TWEFDA: COMBINED WAVE ENERGY CONVERTER & GREEN STORAGE
One tool to help balance the electricity Grid.
Invest in us!
This Scottish company is developing the first and most efficient energy tool that can produce energy generation or storage on-demand from either of each functionalities.
4 machines in one single piece or hardware truly helping decarbonise the Grid since, at any time, the Grid requires either Generation or Storage and our tool can switch from one functionality to the other providing exactly what it is required and at the same time to avoid providing what it is NOT required by the Grid.
The Founder's Story
Dr. John Park asserts that every business case begins with the letter ‘P’.
A business can either address a Pain or deliver a Pleasure.
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Years ago, while leading the Maintenance department in the Iberian pork industry, I encountered an entrepreneur named Carvajal, who was managing the by-products of this sector.
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These by-products posed a challenge but also held valuable fats; Carvajal capitalised on this by charging for their disposal while also selling the fats for cosmetic production.
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One day, Carvajal advised me, “Javier, to achieve true success in life, seek a product that alleviates a Pain and simultaneously offers a Pleasure to others.”
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Years later, after recognising the emerging challenges within the decommissioning industry, I began exploring the potential to repurpose these troublesome assets. I also envisioned that if I could make those large masses to reciprocate with waves, surely there could be a precious resource to harness and I might uncover that sought-after Pleasure.
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My passion for energy resonates with Liberian President Ellen Johnson Sirleaf’s belief that "If your dreams don’t scare you, they are not big enough," as well as Peter Drucker’s insight saying that "the best way to predict the future is to create it."
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TWEFDA Limited was founded on the principle of repurposing Decommissionable Assets to generate and process energy, presenting a multibillion-dollar opportunity for you to engage with through our expression of interest.
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VALUE PROPOSITIONS
Social Benefits | Technical | Environmental | Economics |
|---|---|---|---|
Helping balance the grid mitigates the ineficiencies of the Grid. As taxpayers we all pay for the ineficiencies of the Grid. | Outstanding performance by being hybrid both, in generation and storage mode. | Optimised design to minimise the inherent risk of spillage. | Interactions with offshore assets:
* Generators, such as renewable energy farms allowing them to offset their production by accumulating the energy the grid does not require.
Consumers, such as offshore O&G assets allowing them to meet their decarbonisation goals. |
Decommisioning is a process partially paid by the Government through your taxes. What if we repurpose decommissionable asset? | 3 weight changing mechanisms to improve generation and storage performance. | A biofouling removal mechanism acts as a grating minimising marine life being crushed during the device operation and keeps the hull free of barnicles, algae and others. | Considerable reduction on CAPEX and OPEX. |
We all care about the Global Commons (air, ocean, rivers). We all care about our neighbours in the planet (flora, fauna, ecosystems). TWEFDA has this as a core value. | The ESWave is meant to be towed (not carried) reducing the costs and the demand for specialised equipment. | The TWEFDA Hub has the potential to repurpose O&G decommissioning assets with implications about the carbon footprint of a new manufactured asset. | The TWEFDA Hub has the potential to repurpose O&G decommissioning assets avoiding the construction cost of a new manufactured asset, deferring the decommissionable costs and waiting for a cost reduction as a result of future technology improvements. |
TWEFDA is a company to create value to be reinvested in social value fostering the necessary alignment between social and economic value. | Portable for survivability and maintenance. | Negligible visual impact on the seascape facilitating planning consent. | 5 existing markets of wave, tidal range, storage, flexibility and arbitrage; and 1 market to be potentially created, the Weight Changing Energy market. |
Our Vision
Our vission is to reduce carbon dependency by helping balance the grid with renewable generation and storage in order to allow our children and the subsequent generations to enjoy a secure and positive future.
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In line with the 17 UN Sustainable goals, our vision is to make a major contribution to solving our collective environmental challenges, by revolutionising the flexibility of renewable energy globally.
Next Milestones
