Offshore giants Saipem sign Memorandum of Understanding (MoU) to optimize Penguin WEC technology


Saipem and the Finnish company Wello OY have signed a Memorandum of Understanding (MoU) to optimize WEC Penguin technology, one of the most promising among the new systems for the production of energy from marine waves. The objective of the agreement is the development of future initiatives in the sector. Leveraging its long experience in […]


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The Basque country welcomes the Wello Penguin wave energy converter to its shores


Penguin will be making its way to The Basque country   In the coming months Finnish based company Wello Oy will be bringing its wave energy converter (WEC) to the Basque country deploying at BiMEP’s site in Armintza. Thanks to the quick and diligent effort by the members at EVE and BiMEP, in cooperation with […]


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The Penguin makes a stop at Orkney


After 14 days at sea the Penguin wave energy converter (WEC2) has made its to Orkney, Scotland where it is eagerly awaits a quick and timely deployment. The Penguin WEC2 is Wello’s first full-scale commercially ready wave energy converter. Wello has previously tested it’s prototype the Penguin WEC1 at Orkney where it surpassed the expectations […]


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Wello’s WEC2 Penguin ready to depart Tallinn shipyard towards Orkney, Scotland


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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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