“We continue to strengthen our partnerships across key markets. In Barbados, we are formalising an agreement to deploy a pilot wave energy farm building upon our existing Memorandum of Understanding. In Gran Canaria, we remain in close contact with the government regarding the development of a pilot wave energy farm on the north coast. In Martinique, we have deployed a wave data buoy at the selected site, advancing our project to the next phase,” said Michael Henriksen , Wavepiston’s CEO.

“At the same time, significant effort is channelled into our investor dialogues to secure our next round of equity. It is taking longer than expected, although some would argue that is according to expectation. Reflecting on broader market conditions, the strategic need for renewable energy, security of supply, local production, independence on fossil fuels, resilience, and water is clearer than ever. Wavepiston will play an important role in the future energy and water supply,” Henriksen concluded.