Oceanlinx was recently named by the United Nations Industrial Development Organization (UNIDO) as one of the Top Ten Renewable Energy Investment Opportunities in the World.
Using one of the best wave and energy resources in the world, Australian company Oceanlinx, via its Nelson Bay Ocean Energy subsidiary, is working to harness renewable wave energy to power up to thousands of Victorians in coastal communities.
The ocean is a potential treasure trove for renewable energy—one NASA study estimated more than 91 000 terawatt-hours annually of accessible energy worldwide.But wave-power technology development has been plagued by the unpredictability of the source and technical troubles stemming from the harsh ocean water environment.