Cutting edge Australian-made wave power technology could match the cost of electricity generated by commercial off-shore wind farms and solar arrays within a decade, a new report has found. The findings were reached in a study by WA-based Bombora Wave Power, conducted ahead of its plans to deploy a 1.5MW version of its “mWave” technology in the first stage of a proposed commercial wave power farm in Portugal.
Business News – Bombora makes mWave breakthrough
Private Perth company Bombora Wave Power is seeking to raise $8 million for the first commercial deployment of its innovative technology.
WME Business Environment Network – Bombora competes with Renewable Energy
Bombora Wave Power is confident it will be able to match the electricity costs of renewable energy by 2023 through its mWave converter. The company released the results of its feasibility study of a commercial-scale wave farm last week, highlighting the viability of the mWave converter.
Energy News Bulletin – Wave Energy Litmus Test
A study that now has funding to be completed will confirm that the Bombora mWave converter will make an important contribution in diversifying the electrical energy supply space.
Energy Business News – ARENA support for Bombora Wave
Wave developer Bombora’s pilot project in Western Australia is set to receive financial support from the Australian Renewable Energy Agency (ARENA) for a detailed cost of energy study for its mWave converter.
Bombora secures ARENA Funding for ‘Cost of Energy’ Study
Bombora Wave Power is delighted to announce it has received $181,000 funding support from the Australian Renewable Energy Agency (ARENA) to complete a detailed ‘Levelised Cost of Energy’ study for the Bombora Wave Energy Convertor (WEC). The study aims to confirm that the Bombora WEC will make an important contribution in diversifying the electrical energy supply matrix.