Angus Taylor, the Federal Minister for Energy, has announced the Australian Government’s support, through the Australian Renewable Energy Agency (ARENA), for Wave Swell Energy’s King Island project. ARENA will be providing the project with $4 million in non-dilutive grant funding. This represents a major validation of the Wave Swell technology, and is the culmination of a detailed and comprehensive due diligence process conducted by ARENA. Read more about this announcement via the following press releases from the Minister’s office and ARENA.
Wave Swell is a developer of world leading proprietary technology which works to convert the energy in ocean waves into clean and emissions free electricity.