EEA/Norwegian Financial Mechanism 2014-2021

Project Title:

“Replacement of Obsolete Wave Energy for the third generation”

Project number:

BIN SGS01_2020_026 funded under the Norwegian Financial Mechanism and the state budget of the Slovak Republic Programme Business Development, Innovation and SMEs (BIN SGS01)

Important links


Miroslav Novák - niore Founder

We are very grateful for the support. Cooperation with a Norwegian partner opens up new possibilities for the development and implementation of our visions.


Working together for a green, competitive and inclusive Europe!

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.

Niore Energy s.r.o. benefits from a 147 330 € grant from Norway through the Norway Grants. The project has been co-financed from the State Budget of the Slovak Republic in the amount of 15% of the state budget of the Slovak Republic Hereby, we would like to thank the providers for obtaining this grant.

The Norway Grants represent the contribution of Iceland, Liechtenstein and Norway towards a green, competitive and inclusive Europe. There are two overall objectives: reduction of economic and social disparities in Europe, and to strengthen bilateral relations between the donor countries and 15 EU countries in Central and Southern Europe and the Baltics. The three donor countries cooperate closely with the EU through the Agreement on the European Economic Area (EEA). The donors have provided €3.3 billion through consecutive grant schemes between 1994 and 2014. For the period 2014-2021, the EEA Grants amount to €1.55 billion. The priorities for this period are: #1 Innovation, Research, Education and Competitiveness #2 Social Inclusion, Youth Employment and Poverty Reduction #3 Environment, Energy, Climate Change and Low Carbon Economy #4 Culture, Civil Society, Good Governance and Fundamental Rights #5 Justice and Home Affairs. The Norway Grants are jointly financed by Iceland, Liechtenstein and Norway, whose contributions are based on their GDP. Eligibility for the Grants mirror the criteria set for the EU Cohesion Fund aimed at member countries where the Gross National Income (GNI) per inhabitant is less than 90% of the EU average. All projects are co-financed by the State Budget of the Slovak Republic in the amount of 15%.

niore Energy Team