Wello has developed the Penguin wave energy convertersolution, which is based on a floating vessel that captures the kinetic energyof waves and converts it into electrical power with a generator.
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Fortum into third wave project
Finnish energy group Fortum said it continues its research investments in wave power technology development by acquiring a 13.6 percent stake in Wello Oy. This means that Fortum has three big wave power projects running.
