Ingine

PITCHFEST 2020 Finalist

Website: www.ingine.co.kr/en 

Headquarters: Seoul, South Korea

Year Commenced: 2011

Ocean Theme: Ocean Energy

About: INGINE’s mission is to harness wave power to supply clean, sustainable and affordable energy to remote island and coastal communities. INWaveTM, INGINE’s Wave Energy Converter (WEC) technology, is an innovative method of generating power using the whole range of wave movements, enabling its application even in shallow waters where conventional/existing technologies otherwise have difficulties. INGINE target customers range from off-grid communities in remote islands to city-dwellers of coastal towns, and contribute to energy security and independence, fossil fuel pollution reduction, and boost local economic development.

 
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Take a Deep Dive

Mission: “To harness wave power and supply clean, sustainable, and affordable energy to remote island and coastal communities.”

Solution: INGINE's technology, the INWave™, is an innovative and scalable onshore Wave Energy Converter. The module is composed of a floating buoy nearshore, which harnesses multi-directional wave movements, and a power generating unit onshore. The technology's ability to collect energy from the entire range of wave movements enables its application in shallow coastal waters. 

Wave power collected by the floating unit is transferred to the generating unit by using mechanical ropes. The generated energy is then distributed to the grid or to captive networks. 

How does the ocean inspire you? “The CEO of INGINE, who created our technology, was looking to find a sustainable energy solution for people living in remote islands. Then, he looked at the vast ocean and noticed how strong waves are, how infinite and untamable like wild horses. The energy contained in waves is denser than that produced by the sun or from the wind. Ever since, INGINE has strived to collect the everlasting energy of wild waves to power the lives of communities that live by the ocean.” - Fanny Sauvignon, Business Development Manager.

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