ATAREC
Advanced Third Age Renewable Energies Company
Tangier, Tangier-Tetouan-Al Hoceima, Morocco
About
Founded in 2020, ATAREC is a private company headquartered in Tangier, Morocco with approximately 11-50 employees specializing in Wave.
ATAREC is a Moroccan startup developing innovative third-generation renewable energy solutions, specifically focused on wave energy technology. The company developed WAVE BEAT, a patented wave energy converter with amplification system, deployed at Tanger Med port. WAVE BEAT achieves a 62% capacity factor, exceeding offshore wind performance, and has achieved LCOE competitiveness among the lowest globally for wave energy. The company operates across the full value chain including R&D, engineering, manufacturing, construction, and operation/maintenance. ATAREC has secured partnerships with major stakeholders including Tanger Med, UM6P Ventures (OCP investment arm), EDF, and Microsoft, and has won over 15 national, regional, and international competitions. The company has signed agreements for wave energy projects in 5 countries with planned capacity up to 110 MW.
Headquarters
Founded
Employees
Company type
Focus areas
Products & services
Business models
Value chain
Service areas (4)
Morocco
Headquarters and first deployment location with full-scale prototype at Tanger Med port
Africa
Emerging market for wave energy solutions
Europe
Expansion targets and technology partnerships
Middle East
Recent expansion area with partnerships and project discussions
Locations
Headquarters
Tangier, Tangier-Tetouan-Al Hoceima, Morocco
Service regions
Projects
2WAVE BEAT
Wave energy conversion system with amplification technology. First stable green energy from waves in Africa with 62% capacity factor, exceeding offshore wind.
WAVE BEAT Expansion Projects
Wave energy projects signed in 5 countries with total projected capacity up to 110 MW, including expansion to Atlantic coast, Spain, Lebanon, Denmark, and UK.
Credentials & affiliations
Awards
Startup of the Year
Second Prize
EDF Pulse Africa Award
Best Regenerative Blue Economy Startup
Best Pitcher Award - Renewable Energy
Orange Corners Morocco Prize
Ecostart Prize
Startup Award
Industry memberships
Partnerships
Tanger Med, Mohammed VI Polytechnic University, OCP Group, EDF, Royal Haskelling DHV, MARIN, Microsoft, Enactus Morocco, JETRO
