Nexans awarded landmark wave energy contract in United States

Nexans has been awarded the contract for PacWave South, the United States’ first grid-connected wave energy test facility developed jointly by the US Department of Energy, the State of Oregon, and Oregon State University. PacWave will facilitate the research of innovative renewable technologies.

This major project is a significant step in the American sustainable energy transition and will further solidify Nexans’ position as a pure player in sustainable electrification.

PacWave South consists of four berths that capture the energy generated from the movement of waves and each berth will produce up to 5MW of energy. 

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom. 

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