The project pursues the deployment of Wavepiston wave energy as a renewable energy input and water source to the benefit of Barbados’ Green Industrial Gateway Advantage (GIGA).

The agreement establishes clear timelines within Barbados’ political planning, ring-fenced budgets, conditional Power- and Water Purchase Prices, and aligns on common approaches to securing further funding.

The partnership builds upon the established collaboration through a successful pre-feasibility study conducted in 2024, co-funded by the European Union Eureka Network INNOWWIDE program, and a Memorandum of Understanding (MoU) signed in January 2026 by Export Barbados (BIDC) and Wavepiston.