Norway Grants

beach, sea, wave

EEA/Norwegian Financial Mechanism 2014-2021

“Replacement of Obsolete Wave Energy for the third generation”

Project number: BIN SGS01_2020_026

funded under the Norwegian Financial Mechanism Programme

Business Development, Innovation and SMEs (BIN)

Project Promoter

niore Energy, s.r.o

Oponice 111, 95614 Oponice


Identification number


Project name

Replacement of Obsolete Wave Energy for the third generation

Project number

BIN SGS01_2020_026

Programme Area

Green Industry Innovation

Starting implementation date

10 September 2021

Planned end of implementation

31 August 2023

Last date of eligibility

30 April 2024

Project outcome

Increased competitiveness of Slovak enterprises

Project output

Start-ups supported for business growth

Project Partner


Godesetdalen 10, 4034 Stavanger


Identification number


Project Budget

Project budget in Euro


Project Promoter

Project Partner

Total eligible expenditures

177 500,00

163 700,00

13 800,00

Project grant*

159 750,00

147 330,00

12 420,00

Grant rate



Working together for a green, competitive and inclusive Europe

Project Aim

The aim of the project is to develop a feasibility study WEC from the point of view of business cases and from the point of view of performances and capacities of WEC – construction of a functional model of a sea wave energy converter and testing of its technical parameters.

The project will significantly meet the EC targets set for 2050 to decarbonise the economy by at least 50%.

A substantial step will be taken to put the energy converter into the production cycle and thus make it possible to smooth out the undesirable volatility of production from RES.  


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