News and Media
Viewing entries posted in August 2011
Oceanlinx discusses its technology with Australian Prime Minister
In a recent forum initiated by the the Hon. Kim Carr, Minister for Innovation, Industry, Science and Research, Oceanlinx’s CEO, Ali Baghaei, and founder, Dr Tom Denniss had the opportunity to meet with the Prime Minister, Julia Gillard and other Ministers. Those who spoke with Ali Baghaei were intensely interested to hear about the significant technological progress made by Oceanlinx in recent times, culminating in the dramatic reduction in its cost of electricity production that has the technology now cost-competitive with most other mature renewable energies. This is the first time Oceanlinx has put this information in the public domain.
Oceanlinx Breakthrough to Commercialization
Oceanlinx has developed and refined its technology over the past fourteen years to such a point that it is now commercially competitive with other forms of renewable energy, such as on-shore wind. Over the past eighteen months, major technological breakthroughs have led to a significant enhancement of the Oceanlinx greenWAVE and airWAVE products. This has resulted in a step change in the production cost of power from the technology.