Wave Swell Energy’s King Island Project receives government funding and wide media coverage

Highlights

• The Federal Minister for Energy has announced a funding package through the Australian Renewable Energy Agency (ARENA), for Wave Swell Energy’s King Island project.
• ARENA will provide the project with $4 million in non-dilutive grant funding.
• The United States Department of Energy (DOE) has published an article about Wave Swell Energy’s King Island project in its offshore energy publication, Tethys.

Angus Taylor, the Federal Minister for Energy, announced the Australian Government’s support through the Australian Renewable Energy Agency (ARENA), for Wave Swell Energy’s King Island project in Tasmania. ARENA will provide the project with $4 million in non-dilutive grant funding, representing a major validation of the Wave Swell technology. Wave Swell Energy is installing a pilot-scale 200-kilowatt wave energy converter that harnesses the rise and fall of water levels to generate electricity off the coast of King Island. This funding is the culmination of a detailed and comprehensive due diligence process conducted by ARENA. Read more about this announcement via the following press releases from the Minister’s office and ARENA.

The United States Department of Energy (DOE) has published an article about Wave Swell Energy’s King Island project in its offshore energy publication, Tethys. As a widely read and authoritative publication, this represents major exposure for the company and the technology, with dissemination to a broad international audience. You can read the article and more at the following links:

• Wave Swell Energy’s Oscillating Water Column (OWC) Technology and 200 kW King Island Renewable Energy Integration Project
• Wave Swell Energy King Island Project

About Wave Swell Energy

WSE has developed a unique cost-effective technology to convert the energy in ocean waves into electricity. The technology involves no moving parts whatsoever in the water, thereby precluding costly underwater access for maintenance. The company is currently developing a 200 kW project at King Island, aimed at demonstrating the commercial viability of the technology.

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