News and Announcements
Construction of Wave Swell Energy’s (WSE) 200 kW King Island wave energy convertor is nearing completion
- Published November 20, 2020 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Construction of Wave Swell Energy’s (WSE) 200 kW King Island wave energy convertor is nearing completion. The unit has been built in Launceston and Bell Bay, Tasmania. It is expected to be towed to King Island and deployed during December 2020. The device will be connected to the Hydro Tasmania King Island grid and should be providing electricity to the island by the end of Q1 2021.
The project will be the first in the world to utilise the concept of a unidirectional oscillating water column (OWC). It is also believed that, once connected to the Hydro Tasmania hybrid grid on King Island, the grid will be the first in the world to concurrently generate electricity from three renewable energy sources – waves, wind, and solar.
WSE has also placed 2nd in an international competition called Pitchfest 2020 organised by Ocean Impact Organisation (OIO). OIO’s advisory panel and the competition’s judging panel was extensive, well credentialed, and with global reach.
OIO received almost 200 applications from 38 countries including submissions from the UK, USA, The Netherlands, The Bahamas, Israel, Spain, South Africa and South Korea. WSE was announced as the first runner-up of Pitchfest 2020 on November 4.
Given the OIO competition attracted a high-quality field from across the globe, it is a great result for the company, further endorsing WSE and its innovative technology.
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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