Perth-founded Bombora Wave Power has secured an $18.7 million grant from the European Regional Development Fund, days after Carnegie Clean Energy announced funding delays for its wave energy project in Albany.
Western Australian startups and young technology companies attracted about $109 million in funding in the December quarter, according to the latest report from tech sector analysts Techboard.
Perth company Bombora Wave Power will proceed with construction of its first commercial sized mWave device after securing multi-million dollar backing from international renewable energy consultancy Enzen.
Carnegie Clean Energy has secured $16 million of state government funding for a wave energy project at Albany while also gaining conditional approval from the federal government to transfer nearly $12 million earmarked for its Garden Island project to Albany.
ASX-listed Carnegie Clean Energy is evaluating three sites for the initial deployment of its CETO 6 wave power technology, including Albany and Cornwall, after it was confirmed today its Garden Island microgrid project will initially not include wave power.
Pancontinental Oil & Gas has made changes to its board and executive line-up after completing its acquisition of private company Bombora Natural Energy.
The growth of solar power over the next decade could cut the price of energy in WA, according to a man involved in one of the latest projects to take a step forward.
Renewable technology company Bombora Wave Power says an independent study has confirmed the viability of its first commercial project, a 60-megawatt wave farm in Portugal, which it says will cost $180 million to develop.
Local fintech CrowdfundUP tops this fortnight's Techboard ranking, having closed a $2.1 million capital raising led by Sydney-based Positive Investment Enterprise.
Allyn Wasley has joined Perth renewable energy developer Bombora Wave Power as chief financial officer. Mr Wasley was previously general manager, strategy and business development for CBH Group.
Justin Miller's Nuheara has ranked first in this fortnight's Techboard ranking, with Storekat and Curtin University startup ePAT ranked second and third respectively.
A program that links PhD students with industry is attracting support from companies as diverse as iron ore miner CITIC Pacific Mining, software developer Lateral, and aged care provider Southern Cross Care.
Two former BHP Billiton and Rio Tinto engineers from the Wheatbelt officially launched a wave energy prototype in the Swan River today as part of a long-term plan to produce electricity at costs so low it will rival wind energy.
WA has become a leader in wave energy, but commercial realities loom as a major constraint to rolling out the technology to the national electricity market.
