Aker Solutions prepares the Langlee E2 for construction

2010-05-11

Aker Solutions has been chosen as our strategic partner to complete the design of the Langlee E2. With core competence within offshore engineering and construction, Aker Solutions will complete engineering and prepare for construction based on DNV standards. The Langlee full-scale demonstration unit will be installed at Runde Island, Norway, in the fall of 2011.

Article in oilinfo.no 11-05-2010 press here

Article in Fiansavisen 10-05-2010:

Meet us at All-Energy 2010!

2010-05-10

Langlee Wave Power is for the fourth time exhibiting at the All-Energy show. The 19 & 20th of May 440 exhibitors are participating in one of the world lagest renewable energy exhibition held in Aberdeen. You will find us in the Norwegian Pavillion at stand J80. We look forward to see you, welcome!

Share issue of 5 MNOK completed in March 2010

2010-05-11

Share issue of 5 MNOK completed in March 2010. Langlee Wave Power AS has since the foundation in 2006 raised NOK 15.9 mill. in equity and sourced NOK 9 mill. from grants.

The main shareholders are:

New Tracks Development AS (43%)

Färna Invest AB (49%)

Svein M. Nilsen AS (4%)

Fredrik Anderson (3%)

Employees (1%)

Fearnley Fonds ASA acted as financial adviser for Langlee Wave Power

2010-01-04

Fearnley Fonds ASA acted as financial adviser for Langlee Wave Power in January and February 2010.

Langlee Wave Power receives grants of 5 MNOK from the Research Council of Norway

2009-12-17

The Research Council of Norway has granted support of NOK 5 mill to Langlee Wave Power related to R&D activities for the next two years.

The grants supported is related to initiatives for increasing the overall efficiency of the system by improving specific areas of the wave power converter.

Throughout 2009 Langlee has been granted a total of NOK 7 mill from Skattefunn, Innovation Norway and NRC, and has succeeded in raising NOK 6.7 mill through share issues.

Read the article here.

Successful test program at Aalborg University

2009-12-07

The test program of the Langlee wave power converter, finalized in August 2009, was carried through in cooperation with a utility company. The 1:20 scale model was tested in «North Sea wave climate» and the objective was to verify stability and energy production previously calculated from computer simulations.

The responsible for the test program at the Wave Energy Research Group at Aalborg University, says:

“The Langlee system works. This wave power concept is both innovative and interesting. The system is characterized by its simplicity, few moving parts, and the floating installation is well designed to handle extreme loads e.g. it has no end stops. The tests we have conducted at Aalborg University showed reasonable efficiencies for given wave climate, and the system excels also in that it utilizes small and medium sized waves well.”

Jens Peter Kofoed – Associate Professor, Ph.D., M.Sc.

Aalborg University

Department of Civil Engineering

Turkey's Ünmaksan taps Langlee for $167M wave-power plant

2009-08-25

Cleantech.com, August 24, 2009

Norwegian wave energy developer plans to deploy a pilot in 2010, followed by a 24-MW commercial facility.

Read the article here.

Norsk bølgekraft i milliardprosjekt

2009-08-20

Kraft: Gründer Julius Espedal i Langlee Wave Power har brukt tre år og ni millioner kroner på å utvikle ny bølgekraftteknologi, Nå får han det tidobbelte i lisensinntekter.

Les hele artikkelen her.

Klikk på bildet for faksimile fra

Finansavisen 19. august 2009.

Langlee Wave Power system - steps closer to commercial breakthrough

2009-08-19

PRESS RELEASE 19^th of August 2009

(Asker, Norway) The Norwegian wave power innovator Langlee Wave Power has signed a Letter of Intent (LOI) with the Turkish energy company Ünmaksan to build a 24 MW wave power facility worth approximately NOK 1 billion following pilot facility testing.

“Ünmaksan has analyzed more than 70 different wave power concepts, and we believe Langlee has the most robust technology and cost-effective solution,” says Ünmaksan’s Managing Director Mr. Serhat Kan. “The agreement with Langlee is a promising starting point in the development of Turkey’s wave power resources” he continues.

Phase 1 of the agreed project is a prototype designed for typical wave conditions near Turkey’s coastline; the pilot facility will be developed during 2010. Following testing of this pilot installation, Ünmaksan and Langlee are to develop a full-scale wave energy farm with an electric power generation capacity of 24 MW, at a total investment cost of approximately NOK 1 billion.

Langlee’s license fee revenues for the Ünmaksan project are estimated at approximately NOK 90 million.

“Our collaboration makes Langlee and Ünmaksan pioneers in the capture of wave energy for powering homes and businesses in this commercially important region. The partnership also ensures local access to academic, technical, and commercial expertise; yard construction capacity; and other resources necessary to achieve our ambitious goals,” says Langlee’s CEO Julius Espedal.

For further information, please contact:

Julius Espedal, CEO, Langlee Wave Power AS

tel: +47 900 44 104

julius@langlee.no

About Ünmaksan

Ünmaksan, a Turkish energy company specializing in renewable energy, is part of the Altintas Group. The Altintas Group consists of 8 companies related to ship building, shipping, energy and marble production. Ünmaksan recently was licensed by the government of Turkey to develop and install coastal wave power sites, the only such award in the country.

About Langlee Wave Power AS

Langlee Wave Power has developed unique technology for converting the power of sea waves into electric power. Headquartered near Oslo, Norway, Langlee systems use proven offshore technologies; processes and systems are being certified by Det Norske Veritas, DNV. Langlee is planning to install its first pilot facility, on a scale of 1:2, early in 2010 at a coastal Norway site.

EDITORS:

Wave power is an important emerging renewable energy source. The Langlee wave power converter captures a greater proportion of wave energy than alternative systems — and is designed for the moderate wave conditions found near major coastal population centers. Further background information is available at Langlee’s website: www.langleewavepower.com.

Success at All-Energy '09

2009-05-26

The All-Energy exhibition and conference is the UK’s largest event devoted to renewable energy. The ninth in the annual series was held in Aberdeen on 20 and 21 May 2009.

Langlee Wave Power was present together with Innovation Norway, and the exhibition turned out to be a huge success with tremendous interest.

See video from the exhibition here.

Click on picture for facsimile from

The Press and Journal 21st of May 2009.

Langlee Wave Power is on the Nordic Cleantech 50 list

2009-05-18

Langlee has been selected to be one of the 50 most promising Nordic Cleantech companies.

The Cleantech Group™, LLC, and Cleantech

Scandinavia released the first ever report into 50 top cleantech start-up and growth companies in the Nordic market and Langlee Wave Power was selected as one of the companies.

The list does not rank the 50 in order but rather provide a good spread of companies by country of origin, development stage and cleantech segment / industry.

You can read more about the project as well as the evaluation and selection crietria by clicking the logo above.

All-Energy '09 - meet us at the Norwegian Pavillion

2009-05-18

You will find Langlee Wave Power at the Norwegian Pavillion - stand A40

Together with a presentation of our 1:20 scale model, our team is looking forward to tell you all about our technology and the upcoming 1:2 prototype demonstration project. Find out more by clicking on the All-Energy logo above.

Wave technology to the surface

2009-05-26

Et av Norges få bølgekraftselskaper har nå kommet et viktig skritt videre mot etablering av et bølgekraftverk. En vellykket konseptstudie vil nå kunne bane vei for videre utvikling.