Thursday, September 4, 2014

Perth company seeks 4m for new wave energy technology

While wave power is one of my favourite potential sources of renewable energy progress in the field continues to be achingly slow. ReNew Economy has a report on a new startup in Western Australia - Perth company seeks $4m for new wave energy technology.
Perth-based renewable energy company Bombora Wave Power Australia has launched its first round of capital raising, to help fund the next phase of development of its award winning wave energy technology. The company, run by WA brothers Shawn and Glen Ryan, is hoping to raise $4 million towards the next two years of development of its home-grown Wave Energy Converter (WEC) technology, which has so far been tank tested and cleared for technology readiness.

The WEC technology uses a unique ramp-like feature to capture both heave and surge motions within a wave to extract more of its energy. The (patent pending) design impedes the wave’s forward motion, forcing it to rise higher, accentuating the forces acting on the power capture elements of the device. It also restricts flow back over the structure during a wave trough, lowering the wave depth and emphasising the effective height variation of the wave as it passes.

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