Wave To Energy

Established in 2021, Wave To Energy developed a state-of-the-art Wave Energy Converter (WEC) system to produce and store green hydrogen offshore. The co-founders, Kourosh Rezanejad and Marzieh Hashemzadeh, developed the concepts of this new technology during their PhD studies and follow-up post-doctoral research activities in prestigious EU universities to turn WECs into economically viable solutions. The proof of concept developed in the laboratory environment demonstrated exceptional high performance in terms of capturing energy of waves. The proof of concept were assessed and verified by independent academic experts and led to multiple high impact articles in international and prestigious journals. Therefore, the commercial product reaches a promising low Levelized Cost Of Energy (LCOE). The co-founders embarked on an entrepreneurial journey and they continued to develop a prototype, expand their technical team, hired a CFO and COO with expertise in operations, business development and finance, and file for EU patents as part of their IP strategy. The CEO, Marzieh Hashemzadeh, is an award-winning woman in marine technology sector. With a core belief a diverse team lead to a higher innovative performance, she gathered a uniquely diversified team across gender, racial, and nationality. The company is recognized among the top eight renewable energy startups and companies in Lisbon, Portugal by F6S.com (https://www.f6s.com/companies/renewable-energy/portugal/lisbon/co).