Erkki KASANENBusiness Development Manager

AW-Energy Oy

AW-ENERGY LTDWAVEROLLER PRESENTATION

May 2015 / Erkki Kasanen

WaveRoller – near-shore osci l lat ing wave surge converter

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Prototypes 2002 - 2014

Finland

EMEC

Portugal

Portugal

WaveRoller 300 kW demonstration power plant (2012-2014)

• Funded by EU FP7 program• Three units, 100 kW each• Grid connected• Located in NATURA 2000 area • Performance validated by DNV-GL

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First in the industry to obtain external performance verif icat ion

“The results demonstrate AW-Energy’s adherence to the industry best practices. This positions the WaveRoller technology at the forefront of the wave energy industry.”

Joao Cruz, Head of Wave and Tidal Energy at DNV GL

Recent success in Technology demonst-ration, validation and commercialization

06/2013 // Fortum, DCNS, AW-Energy and Bretagne Region cooperate on wave power demonstration project in France

12/2013// AW-Energy to invest in 1.5MW dry test facility. Test facility in operation in June/2015

02/ 2014 // AW-Energy to release independent performance validation prepared by DNV-GL. Results are well in line with all the expectations

08/2014 // WaveRoller named among top 2technologies and selected as finalist in ESBi’sWest wave project

12/2014// WaveRoller™ Aces Atlantic Challenge

AW Energy has received a clean bill of health for its prototype WaveRoller converter following a detailed inspection by Lloyd’s Register after being trialled at a test site off Peniche, Portugal

2/2015// WaveRoller technology certification program progressing as planned, Statement of Feasibility issued by Lloyd’s Register