Swedish-based Waves4Power has appointed Emil Christiansen to the role of President and CEO of the company which is now looking for financing for the next phase of its wave power system development.
Having held leading positions in various industrial companies engaged in global volume production of both products and services, Christiansen joins Waves4Power from his most recent engagement at Toyota.
He is succeeding Ulf Lindelöf – Waves4Power’s former CEO, who left the position in November 2017 due to disagreement with the company’s board on the future governance of the enterprise.
Christiansen said: “I see an enormous potential in Waves4Power’s solution. With us we have strong partners who share and work together with us to achieve our vision. Waves4Power will generate a better future by providing renewable energy from ocean waves.”
Together with the new CEO appointment, Waves4Power also announced it is looking for financing for the development of the next generation of its wave power systems.
The system was tested at Runde off the Norwegian west coast, and according to the company, it is set for further adaptation and development to meet the market demands.
The ultimate goal of Waves4Power, according to the company, is to create an established presence in the market, reduce costs by half, and prepare for mass production.
Potential customers for Waves4Power’s wave energy solution have been identified in fish farming, and oil and gas sectors, as well as those situated in remote island communities.