mWave ‘lawyers up’ for large-scale delivery
Marine energy business Bombora Wave Power Europe has hired law firm Greenaway Scott to act as legal advisor for the company’s first large-scale mWave wave energy project.
With full-scale design and construction underway for the mWave machine, Greenaway Scott will provide Bombora with access to expertise in commercial law, intellectual and commercial property, employment, and corporate law.
The Welsh-based Greenaway Scott will offer legal advice and support to Bombora during the two-and-a-half-year project to design, build and test the 1.5MW mWave energy device.
Chris Williams, Commercial Manager at Bombora Wave Power, said: “We look forward to working with Greenaway Scott and benefiting from their extensive experience as both a legal and business advisory firm. Their expertise in research and development contracts will help ensure protection of Bombora’s intellectual property as we bring the mWave to market.
Commercial Director at Greenaway Scott, Rhian Osborne said the firm was thrilled to be working with a truly innovative company which is leading the way across the global renewable energy industry.
Osborne said: “Bombora’s mWave product is one of the most innovative we have supported and has the potential to transform the renewable energy industry worldwide.
“With the aim of producing environmentally friendly, consistent and cost competitive energy for commercial scale energy needs in coastal locations throughout the world, Bombora has ambitious plans.
“We look forward to working with the team to help them realize their business ambitions and continue developing this fantastic technology.”
Having recently secured £10.3 million of EU funds for its £15 million mWave demonstration project, Bombora has this week also informed of a fundraising campaign to raise further £6 million to support the delivery of the project.