Tendon have been working with Wave Swell Energy Limited to raise $7 Million Dollars



Tendon have been working with Wave Swell Energy Limited to raise $7 Million Dollars for a wave energy project in the Maldives. This private Australian company is – as the name suggests – focused on wave energy. This lesser-known area of renewable energy could be the ‘third leg of the stool’, along with wind and solar power, as it relies on neither of these two for its generation. The technology used by Wave SwellI Energy (WSE) converts renewable energy from ocean waves via a 500kW modular oscillating wave column unit into electricity for connection into national electricity grids.

Wave Swell Energy Ltd is an unlisted Australian public company. The company has developed a world leading proprietary technology that converts the energy in ocean waves into clean and emissions free electricity. This electricity can be transmitted to shore and into the grid, or used to power an onboard or shoreline located desalination facility.

What makes wave swell energy’s technology-first invented in 1990 by international ocean energy Hall of Fame member Dr Tom Denniss-even more efficient is the way that they’ve managed to rig the chamber so that the turbine is only exposed to air from one direction. In turn, this means simpler, more robust and reliable turbine design, and a 15% higher energy conversion efficiency. Since the only moving parts of wave swell energy’s proposed technology are all well above the water, the device is also much easier to maintain.

While Australia is harnessing hydro power without much hesitation, their tidal and wave power industry still hasn’t taken flight, with only two tidal and wave facilities currently set up. According to Clean Energy Australia, a not for profit industry association, a 2011 report found that in that year, more than 15 companies had been actively investigating wave and tidal energy projects in Australia. Wave resources are mostly being explored along the southern and western coastlines, while the northern coastline is the focus for those exploring tidal resources.

In comparison to wind power, wave, tidal and ocean current power technologies are in their infancy. Wave-power or tidal- power generators have been tested near the shores of New Jersey, New York, Hawaii, Scotland, England and Western Australia. A handful of commercial projects have been initiated, but the one that got the furthest, a “wave farm” off the north coast of Portugal, closed up shop in 2014. In general, the promise of energy from ocean waves has not been fulfilled. A field of tidal turbines is being built off the shore of Tromso, Norway.

In June of 2016, the Perth-based Carnegie Wave Energy Project set a world record by completing 14,000 cumulative operating hours. For the entire year prior, the project utilized wave energy to generate clean, renewable energy and potable desalinated water for the largest naval base in Australia, HMAS Stirling. Located near Garden Island, Western Australia, the CETO 5 marine energy system is the fırst of an entire fleet of wave power generators intended to be connected to an electricity grid. 

Off the southern coast of Australia, a new effort is under way to capture the energy embedded in ocean swells. Special buoys are used to convert the sea’s waves into a maximum of 62.5 megawatts (MW), or enough to power 10,000 homes, according to an announcement from project partners Lockheed Martin and Victorian Wave Partners Ltd. Touted as the world’s largest wave energy project, the Australia buoys are still just a drop in the bucket for wave power potential.

Wave Swell Energy is currently developing a 250 kW wave energy project that is intended to be installed in the ocean off the west coast of King Island, between Tasmania and the Australian mainland. The aim of the project is to demonstrate the ability of the company’s technology, when installed at large scale, to produce electrical energy at a cost comparable to that of new coal-fired power plants. WSE is collaborating with Hydro Tasmania and the King Island Council and community to ensure the project is developed to be of benefit to all stakeholders.

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