Wello and BIDC sign commercial agreement
Monday 08 August, 2022
Finnish wave technology provider Wello Oy and the Barbadian Barbados Investment and Development Corporation (BIDC) (now Export Barbados (BIDC)) signed an agreement for deployment of a 5 MW wave energy farm in Barbados.
Wello and Taiwan’s NTOU sign to deploy wave energy in Taiwan
Wednesday 02 June, 2022
Wello is excited to announce the signing of an MOU between Wello Oy and National Taiwan Ocean University’s Centre for Ocean Energy Systems (NTOU) for the exploration, and deployment of Wello’s wave energy converter in Taiwan.
Penguin hit by a floating object
Saturday 01 Janurary, 2022
here was a minor leakage detected inside the Penguin WEC by the remote-control system a couple of weeks ago. Wello decided to bring the WEC to harbor for inspections and necessary repairs.
After examination of the vessel, it was determined by the port authorities that the breach was caused by an
Penguin Deployment Update
Sunday 12 December, 2021
Penguin WEC-2 wave energy converter has been deployed off the coast Armintza, Basque Country, Spain since August 2021. In December 2021 the WEC was towed to harbor Vizcaya for inspection, maintenance, and repairs.
Doing what no one else has, full scale wave energy generation
Wednesday 08 September, 2021
Now Wello’s Penguin wave energy converter has started to generate electricity to the local Basque grid from the ocean. This is a feat, that few other developers have managed, full-scale real world wave energy generation, read in full in the article
Wello is transforming Basque energy as they deploy their wave energy converter off coast of Bilbao
Wednesday 28 July, 2021
Sustainable wave energy has just arrived at the Basque Country. Wello’s 600 kW Wave Energy Converter has been deployed at the Biscay Marine Energy Platform off the coast of Armintza., read in full in the article
Wello Autumn Update
Tuesday 25 May, 2021
Wello's Penguin wave energy converter has reached Bilbao!!! It's making a quick pit stop for port-side commissioning before making its way to BiMEP where it'll generate wave energy to the Basque grid! The future of energy is starting to look greener, and Wello has a simple solution to harness the energy in the ocean’s waves. , read in full in the article
Wello Autumn Update
Wednesday 11 November, 2020
Wello's Autumn update! With the support from ENEL Green Power and Saipem, Wello will be undertaking a round of technology development in the coming months. Towing the Penguin Wave Energy Converter to Armintza and the latest schedule, read in full in the article
The Penguin begins its journey to the Basque Country
Tuesday 29 September, 2020
On Saturday 26, October, the Penguin Wave Energy Converter (WEC) left Orkney where it has started its final journey towards the Biscay Marine Energy Platform (BiMEP) in the Basque country. The two-week trip will be towed by the En Avant 30 tug...
Saipem sign commitment to deploy Wello’s new Penguin Wave energy converter.
Sunday 27 October, 2019
The Wello team have been in long lasting discussions with a world leader in engineering activities and in the development of major energy and infrastructure projects, Saipem. On Friday 25th October...
Offshore giants Saipem sign MOU to optimize Penguin WEC
Tuesday 8 October, 2019
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 Basque country welcomes the Wello Penguin wave energy converter to its shores
Friday 6 September, 2019
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...
The Penguin makes a stop at Orkney
Wednesday 24 July, 2019
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...
Wello's WEC2 Penguin ready to depart Tallinn.
Wednesday 24 April, 2019
Wello's WEC2, an optimized Penguin model based on proven technology, is now complete and ready to depart the Tallinn shipyard over the next few days, to be towed towards Orkney, Scotland. The new device will be installed by the coast as soon as it arrives.
Wello's CEO interviewed by SalkunRakentaja
Thursday 18 April, 2019
SalkunRakentaja has interviewed Wello's CEO, Heikki Paakkinen, in a piece titled Wello Oy:n perustaja ja toimitusjohtaja Heikki Paakkinen: “Meillä on potentiaalia eksponentiaaliseen kasvuun!"
Investment goal surpassed thanks all current investors
Monday 15 April, 2019
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, Sweden, Mexico, USA, the UK, Norway, Italy and Netherlands to name a few.
Wello concept welcomed in India for two wave energy parks
Wednesday 10 April, 2019
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 West coast near Mumbai...
Wello sets out to fulfill 10% of worldwide clean energy needs
Monday 25 March, 2019
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 140 shares, at a share price of €3.73 per share.