Yam Pro Energy
Renewable Sea Wave Energy Solutions
Company Overview
Snapshot
Founded in June 2016, Yam Pro Energy operates with 1–10 employees. The company holds a patent for its technology, which converts wave energy into electrical energy. In December 2017, Yam Pro Energy signed a $180 million USD MOU with Shapoorji Pallonji India.
Business overview
Yam Pro Energy specializes in designing, building, and operating sea wave power plants. The company's core technology, for which it holds a patent, focuses on converting wave energy into electrical energy. This technology has been deployed as a pilot system in the Jaffa port in Israel. Operating within the Energy Tech sector, Yam Pro Energy serves markets such as China, Sri Lanka, Ghana, and the United Kingdom, focusing on renewable energy solutions.
Strategic signal
In December 2017, Yam Pro Energy signed a $180 million USD Memorandum of Understanding (MOU) with Shapoorji Pallonji India, a significant development indicating potential for large-scale commercial deployment of its wave energy technology. This MOU signaled strong market validation and a strategic partnership for the company's expansion into new geographical markets, highlighting the commercial viability and investor confidence in its renewable energy solutions.
Company Intelligence Q&A
- What is Yam Pro Energy's primary focus?
- Yam Pro Energy designs, builds, and operates sea wave power plants, utilizing its patented technology to convert wave energy into electrical energy.
- When was Yam Pro Energy founded?
- Yam Pro Energy was founded in June 2016.
- What significant agreement did Yam Pro Energy sign in December 2017?
- In December 2017, Yam Pro Energy signed a $180 million USD Memorandum of Understanding (MOU) with Shapoorji Pallonji India.
- Where has Yam Pro Energy's pilot system been installed?
- Yam Pro Energy's pilot system for converting wave energy into electrical energy has been installed in the Jaffa port in Israel.
- What is the current operational status of Yam Pro Energy?
- Yam Pro Energy is currently Non Active, having ceased to operate in June 2023.