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Fortum and DCNS to develop wave power in France

Fortum and DCNS have today signed a Letter of Intent on cooperation in the field of wave power research and development in France. A joint feasibility study for a wave power demonstration project located in France is planned to be starting by the end of 2011. This may open new doors for AW-Energy.

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Fortum and DCNS have today signed a Letter of Intent on cooperation in the field of wave power research and development in France. A joint feasibility study for a wave power demonstration project located in France is planned to be starting by the end of 2011. This may open new doors for AW-Energy.

Fortum has been actively involved in wave energy development since 2007. The company is already participating in two wave power development projects aiming to build demonstration plants in Sweden and Portugal. Offshore wave power technology is being researched in Sweden and nearshore wave technology in Portugal in collaboration with the Finnish company AW-Energy.

WaveRoller, a technology developed by AW-Energy, is now being looked into as one opportunity to be used in the French project developed by Fortum and DCNS.

“The potential of wave power justifies the research investments in wave power plants. We firmly believe that wave power will play a significant part in the next generation renewable energy system”, says Matti Ruotsala, Executive Vice President of Fortum.

Sitra is an active minor shareholder of AW-Energy since 2006.

Additional information

John Liljelund, CEO, AW-Energy Oy, Tel. +358 9 726 2404, firstname.lastname@aw-energy.com

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