Australian wave energy developer Perpetuwave Power's recently established UK subsidiary has won a $110,000 grant from the European Regional Development Fund Convergence Programme to support development of it wave energy technology.
Australian wave energy developer Perpetuwave Power’s recently established UK subsidiary has won a $110,000 grant from the European Regional Development Fund Convergence Programme to support development of it wave energy technology.
The funding will be used to test a prototype of its Wave Harvester Technology, which has been developed to convert up to 40% of the ocean’s energy to electricity. According to the company, this makes it one of the world¹s most efficient wave power technologies.
Perpetuwave Power plans to open an office in Cornwall and will work closely with the University of Exeter which has a specialist anchor and mooring division. The project aims to conduct a series of tests on a scale prototype in world leading facilities to provide authentic performance data over a comprehensive range of wave heights.
"These authentic results can then be used to reliably forecast electricity generated, and revenue of commercial projects," commented Glen Dullaway, CEO and Managing Director of Perpetuwave. "The major outcome of the project is to position Perpetuwave to advance to a full scale pilot power plant as the final step in the technology authentication phase."