Developed by the Basque company Oceantec Energias Marinas inside the European project OPERA,[4] it is delivering electrical energy to the grid since December 2016.
The buoy is located in the ocean, 4 km from the coastline and is connected to the sea with a submarine electrical cable.
IDOM were one of seven companies awarded pre-commercial procurement funding in December 2021 for Stage 1 of the EuropeWave programme, to further develop the device concept.
[7] In September 2022, they progressed to Stage 2 with additional funding for a Front-End Engineering and Design study of a scale-prototype to be tested at sea.
[8] IDOM were one of three concepts that progressed to Stage 3, with a share of the €13.4m budget to develop and test a device at BiMEP for a year.