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, Wello received a commitment from Saipem for taking the full responsibility for the deployment and operation ...
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. Thanks to the quick and diligent effort by the members at EVE and BiMEP, in cooperation with Wello they have secured some of the funding ...
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 ...
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.
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.
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...
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.