Another form of alternative energy is rolling into Australian shores with West Australian renewable energy company Bombora Wave Power developing device to capture the power of the ocean and generate energy from the waves.
Bombora Wave Power aims to establish its wave energy conversion device (WECD) as the convergent technology in the sector by meeting industry cost targets for wave energy converters.
Bombora Wave Power founder and director Glen Ryan first thought of the the idea of the WECD more than six years ago and got his brother Shawn Ryan, a mechanical engineer and co-director, on board to help develop the technology.
The company was one of five in Australia and New Zealand to win the GE ecomagination Challenge, its first cleantech competition to be held in Australia and New Zealand.
The challenge had 191 entries and 35 finalists in the competition and winners received $100,000 with $10 million available to invest in promising start-ups and ideas from these and other entries that impressed the GE selection board.
Each Bombora device could supply electricity for up to 500 homes.
Western Australia also has another company, Perth-based Carnegie Wave Energy, getting a Federal Government grant to trial a desalination plant powered by waves.
The $2.5 million plant will be on Garden Island next to the company’s power station.
Carnegie Wave Energy already supplies wave energy power to naval base HMAS Stirling.