The European Commission launched three Horizon Prizes to encourage innovation and find solutions to challenges in the area of energy. Worth a total of €3.25 million and funded under Horizon 2020,
Tag "Carlos Moedas"
![Shipwreck-inspired wave power idea nets EUR 10 mn for full-scale demo](/wp-content/uploads/2016/07/featured-wavestar-1-230x109-505x306_c.jpg)
The kinetic energy of the waves can convert into electricity that can be fed into the grid with the help of a device, which has won a EUR 10 million loan