Meta Pixel

News and Announcements

Wave Swell Energy’s UniWave200 is Installed at King Island

  • Published January 10, 2021 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Wave Swell Energy’s (WSE) 200 kW demonstration of its unique wave energy technology, the UniWave200 device, was successfully deployed early on the morning of January 10, 2021, at Grassy Harbour on King Island.

The unit is now sitting on the seabed in its planned location, approximately 100 metres from shore in 5.75 metres of water depth.

The commissioning phase will take place over the coming weeks, with the device expected to be connected to Hydro Tasmania’s hybrid grid during Q1, 2021. Once operating and providing electricity, King Island will be the first remote island grid in the world to be powered by three separate renewables – waves, wind, and solar.

The King Island project is expected to validate the many world leading aspects of the WSE technology, including its efficiency, survivability, and accessibility.

Register Interest

About Wave Swell Energy Ltd (WSE)

Wave Swell Energy Ltd (WSE) is an unlisted Australian public company that has developed a world leading proprietary and cost-effective technology that converts the energy in ocean waves into electrical energy. The technology is based on the concept of a unidirectional Oscillating Water Column (OWC). It involves no moving parts whatsoever in or below the water line, thereby ensuring ease of access, minimising the cost of operation and maintenance, and precluding any detrimental effects on marine life.

While the technology’s primary function is to generate electricity, it can also produce hydrogen and desalinated water and can act as an effective means of coastal protection. In fact, when placed side by side, WSE devices form a breakwater – one that returns a revenue, rather than being a sunk cost like a traditional breakwater.

Register Interest

Company Updates
Forget Startups: Why Magnetic Alliance is Betting on “Boring” Mid-Market Turnarounds

While Australia’s venture capital scene spent years chasing unprofitable tech startups and speculative high-growth plays, Mark Lim was quietly taking a radically different path. The Managing Partner of Magnetic Alliance Capital sees the nation’s richest investment opportunities hiding in plain sight: inside thousands of unglamorous, profitable, but operationally sluggish mid-market businesses. Speaking on Wholesale Investor’s […]

Company Updates
The asset class where the market has no vote

Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]

Company Updates
The listing fee vendors pay whether the house sells or not

Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]

Join over 45,000+ sophisticated investors

Join Now