Bombora Wave Power, a Perth-based wave energy developer, has been granted Au$130,861 (approximately $95,000) for the advancement of their wave energy technology.
The funding is expected to help Bombora Wave Power demonstrate and commercialise its wave energy converter system.
Bombora Wave Power is one of the 20 companies to benefit from the Au$7.3 million ($5.3 million) in commercialisation grants assistance.
The grants were awarded under the Australian Government’s Entrepreneurs’ Programme designed to help companies commercialize their products on the global market.
Wyatt Roy , Assistant Minister for Innovation, said: “The projects featured in this announcement are brilliant examples of Australia’s innovative ideas, and include the world’s first Kinetic Manufacturing 3D printer and an award‐winning wave energy converter system. The commercialisation of these products will advance our industries and create new opportunities, as well as ensuring Australia’s intellectual property is protected.”
To remind, Bombora Wave deployed a scaled prototype of their wave energy device off Melville, Australia early in September, 2015.
Following the deployment, Bombora’s CEO, Sam Leighton, announced that the company is in the advanced planning stage for commercial scale trials.
Bombora’s wave energy system utilises a large membrane energy harvester to collect, concentrate and modulate the wave energy through the use of an air circuit.
The system has an onboard 1.5 MW air turbine that spins as wave passes over the system moving the air around the circuit and driving it through the turbine, which results in the generation of electricity.
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Image: Bombora Wave Power