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The purpose of the collaboration is for the parties to jointly investigate the development of commercial wave energy power projects in the Australian National Electricity Market (NEM).Eco Wave Power will recognize MEA as a supporting partner, lead the investigation into the application of wave energy in Australia and identify opportunities for the application of the Eco Wave Power Background IP. For further information see the IDTechEx report on Wave, Tidal and Hydro Power 1W-10MW 2018-2038.
Jason Stein, CEO of Meridian Energy Australia said: Meridian proudly generates only from 100% renewable sources in Australia. Our current generation assets are wind and hydro, so by entering this collaboration we are excited to investigate the potential of wave energy in Australia. We believe that renewable energy is the only way forward and are always looking at ways to diversify and grow our renewable energy portfolio in Australia.
STOCKHOLM, Dec. 10, 2020 /PRNewswire/ Today, Eco Wave Power (EWPG HOLDING AB, Stock Symbol: ECOWVE) is pleased to announce the signing of a collaboration agreement with Meridian Energy Australia Pty Ltd. Meridian