WSE targets $12M for wave energy device

Illustration (Image: flickr/Codex41)

 
Wave Swell Energy (WSE) is reportedly looking to raise Au$12 million to develop a wave energy tidal array in Australia.

WSE is eyeing King Island, off Tasmania, to deploy its first wave energy plant, with the plans to spend Au$5 million for such undertaking, according to The Australian.

Its wave energy technology has been under development in cooperation with the Australian Maritime College (AMC) in Tasmania, and with the Au$12 million the company is looking to raise starting from next month, WSE would secure enough funding to develop King Island project and prepare for the delivery of other projects, the Australian reports.

WSE’s shares to be issued amount to 2.5 million, at Au$4.80 each, the Australian informed.

Share this article

Follow Tidal Energy Today

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

All-Energy Exhibition and Conference 2017

All-Energy has provided the industry suppliers, experts and thought-leaders from the renewable energy supply chain the opportunity…

read more >

The Future of our Seas

At the heart of European Maritime Day is the a 2-day conference “The Future of our Seas”. High-level sessions and stakeholder workshops..

read more >

PhD Course on Numerical and experimental modelling and control of Wave Energy Converters

The main objective of this course is to train each participant to the numerical and experimental modelling and control of Wave Energy…

read more >