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Bombora raises funds for wave tests, joins Carnegie in Albany

Author: Steve Corey. License: Creative Commons, Attribution-NoDerivs 2.0 Generic

November 17 (Renewables Now) - Global energy and environment company Enzen has made a multi-million-dollar investment in Bombora Wave Power Pty Ltd, the Australia-based developer of the mWave membrane style wave energy converter.

Bombora announced this today, saying that the fresh financial support allows it to move to full-scale construction and testing of its 1.5-MW device. Specifically, the funds will be used to test the membrane, valve and full-scale turbine and generator.

Bombora did not disclose the exact size of the investment.

Sector player Carnegie Clean Energy Ltd (ASX:CCE) is working on a wave energy project off Albany in Western Australia, where it not only will deploy its own CETO 6 device but also provide common user infrastructure to its peers. Bombora noted it is collaborating with Carnegie on that project and anticipates to deploy its own unit there.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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