WERPO

Company Overview

Snapshot

Founded in July 2014 by Shmuel Ovadia, WERPO operates with 1–10 employees. The company holds patents related to its wave energy technology. In January 2015, WERPO signed a deal with Beijing Capital Group to develop sea wave energy, indicating early strategic partnerships.

Business overview

WERPO specializes in developing technology to generate electricity from ocean waves, positioning itself within the Energy Tech sector. The company's core offering involves building power stations that utilize sea wave technology, which are designed to be environmentally friendly, durable, and require minimal land space. WERPO aims to deploy these systems globally through local partners, serving markets in regions such as Africa, China, India, and the Americas, with a focus on the Utilities and Electricity industries.

Strategic signal

In August 2016, WERPO announced plans to shed its intellectual property rights to Shahar Energy in exchange for a share of future profits. This strategic move suggests a shift in the company's operational model, potentially focusing on licensing its technology rather than direct development, and could indicate a pivot towards a more asset-light approach to commercialization.

Company Intelligence Q&A

What is WERPO's primary technology?

WERPO develops technology to generate electricity from ocean waves, aiming to build power stations globally through local partners.

When was WERPO founded and by whom?

WERPO was founded in July 2014 by Shmuel Ovadia.

What significant partnership did WERPO secure in 2015?

In January 2015, WERPO signed a deal with Beijing Capital Group to develop sea wave energy.

What was a key strategic decision made by WERPO in 2016?

In August 2016, WERPO decided to shed its intellectual property rights to Shahar Energy in exchange for a share of future profits.

What is WERPO's operational status?

WERPO is currently non-active and ceased to operate in September 2021.