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Wave Swell

Wave Swell is a developer of proprietary technology to converts wave energy into electrical energy.

Backed by

Australian Renewable Energy AgencyAustralian Renewable Energy Agency

Raised 4M EQUITY on September 8, 2019

About

Wave Swell Energy develops the UniWave 200, a seabed-partially-submerged oscillating-water chamber that drives an air turbine to produce electricity integrated into island microgrids with wind and solar.

Mission

Wave Swell Energy is developing the UniWave 200, a 200 kW pilot-scale wave energy converter designed to be partially submerged on the seabed. The UniWave 200 captures oscillating water inside a chamber, driving air through a turbine to generate electricity. The company plans to design, construct, install and operate the device off King Island, Tasmania, integrated with Hydro Tasmania's microgrid. ARENA has committed $4 million in funding toward the $12.3 million project to demonstrate commercial viability and integration with wind and solar. Wave Swell’s CEO said the King Island demonstration is intended to be the first of many projects using the company’s intellectual property. ARENA and company materials highlight wave energy’s relative predictability and potential to reduce the need for significant battery storage on island microgrids.

Quick Facts

Founded

2016

Funding

EQUITY

Industry

Energy

Headquarters

Melbourne, Victoria, Australia