INWave, a point absorbing developed by INGINE Inc., was installed in Jeju costal water in 2015. The pilot plant of 135 kW capacity is currently in commissioning stage and will be connected to local grid in March 2016. The INWave system increases energy absorbing efficiency by utilizing both vertical and horizontal movements of disk-like buoys, which are connected by energy converting pulleys.
An active-controlled tidal energy converter has been developed by KIOST since 2011 and its detail design was completed in 2015. It is expected that the pilot plant of 200kW will be installed for sea test in 2016. The system is applicable to shallow sea conditions (>20m).
The project for the establishment, installation and operation of 1MW OTEC plant will be launched in mid- 2016 by KRISO and MOF. The plant will be operated in the area of the equatorial Pacific Ocean as the suitable overseas location. The development project is expected to be completed by 2020.