Victorian Wave Partners Wave Power Station
(Project closed 8 August 2014 – no funds were paid to Victorian Wave Partners Pty Ltd) This project involved the construction and operation of the world’s first large-scale grid-connected wave power station using Victorian Wave Partners' PowerBuoy technology. ARENA’s funding commitment was $66,465,000.
- Lead organisation:
- Victorian Wave Partners Pty Ltd
- Project partners:
- Ocean Power Technologies Inc, Ocean Power Technologies (Australasia) Pty Ltd, Lockheed Martin Corporation, Lockheed Martin Australia
- Portland, VIC
- Ocean energy
- ARENA program:
- Renewable Energy Demonstration Program
- Start date:
- September 2010
The CSIRO and other bodies have estimated that the oceans around Australia are capable of generating more than twice the nation’s current power requirements.
A technology that can reliably convert this predictable source of zero emission energy into affordable grid-connected electricity could be a game-changer in the drive to a low carbon economy.
Victorian Wave Partners (VWP) planned to construct and operate the world’s first large-scale wave power station using Ocean Power Technologies’ (OPT) PowerBuoy technology, which uses modular, ocean-going buoys that capture and convert wave energy into clean electricity.
The project aimed to provide the first opportunity for potential investors to assess a commercial-scale facility of this kind that is connected to the electricity grid.
The facility would have incorporated the PowerBuoys and OPT’s Undersea Substation Pod (USP) which monitors and connects the total electrical output of the PowerBuoys to the electricity grid.