestone


The Wello Penguin wave energy converter has hit another milestone and is celebrating its one-year anniversary of continues deployment in Orkney, Scotland. The Penguin has been making records for wave energy converters since the summer, being one of the few wave energy converters which have been continuously deployed while producing energy throughout its deployment. The […]


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Wello hits 2M in its crowdfunding goal


After a very successful crowdfunding round, Wello Oy has hit its maximum investing target of €2M. Wello’s investment campaign ran for a month on the crowdfunding investment website Invesdor, offering the chance to purchase equity in the company. The initial crowdfunding goal was set at 1-million euros which Wello surpassed after a week of the […]


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Wello to export Wave Energy Converters to China


The Finnish wave energy technology provider Wello has signed an important contract with the Chinese conglomerate CIMC OEI. This contract paves Wello’s way to the vast Chinese energy market and enables Wello to reach a most competitive position in renewable energy technology markets worldwide. The co-operation begins with a joint research phase for defining an […]


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