Joined forces to develop wave power stations

The agreement seeks to combine the expertise of the collective companies to transform the Inertial Sea Wave Energy Converter (ISWEC) pilot project into a programme for large-scale construction for immediate application and use. Fincantieri will offer its industrial and technical shipbuilding skills to optimise the design, construction and installation phases of the production units. ISWEC is a new system that converts energy generated by waves into electricity. Eni installed the project at its Ravenna offshore test site. Under the terms of the agreement, Eni will share its findings from the ISWEC plant pilot project with the joint working group. The goal is to explore together the potential for projects to be launched on a large scale, including abroad. CDP will promote the project with public administrations and institutions involved and will share its economic-financial skills to evaluate the most appropriate of financial support forms to the initiative. Terna will contribute by developing the study of the best possible options for connecting and integrating the energy production system with the electricity grid, including the integration with hybrid systems made up by conventional production, photovoltaic power stations and storage systems. The first industrial installation is expected to be connected to an Eni offshore production site by 2020.