History

1997: Oceanlinx is founded by Dr. Tom Denniss (as Energetech Australia Pty Limited)

 

1999: Energetech receives a A$750,000 Federal Government grant to develop the Port Kembla project

 

November 2001: Energetech closes a round of venture capital funding with the Connecticut Innovations Incorporated in the USA, enabling the establishment of a US subsidiary, Energetech America

 

2002: Three European investment groups specializing in innovative energy technology invest US$3.75 million, and German based RWE Dynamics invests US$750,000

 

March 2003: The first full-scale Denniss-Auld turbine is successfully constructed and tested

 

November 2003: Energetech America receives grant funding of US$500,000 from two state renewable funds for the development and construction of a wave energy project in Rhode Island, USA

 

May 2004: Energetech is awarded a A$1.21 million research & development grant by the Australian Federal Government, facilitating its Wave Energy Optimisation program

 

March 2005: Energetech launches its Industry Advisory Service division

 

April 2005: The Centre for Energy and Greenhouse Technologies invests A$500,000

 

October 2005: Energetech’s patented Denniss-Auld Turbine generates power and, via the desalination plant, fresh water at the test location in Port Kembla

 

December 2006: Energetech completes a permanent installation of its Port Kembla Wave Energy Plant

 

February 2007: £6.0 million fundraising with institutional investors

 

April 2007: The company changes its name to Oceanlinx

 

June 2007: David Weaver joins Oceanlinx as Executive Chairman and Chief Executive Officer

 

May 2008: David Weaver assumes the position of Non-Executive Chairman and Stuart Bensley that of Interim Chief Executive Officer.