On July 5, INGINE was invited to a meeting with Wello Oy at the EU Gateway Green Energy Technology Exhibition held in the Intercontinental hotel of COEX.

Wello Oy, a wave-power generation company in Finland, demonstrated the Penguin WEC Technology, a self-wave power generator, at EMEC and the Wave Hub in the UK. Penguin WEC is an offshore type of wave-power generation that requires 50m depth of water.

The two companies agreed to cooperate with each other through mutual marketing of onshore and offshore types and decided to continue mutual exchange of information.