SYDNEY – Australia’s ocean energy company, BioPower Systems, and Germany-based engineering and technology giant, Siemens Ltd, have signed a Memorandum of Understanding to evaluate and develop joint opportunities for ocean power conversion. Additionally, BioPower has selected Siemens as its preferred supplier of electrical and control systems technology for its ocean tidal and wave energy conversion systems.
CEO of BioPower, Dr. Tim Finnigan, said: “BioPower Systems is planning to strategically develop low-cost electricity generation and systems integration technologies to ensure the cost-competitiveness of its bioWAVE™ and bioSTREAM™ products in ocean energy farms.”
BioPower Systems is commercialising wave and tidal energy systems that incorporate revolutionary designs based on the concept of biomimicry. It is designing systems to naturally avoid extreme ocean forces, using light-weight construction, resulting in anticipated cost savings. The company is currently beginning tests on power conversion equipment, including Siemens generator and drive technology, at a factory location in Sydney.
More at www.biopowersystems.com
Australian and German companies collaborate on ocean energy
SYDNEY – Australia’s ocean energy company, BioPower Systems, and Germany-based engineering and technology giant, Siemens Ltd, have signed a Memorandum of Understanding to evaluate and develop joint opportunities for ocean power conversion. Additionally, BioPower has selected Siemens as its preferred supplier of electrical and control systems technology for its ocean tidal and wave energy conversion systems.
CEO of BioPower, Dr. Tim Finnigan, said: “BioPower Systems is planning to strategically develop low-cost electricity generation and systems integration technologies to ensure the cost-competitiveness of its bioWAVE™ and bioSTREAM™ products in ocean energy farms.”
BioPower Systems is commercialising wave and tidal energy systems that incorporate revolutionary designs based on the concept of biomimicry. It is designing systems to naturally avoid extreme ocean forces, using light-weight construction, resulting in anticipated cost savings. The company is currently beginning tests on power conversion equipment, including Siemens generator and drive technology, at a factory location in Sydney.
More at www.biopowersystems.com