WaveX: Wave Powered Generators’ Post

Wendy Chen's presentation at West Tech Fest last year resonated with the team at WaveX and we've been in conversation ever since, from Australia to the The World Economic Forum on Telegram by GRT: Weltwirtschaftsforum Forum économique mondial WEF Davos. Through an insightful and global lens on the #energytransition, check out this article from Wendy in Climate & Capital Media which looks at WaveX: Wave Powered Generators. Having completed our capital raise last year, we're looking forward to providing Wendy with further updates as we head towards #firstelectricity with our large scale pilot, right here in #WesternAustralia. #ClimateCapital #EnergyTransition #CleanEnergy #ClimateTech #SustainableInfrastructure #NetZero #InnovationLeadership #OceanEnergy #WaveEnergy #WEF

Can legacy industries help accelerate the energy transition? I met Simon Renwick at West Tech Fest in Perth in December. Simon founded WaveX: Wave Powered Generators after more than two decades working on offshore LNG structures in Western Australia. What stayed with me wasn't the hype about wave energy, but his practical and commercial thinking around the engineering design. His team is made up largely of former oil and gas engineers who have designed systems that sit in the ocean for decades, under constant stress, where failures are financially destructible. That experience and knowledge shows up in the design - fewer moving parts, no underwater mechanical or electrical systems. A focus on maintenance and durability from day one. Wave energy has had strong academic foundations for years. The harder question is whether it can be built, financed, and maintained at commercial scale. That is where field experience from the legacy industry plays a critical role. The same theme came up when I spent time with May Liew at the TPC (Tsao Pao Chee) House in Davos this year. Along with OCTAVE Capital, shipping dynasties and executives Odfjell SE and Motion Ventures are backing bound4blue, where technologies like wind-assisted propulsion deliver the operational case firsthand: lower fuel use / emissions, real cost savings, and systems that integrate with existing vessels. As clean technologies move from research environments into real infrastructure, the skill set shifts. Commercial viability depends on cost discipline, risk management, and understanding how assets behave over long lifetimes. Legacy industries are often criticized in climate discussions. Yet their operational knowledge and capital are likely to play a role in whether new technologies actually scale. Full article in Climate & Capital Media in link below. Kari Huus Barclay Palmer Michael Sheldrick Kali Norman Brianna Peake Government of Western Australia CERI - Centre for Entrepreneurial Research and Innovation

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