Meta Pixel

News and Announcements

Wave Swell Energy’s Update on it’s King Island Wave Energy Generator

  • Published January 01, 2021 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Wave Swell Energy Ltd has now finished building the structural component of its King Island wave energy generator, with only the fit-out and wiring of the electrical control system remaining to be completed. Recent construction work involved combining the superstructure with the main part of the unit at Bell Bay in Tasmania’s north (see the attached video).

 

Register Interest

The main structure was built in Launceston and towed to a deeper water berth for the addition of the ‘top deck’. Once the electrical work is finalised, the completed UniWave200 device will be towed to its installation site near Grassy Harbour on King Island, where it will deployed, commissioned, and connected to the Hydro Tasmania hybrid electrical grid.

It is believed this will become the first remote grid in the world to concurrently generate electricity from three renewable sources – waves, wind, and solar. The transport of the unit to King Island is expected to take place in January, with the unit becoming operational after that.

About Wave Swell Energy Limited

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.

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