What is the BlueInvest Project Pipeline?

See our showcase of innovative projects and entrepreneurs who are shaping the Blue Economy.

Projects consist of innovative, scalable and sustainable business ventures from traditional and emerging sectors of the maritime economy.

The graphs below provide an overview of the country distribution, sector, and TRL of projects currently listed in the BlueInvest Project Pipeline.


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Selection Criteria:

Your company is EU-based or from an eligible sea basin region (Georgia, Turkey, Ukraine, Moldova, Montenegro, Albania, Bosnia-Herzegovina, North Macedonia, Serbia, Turkey, Israel, Egypt, Tunisia, Algeria, Morocco, Lebanon, Syria, Libya, Mauritania, United Kingdom, or Norway)

Your project TRL is 4 or higher

Your project sector is in one of the 10 blue economy sectors identified for this initiative

Your solution has a clear sustainable impact on the blue economy

Your project is looking for investment

Project Country

Country in which the project is being developed and / or implemented. 

Project Sector

Main blue economy sector the project relates to.

Project TRL

Current technology readiness level of the project. 

AW-Energy Oy

Wave energy converter.

  • Blue renewable energy

Company behind project


About Us
Mr. Christopher Ridgewell serves as Chief Executive Officer at AW-Energy Oy. Chris has over 30 years of global experience in the maritime and offshore industries. Prior to becoming Chief Executive Officer of AW-Energy in February 2018 he held the CTO role for 4 years. He previously worked at a classification society in both technical and business development roles in areas such as Baltic, North Sea region, Western Europe, Malaysia, and Japan. Notable projects that Chris has worked on include passenger ships, LNG carriers, military assets and FLNG units. He has also spent 3 years working in ship design software development. Chris? professional accreditation includes Chartered Engineer (UK), European Engineer (FEANI), Fellow of IMarEST and Member of RINA.

Problem we are solving
WaveRoller technology can capture the power in the ocean waves, and convert it to smooth, grid-compliant electricity. The technology has been designed with sustainability factors in mind (e.g. to minimise lifecycle carbon impact), and can support the further deployment of other renewable technologies.
Both the construction of WaveRoller devices and the operation and maintenance activities of a deployed project provide multiple jobs connected to the Blue Economy. Since this is a new industry, these will be new jobs.

Sustainable Impact on Blue Ecconomy
WaveRoller provides a reliable, stable and predictable source of renewable energy that compliments more intermittent technologies such as wind and solar. WaveRoller taps the unused ocean energy resource that is readily available also for many locations where other renewable energy sources cannot be fully utilised. In certain locations, the peak production periods for wave energy are inversely correlated with wind and/or solar production, therefore providing a solution that not only supports carbon-reduction targets but also adds to the stability of the local electricity grid.

  • TRL 7 - System prototype demonstration in a relevant environment

  • Readiness Assistance Beneficiary

Financial Needs10000000.00

Planned Funding Allocation
  • Other, please specify