Company Milestones

Company History

We began our own WEC development process in 2004, and in 2006 a novel PTO concept was patented. From the conceptual design stage, it has successfully completed several development stages such as laboratory testing and wave tank and open sea trials. Extensive R&D effort was focused on the control engineering of the device.


  • 2004

    Tecnalia appoints a multidisciplinary team and a full-time project leader.

  • 2005

    Critical success factors for a WEC concept selection and design.

  • 2006

    International patent filed. Numerical modelling and detailed design.

  • 2007

    Laboratory testing (proof-of-concept). Search for investors.

  • 2008

    Oceantec Marine Energy is founded by Iberdrola and Tecnalia Research & Innovation. This same year, manufacture of the 1:4 scale prototype began.
    This year started the manufacture of the 1:4 scale prototype.

  • 2009

    First phase of the sea trials for the 1:4 prototype.

  • 2010

    Increase of company resources and strategic review of the company.