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 Memorandum of Understanding 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, converts wave energy into electrical energy. This technology has been deployed as a pilot system in the Jaffa port in Israel. Yam Pro Energy operates within the Energy Tech sector, focusing on clean energy generation and serving markets such as China, Sri Lanka, Ghana, and the United Kingdom.
Strategic signal
In December 2017, Yam Pro Energy signed a $180 million USD Memorandum of Understanding with Shapoorji Pallonji India, a significant development indicating strong commercial interest and potential for large-scale deployment of its wave energy technology. This signals a validation of the company's patented approach to renewable energy and its capacity to attract major international partnerships for commercial-scale projects.
Log in to access full profile ›Company Intelligence Q&A
- What is Yam Pro Energy's primary focus?
- Yam Pro Energy designs, builds, and operates sea wave power plants, converting wave energy into electrical energy using its patented technology.
- When was Yam Pro Energy founded?
- Yam Pro Energy was founded in June 2016.
- What was a significant commercial agreement for Yam Pro Energy?
- In December 2017, Yam Pro Energy signed a $180 million USD Memorandum of Understanding with Shapoorji Pallonji India to build the world's first commercial-scale wave power plant.
- Where has Yam Pro Energy's technology been piloted?
- Yam Pro Energy's patented wave energy conversion technology has been installed as a pilot system in the Jaffa port in Israel.
- What is the current status of Yam Pro Energy?
- Yam Pro Energy is currently non-active, having ceased to operate in June 2023.