Borealis informed that it will become an official partner of Waves4Power (W4P), a Sweden-based company that develops and sells wave energy systems.
The heart of these systems is the WaveEL buoy – a point absorber – that converts the energy of waves into electrical power, the company explained.
Waves4Power have launched and connected the first wave power system to the Norwegian electricity grid.
At the same time, the company has started the development of the WaveEl buoy “Next Generation”, using polyethylene (PE) for the main body of the new buoys.
Borealis is playing an important role in this development work and will be bringing the sustainability benefits of its Borstar PE materials in terms of light weighting, resource efficiency and corrosion resistance to the strategic partnership.
“Having Borealis as a partner will help us to achieve our goal of having light and corrosion resistant buoys with increased energy efficiency, to achieve overall better sustainability footprint. It will also help to make these systems more affordable,” said Ulf Lindelöf, Waves4Power Chief Executive.
“Borealis wants to help Waves4Power overcome the limitations of their current technology with our time-tried Borstar PE solutions. We believe these materials will play an essential role in taking the next steps in harnessing marine power,” said Gisela Lehner, Borealis Senior Application Marketing Manager. “Partnering up with Waves4Power ties into our Sustainability strategy, where one of the 3 focus areas is Energy & Climate. Here we have set our focus on developing innovations that contribute to increase energy efficiency and use of renewable energy to help achieve the UN Sustainable Development Goal of addressing the Energy Challenge.”