COIN Project Launches to Revolutionize Wave Energy by 2029
The COIN project, commencing November 1, 2025, is set to revolutionize marine energy technologies. Backed by the European Commission under Horizon Europe, this €4 million initiative aims to advance wave energy to Technology Readiness Level 5 over four years. Led by Dr. Christian Windt, the project involves nine leading European organizations, including Hewlett-Packard Galway Limited, an HPE subsidiary.
COIN targets three key innovations to enhance wave energy farms' reliability, survivability, and sustainability. Hewlett-Packard Galway Limited contributes advanced AI techniques, digital twins, and real-time control systems to develop innovative control-oriented solutions. The project will use Carnegie Technologies' CETO wave energy converter for demonstration and validation.
The COIN consortium, comprising industry and academic partners across Europe, aligns with the Strategic Energy Technology (SET) Plan and the European Green Deal. By addressing technical and economic challenges, COIN aims to improve wave energy converter reliability and reduce the Levelized Cost of Energy (LCOE) by up to 30 percent. This will strengthen Europe's marine technology leadership.
The COIN project, starting in 2025, is poised to significantly advance marine energy technologies. With a focus on innovative control solutions and a strong European consortium, COIN seeks to enhance the reliability and sustainability of future wave energy farms, contributing to the continent's green energy goals.
