Boosting wave power in Southeast Asia

Havkraft, a pioneering Norwegian corporation in renewable energy technology, and Neuto, a leading Singapore-based renewable technology company, have joined forces to spearhead a green transition in Southeast Asia through the harnessing of ocean energies, particularly the Havkraft N-class wave power plant.

The strategic partnership was formalized with the signing of a Memorandum of Understanding (MOU) in August 2023, marking the commencement of a transformative collaboration.

Havkraft's proprietary Havkraft Wave Energy Converter (H-WEC) technology, which includes revolutionary wave power products like the Havkraft N-class, holds immense promise for the renewable energy sector in Southeast Asia. By capitalizing on Neuto's extensive expertise and regional presence, the Parties aim to accelerate the adoption and integration of this advanced technology within local markets, fostering a greener and more sustainable future.

Geir Arne Solheim, the inventor, founder and CEO of Havkraft AS, expressed his enthusiasm for the strategic partnership, stating: "At Havkraft, we firmly believe in the potential of ocean energies, particularly wave power, to drive sustainable development and address pressing environmental challenges. Partnering with Neuto, a prominent player in the Southeast Asian market, is a significant milestone that will enable us to take our innovative Technology to new horizons, making a profound impact on the region's renewable energy landscape."

Andy Low, the founder and CEO of Neuto, highlighted the importance of this collaboration for the green transition in Southeast Asia, saying: "Southeast Asia presents vast opportunities for renewable energy growth, and wave power holds tremendous potential as a clean and reliable source. By aligning our strengths with Havkraft, we are poised to deliver innovative solutions to our region, accelerate sustainable development, and play a vital role in realizing a green future for Southeast Asia."

Overview Of Drilling Methods