Wave Swell Energy to deploy its wave energy technology at Spain’s landmark Mutriku plant

22 June 2026

The signed contract with BiMEP marks WSE’s entry into the European market and caps a deliberate, independently supported progression toward coastal structure integration.

Melbourne, Australia, 19 June 2026: Wave Swell Energy Limited (WSE), the Australian developer of patented wave energy conversion technology, and BiMEP, S.A., the owner and operator of the Mutriku wave energy plant in Spain’s Basque Country, have entered into a contract under which WSE will install and operate its unique, patented power take-off (PTO) technology at the world’s most established coastal structure integrated wave energy facility. The Mutriku wave power plant stands out globally, not only for its fifteen uninterrupted years of operation, but also for hosting the most relevant OWC turbine testing developments in recent years.

The contract is WSE’s first step into the European market and the first time its PTO will operate inside a working breakwater-integrated wave energy plant. It is the culmination of WSE’s deliberate progression toward coastal structure integration (CSI), the approach of building wave energy converters into coastal structures, such as breakwaters, as a single asset delivers both coastal protection and clean electricity.

WSE’s route to Mutriku has been methodical and validated at each step by independent parties. Its core technology, a unidirectional oscillating water column (OWC) with a purpose-built air turbine PTO, was proven through a multi-year, grid-connected demonstration of the 200 kW UniWave200 at King Island, Australia. In February 2026 the U.S. Department of Energy’s National Laboratory of the Rockies (NLR) published a major study of CSI converters, to which WSE was one of three developers invited to contribute analysis; it found CSI a low-risk, high-reward pathway at high technology readiness, with five-to-six-year payback in high-value applications, and named Mutriku the flagship example. In April 2026, supported by a U.S. DOE TEAMER award, WSE completed its first large-scale CSI model testing at Oregon State University, with results comparing favourably to King Island.

“Each stage has been about removing risk and proving the technology on someone else’s terms, not just our own,” said Scott Hunter, CTO of Wave Swell Energy. “King Island proved the conversion efficiency of the technology in the open ocean. The work with NLR confirmed the market is real and valuable. Our testing at Oregon State showed the performance holds up when the technology is integrated into a breakwater. Mutriku is where we bring all of that together at the most renowned wave energy plant in the world.”

WSE is targeting deployment of its technology at Mutriku in the second half of calendar year 2027.

For further information please contact paul.geason@waveswell.com.

Data Centre Integration

26 May 2026

Wave Swell Energy (WSE) is exploring a new frontier at the intersection of renewable energy, artificial intelligence and digital infrastructure: integrated wave-powered data centres. As global AI adoption accelerates, data centres are expected to significantly increase their electricity demand by 2030, placing growing pressure on renewable energy supply, cooling resources, land availability and grid infrastructure.

WSE’s concept combines its patented wave energy converter technology with integrated modular data centre infrastructure housed within, or directly behind, the wave energy platform itself. Rather than exporting electricity to shore, the platform would operate as a self-powered microgrid — generating renewable energy on-site and consuming it internally to power AI and compute workloads.

The nearshore deployment model offers several potential advantages over traditional land-based infrastructure, including lower construction and operating costs, reduced reliance on grid connections, unlimited seawater cooling and direct fibre optic connectivity to shore. The concept also removes the need for large-scale land acquisition and expensive transmission infrastructure.

WSE is currently assessing the technical and commercial feasibility of integrating data centre modules into its wave energy technology and engaging specialist expertise to support early-stage concept development. If successful, the opportunity could position WSE within one of the world’s fastest-growing industries, supporting the growing global demand for sustainable AI infrastructure.

Read the full story here.

Integrating Energy into Coastal Infrastructure: Wave Swell Energy Featured in United States Department of Energy Report

3 March 2026

Wave Swell Energy Limited has featured in a United States Department of Energy (DOE) report prepared by the National Laboratory of the Rockies focussed on the economic and deployment benefits of Coastal Structure-Integrated Wave Energy Converters (CSI-WECs).

The report independently validates that integrating wave energy converters into ports, breakwaters, and coastal defence structures represents a low-risk, high-reward approach that delivers both renewable energy and enhanced coastal protection – providing a practical pathway for marine energy deployment.

Wave Swell Energy Limited was one of three wave energy developers selected to assess high-potential U.S. sites, including Puerto Rico, Hawaii, the Pribilof Islands and Humboldt Bay.

This recognition aligns with the success of the real-world deployment of Wave Swell Energy Limited’s unique and innovative wave energy converter in a multi-year project in the southern oceans in Australia that was independently assessed by the DOE through the Pacific Northwest National Laboratory. The report comes at a time when WSE is progressing CSI-WEC deployment opportunities in the United States, Taiwan, and Europe, further strengthening WSE’s project pipeline.

This recognition by a U.S. national laboratory further reflects WSE’s position as a globally credible and commercially ready CSI-WEC solution provider.

The full report is available from the National Laboratory of the Rockies in the following link: https://lnkd.in/d3vAysDj

National Taiwan Ocean University Sign Landmark Memorandum of Understanding to Advance Wave Energy Solutions

Taipei, Taiwan – 20 November 2025

Wave Swell Energy Limited, a leader in renewable energy innovation, is excited to announce the execution of a Memorandum of Understanding (MOU) with the National Taiwan Ocean University (NTOU), marking a significant milestone in the development of its cutting-edge wave energy technology in Taiwan.

This MOU sets the stage for a groundbreaking collaboration focused on the deployment of a wave energy converter at the NTOU’s facility in Keelung, Taiwan. This initiative represents a major step towards advancing Taiwan’s renewable energy capabilities, with the goal of establishing a state-of-the-art wave energy converter that will harness the power of ocean waves to generate clean electricity and demonstrate the durability and commercial viability of Wave Swell Energy’s technology in Taiwan’s weather conditions.

Under the terms of the MOU the parties will collaborate on selection of a specific site at the NTOU’s Keelung facility where Wave Swell Energy’s wave energy converter will be deployed and operated. The parties will establish a consortium of partners that will collaborate on the development and funding of the wave energy converter, including the development of a local supply chain for all components of the wave energy converter.

The collaboration between Wave Swell Energy and the NTOU is a testament to both organisations’ commitment to accelerating the transition to new and innovative renewable energy sources. President Hsu Tai-wen of NTOU emphasised “This collaboration combines industrial capabilities with disciplined monitoring and verification undertaken by NTOU to demonstrate Taiwan’s marine renewable energy strategy.” With Taiwan’s coastal regions offering exceptional potential for wave energy generation, this project promises to significantly contribute to the island’s sustainability goals.

“We are thrilled to partner with National Taiwan Ocean University on this transformative project,” said Paul Geason, CEO of Wave Swell Energy. “This collaboration underscores our shared vision of harnessing the power of the ocean to create clean, reliable electricity solutions. Together, we will pave the way for future innovations in renewable energy and help Taiwan lead the way in establishing a thriving and globally leading ocean energy sector.”