Gugler Water Turbines makes a strategic move into the growing wave energy sector by signing an important cooperation agreement with Exowave. The partnership will see Gugler Water Turbines taking part in the ongoing EUDP project by Exowave “250 MW wave power in the Danish North Sea by 2030 – phase 1” as key provider for the Pelton hydro turbine, including generator and electrical equipment. The agreement will then extend to future projects, in the North Sea at first and on an international scale moving forward. Wave energy is seeing a substantial growth over the past years with increasing support from governments. The EU alone has set very ambitious targets of 1GW of ocean energy installations by 2030 and 40GW by 2050. As such it is key to create a robust and reliable sector value chain, which will be able to deliver on such targets. The strategic partnership between Gugler and Exowave will support to meet above ambitious targets, combining a renowned turbine technology provider with one of the leading wave energy developers.