Yam Pro Energy Overview
Company Headquarters: Kfar Saba, Israel
Founded: 1979
Workforce: ~50
Company Working: Yam Pro Energy is engaged in developing clean renewable energy from ocean waves. It designs, manufactures, installs, and maintains equipment related to renewable energy generation. The company specializes in manufactures onshore floating systems for harnessing energy. This drastically reduces the costs of operating and maintaining onshore equipment in comparison to offshore systems. It tested its first prototype in 2010, following which in 2014 it brought the patents for WERPO and SDE technology.
The company has sales offices and manufacturing facilities located in Israel. However, it has obtained several contracts for installing the technology in other countries.
Strategy
Yam Pro Energy is continuously seeking opportunities for collaboration with energy companies, project developers, and electric utilities to increase sales of its wave energy harnessing systems. It has developed projects such as BOO (build, own, and operate), BOT (build, operate, and transfer), BOOT (build, own, operate, and transfer), BLT (build, lease, transfer), and BLOT (build, lease, operate, transfer). The company substantially invests in R&D for reducing the cost of manufacturing its products. This could help the company enhance its market share, globally, during the forecast period.
