Bombora was founded in 2012 in
Bombora has developed a patented membrane-style wave energy converter, mWaveTM which is unique among wave energy converters as it simultaneously addresses the cost of energy and ocean wave survivability challenges, whilst delivering a utility scale solution.
MOL invested in Bombora to support its technology and global opportunity that mWaveTM presents after 18 months of close collaboration between the parties.
Bombora will use the funds to further the development and operational capability of Bombora's patented mWaveTM technology, including the completion of its 1.5MW mWaveTM validation project due to be installed off the
This investment cements the strong relationship between the two companies, moving to the next stage of close collaboration, strengthening the project development capability of the group in
We have worked closely with MOL over the last 18 months and are delighted to strengthen our relationship through this investment. MOL bring invaluable expertise in marine operations, local industry supply chain knowledge and can provide support in project development in
The MOL investment underpins Bombora's wider capital raising initiatives to propel the company through the next phase and for delivery on commercial projects.'
MOL is conducting an investigation to select the suitable sites for mWaveTM and InSPIRE platforms in
Please refer to
Ends
Image: Floating mWaveTM co-located or integrated with Floating Wind Turbines to optimise seabed lease area utilisation, maximise marine energy generation capacity and reduce the cost of energy.
About Bombora and mWaveTM
Founded in
Bombora has developed a membrane style wave energy converter called 'mWaveTM'
mWaveTM is unique among wave energy converters as it simultaneously addresses the 'cost of energy' and 'ocean wave survivability' challenges whilst delivering a utility scale solution.
The mWaveTM harnesses wave energy at large scale to produce environmentally friendly, consistent and cost-competitive renewable energy for commercial power generation
mWaveTM can be installed in both nearshore and offshore sites with good wave resources to generate sustainable clean energy
Bombora is currently completing the 1.5MW mWaveTM
Bombora is also working with global EPCI contractor
Phase 1: 12MW Demonstrator - Integrated mWaveTM (4MW) and wind turbine (10MW) on an integrated floating platform
Phase 2: 18MW Pre-Commercial - Integrated mWaveTM (6MW) and wind turbine (12MW) on an integrated floating platform.
Bombora is progressing project opportunities in Lanzarote,
www.bomborawave.com
About
MOL announced 'MOL Group Environmental Vision 2.1' in
To achieve it, MOL will pursue 'Adoption of
(C) 2022 Electronic News Publishing, source