Fortum Acquires Approx. 10% Shareholding in Wave Energy Company Seabased
Tuesday 28 November 2017
Fortum becomes a shareholder in Seabased, a Swedish company offering wave energy solutions. Fortum has acquired shares in Seabased AB corresponding to an approximate 10% stake in the company. Both parties have agreed not to disclose the value of the deal.
"We have worked closely together during the wave power project in Sotenäs and believe there is a potential for a commercially viable solution, something Seabased now will continue to develop," says Sebastian Johansen, Senior Technological Expert at Fortum. "Fortum is looking forward to future co-operation with Seabased from its new role as an owner."
"We are happy to have Fortum as our new shareholder. To have a major player such as Fortum onboard is a commitment in Seabased as we move towards commercialisation", says Oivind Magnussen, CEO, Seabased.