Wavebob and Abengoa are to work together on the research, development and commercialisation of wave energy systems.

The collaboration will last at least six years and will meet increasing commercial wave energy opportunities in Europe and the US.

Wavebob’s wave energy convertor harnesses the power of the ocean to produce clean, low-cost electricity.

At full scale, the device will be capable of producing over 1MW of energy with a 100-unit wave farm, providing power for more than 30,000 homes.