Australia to Invest $10 Million in New Wave Energy Technologies

Australia to Invest $10 Million in New Wave Energy Technologies

Posted: 03 Jul 2012 03:18 PM PDT

The Australian government has announced it will use its $126 million Emerging Renewables fund to invest almost $10 million in two new Australian-developed wave technology systems, one of which claims to be the largest ever wave energy turbine.Martin Ferguson, the Resources and Energy Minister, believes that “wave energy is still very much an emerging technology and this funding will position Australia as a global leader in developing this technology.”$5.6 million will be invested in a 250kW plant developed by BioPower Systems. The new…

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