http:\/\/INGINE.co.kr\/<\/a><\/span><\/em><\/p>\n <\/p>\n
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Q1.\u00a0<\/span>You must have already known the \u201ctradition\u201d of this series \u2013 starting with the name. What does INGINE mean? Does it have anything related to \u201cengine\u201d?<\/strong><\/span><\/p>\n <\/p>\n
Yes, many people asked us this question. INGINE is the combination of \u201cIN\u201d \u2013 which is the pronunciation of the word \u201chuman\u201d or \u201cperson\/people\u201d in Korean, and \u201cGINE\u201d in \u201cengineering\u201d \u2013 which is symbolizes Technology. These are our two core values, representing our commitment to develop innovative technology solutions to build a sustainable environment for future generations, while making sure that our teams always use their creativity, perseverance and mutual respect to grow together. They are also the source of our technology and what motivates us to move forward.<\/span><\/p>\n <\/p>\n
Q2.\u00a0<\/span>\u00a0How did you start this business?<\/strong><\/span><\/p>\n <\/p>\n
When the financial crisis in 2008 hit us, I was working as an engineer for an oil & gas company. At that time, the only way to generate electricity on islands was using diesel power generation, thus the high cost and the negative effects on the environment were unavoidable. Such pain points made me wonder what kind of sustainable energy could replace the expensive, carbon-rich diesel. So I devoted myself to do more research and found out the potential of wave energy along the way. The idea of a system combining the stability of onshore generation and the efficient capture of nearshore wave energy came up to me. In 2021, our onshore wave energy technology was born, marking a significance start for our journey as a social venture that can bring clean energy to islands.\u00a0<\/span><\/p>\n <\/p>\n
Q3.<\/span>\u00a0Wave energy is not a familiar term to many of us who are not in the field, so could you explain what exactly it is?<\/strong><\/span><\/p>\n <\/p>\n
Wave energy is a form of renewable energy captured from the motion of ocean waves. In the ocean, ever-flowing waves contain about 3 terawatts of energy. Wave energy is efficient, reliable, dense, predictable. Wave energy has the lowest ratio of CO2<\/sub> emissions among all renewable energies \u2013 it is quasi negligible. In this perspective, the potential for wave power to reduce polluting emissions from energy access and power generation can be leveraged to great effect. Islands and remote coastal communities have the resources and the needs to transition towards clean wave energy. However, wave energy is not commercialized yet, which is why many people are not familiar with this term. INGINE works on solutions that can be commercialized in the near future. INGINE believes wave energy will become the next most important renewable energy source after solar and wind power.<\/span><\/p>\n <\/p>\n
Q4.\u00a0<\/span>How is this \u201con-shore\u201d technology possible?<\/strong><\/span><\/p>\n <\/p>\n
Firstly, let me show you a short video that explains our technology.<\/span><\/p>\n <\/p>\n
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