Australian wave energy gets $10m government cash

Two Australian wave energy projects have landed almost A$10m ($10.2m) of government funding to develop pilot projects off the Victorian and South Australian coasts.

BioPower Systems wins A$5.6m towards its A$15m Victorian pilot while Oceanlinx wins just under A$4.6m for its A$7.2m South Australian pilot.

Australia’s wave energy resources are considered to be among the best in the world, with the area between Geraldton in Western Australia and the southern tip of Tasmania able to provide more than 1,300 terawatt hours per year – about five times Australia’s total electricity requirements.

Including a grant for Perth-based Carnegie Wave Energy, the Australian government has now contributed close to A$20m to new wave-energy technologies through the…

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