FOR IMMEDIATE RELEASE
Boosting wave power in Southeast Asia
[Singapore/Deknepollen] – Havkraft AS, a pioneering Norwegian corporation in renewable energy technology, and Neuto Pte Ltd, a leading Singapore-based renewable technology company, have joined forces to spearhead a green transition in Southeast Asia through the harnessing of ocean energies, particularly the Havkraft N-class wave power plant. The strategic partnership was formalized with the signing of a Memorandum of Understanding (MOU) in July 2023, marking the commencement of a transformative collaboration.
Havkraft’s proprietary Technology, which includes revolutionary wave power solutions like the Havkraft N-class, holds immense promise for the renewable energy sector in Southeast Asia. By capitalizing on Neuto’s extensive expertise and regional presence, the Parties aim to accelerate the adoption and integration of this advanced Technology within local markets, fostering a greener and more sustainable future.
Geir Arne Solheim, the founder and CEO of Havkraft AS, expressed his enthusiasm for the strategic partnership, stating, “At Havkraft, we firmly believe in the potential of ocean energies, particularly wave power, to drive sustainable development and address pressing environmental challenges. Partnering with Neuto, a prominent player in the Southeast Asian market, is a significant milestone that will enable us to take our innovative Technology to new horizons, making a profound impact on the region’s renewable energy landscape.”
Andy Low, the founder and CEO of Neuto Pte Ltd, highlighted the importance of this collaboration for the green transition in Southeast Asia, stating, “Southeast Asia presents vast opportunities for renewable energy growth, and wave power holds tremendous potential as a clean and reliable source. By aligning our strengths with Havkraft, we are poised to deliver innovative solutions to our region, accelerate sustainable development, and play a vital role in realizing a green future for Southeast Asia.”
The strategic partnership will focus on three key areas:
Technology Advancement: Havkraft’s proprietary Technology, with its groundbreaking wave power solutions, offers a promising avenue for renewable energy growth in Southeast Asia. Leveraging Neuto’s expertise and extensive regional presence, both companies are determined to expedite the adoption and seamless integration of this revolutionary Technology within local markets, unlocking new possibilities for a sustainable future.
Market Penetration: Neuto’s well-established network and presence in Southeast Asia will play a pivotal role in identifying potential partners, customers, and collaborators who share the vision of embracing innovative renewable solutions. Havkraft aims to tap into Neuto’s vast market insights to deliver meaningful and scalable impact in the region.
Sustainable Growth: Committed to fostering innovation, sustainable practices, and responsible business development, the partnership between Havkraft and Neuto aims to contribute significantly to the overall growth and success of the renewable energy sector in Southeast Asia. By adopting ocean energies like wave power, both companies seek to drive a green transition and mitigate the effects of climate change.
Through this strategic partnership, Havkraft and Neuto aspire to pave the way for a greener and more sustainable future, demonstrating the pivotal role of renewable ocean energies in addressing the world’s environmental challenges.
About Havkraft Solutions AS:
Havkraft Solutions AS is a Norwegian corporation at the forefront of renewable energy technology, with a focus on developing advanced wave power solutions. The company envisions a sustainable future powered by clean and reliable ocean energies. www.havkraft.no.
About Neuto Pte Ltd:
Neuto Pte Ltd is a Singapore-based renewable technology company leading the charge in driving sustainable innovation within the renewable energy market. With a strong commitment to environmental stewardship, Neuto strives to create positive impacts for a cleaner and more sustainable world. www.neutogroup.com.
Picture can be used by media. It shows several Havkraft Arrays in a Havkraft Wave Farm close to shore. Each array consists of 15 Havkraft N-class wave power plants.