Renewable energy company WaveGen Energy has completed testing of its 200 W proof of concept (POC) at the National Institute of Technology Karnataka (NITK), demonstrating wave energy technology that could surpass current efficiency standards in the sector.

According to WaveGen, its patented technology can generate electricity with a 52% efficiency rate, compared to the industry standard of 20%. In addition to power generation, the system is designed to desalinate seawater and serve as a coastal erosion barrier.

“Recently, we successfully tested our 200W Proof of Concept (POC) at NITK, showcasing the real-world potential of our innovation,” Thaneshwar Singh, Director of WaveGen Energy said in a social media post.

“Now, we are looking for investors and strategic partners who share our vision of making India a global leader in wave energy. The blue economy is the future, and early adopters will be at the forefront of a trillion-dollar shift toward sustainable energy.”

The company is seeking investors and strategic partners to scale up the technology for commercial deployment.