A new wave energy developer has set up headquarters in Tasmania and has gone to the market seeking funds from investors to brings its proprietary technology to market.
AquaGen was founded by engineer Nick Boyd and has been based in Victoria, but the native Tasmanian has returned him to prove the potential of his SurgeDrive wave energy concept, first developed in 2009.
Boyd told Tasmanian media he had identified “optimal sites” near Marrawa and King Island for potential wave farms.
“These are prime wave energy sites due to their extremely high wave energy resource and their proximity to grid infrastructure.”
The company has tested SurgeDrive in a wave tank at Monash University in Melbourne, and from a pier at Lorne.
AquaGen has also developed a system called RigDrive, which it says can be retrofitted to oil rigs to develop tidal energy.
Western Australia and Victoria have so far been the two centres for wave technology in Australia, but the Australian Maritime College in Hobart recently began a trial of small wave converters in a simulated environment.