Aquanet Power Overview
Company Headquarters: Taipei, Taiwan
Founded: 2014
Workforce: ~50
Company Working: Aquanet Power designs, manufactures, and supplies wave energy conversion technology. It offers a number of products for converting wave energy into electricity. The company uses oscillating water columns technology in all its products. In addition to offering wave energy harvesting systems, it also manufactures power take-off equipment, which are used for converting wave into electrical energy.
The company has its sales offices in Taiwan, China, Ireland, and the UK. Its manufacturing unit is located in Taiwan. It serves various industries including desalination solutions, coastal defense & security, offshore platforms, and remote island energy & water.
Strategy
Aquanet Power focuses on achieving organic growth through substantial investments in R&D. The intensity of rivalry is very high in the global market, which is why it regularly showcases its products in exhibitions throughout the world. As a long-term strategy, the company seeks opportunities to collaborate with major companies in the global market to improve the performance of its product.
STRENGTHS▪Specializes in oscillating water column technology▪Equipment have no under water moving partsWEAKNESSES▪Many technologies are still in the development processOPPORTUNITIES▪Increase in demand for power generation equipment from the Middle East & AfricaTHREATS▪Failure of products in adverse weather conditions
