INGINE

Business Location: 5th floor, Changdo Building, 395-2 Cheonho-daero, Dongdaemun-Gu, Seoul, Korea (Postal Code: 02633)

Website: www.ingine.co.kr

Company Overview:

INGINE is a Korean venture company and aims to be the first mover of wave power generation. The oceans are blessed with a level of power that equals the global demand for electricity, 3TW. Numerous companies and research institutes have focused on exploring the potential of waves and generating power from them. However, due to the enormous amount of time and the costs required for the development process, no one has succeeded in commercializing it. INGINE transformed the paradigm of existing technology to develop wave power generation and to enable rapid entry into the market.

Product and Services:

The first product, the INWave Onshore-Type, is the only viable solution that applies to distributed generation, to existing technologies' niche market, and to micro grids economically. INWave is a registered trademark for the specific use of INGINE's proprietary Wave Energy Converter (WEC) technology. The INWave Onshore-Type Model can be easily installed in coastal waters and in breakwaters, which are more than 3 meters deep. For each installed module, you can power up to 700 households. INWave Onshore Model is the only wave power generator that can be applied to energy independence and distributed development in island areas by addressing economic issues that impede the distribution of existing off-/near-shore products.

Key People/ management team:

Daniel, Yong-jun Sung (CEO)

Chan-ho Sok (COO)

Kwan-sun Ahn (CSO & America Representative)

Gi-won On (Europe Representative)

Jeff Lee (Managing Director of UK Subsidiary)

Jay Kwon (CTO)

Chul-wook Kim (Head of R&D)

Dae-hyun Kim (Head of Business)

Sung-chul Kim (Head of Management)