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Wave Energy Harvesting Company WELLO Raises 3M Euro

25.05.2012 14:04

May 15, 2012



The wave energy harvesting company Wello from Espoo raises 3M Euro investment round from VNT Management Ltd, an investor in cleantech.

Wello is an innovation company with a focus on creating an ecological solution to harness one of the world's greatest renewable energy sources, the ocean. Wave energy offers enormous potential while causing minimal impact on the environment.

The founders of Wello have an extensive background in marine engineering and sustainable energy technology. Their skill and passion come to life in The Wello Penguin, a result of cutting edge engineering and care for the environment. With rigorous physical testing about to begin, the Penguin vessels are preparing to set out to sea and enter the commercial market.