Awards & Accolades
The potential of our revolutionary technology has been consistently recognized, both nationally and internationally.
In 1999 the European Union’s Independent Adviser on Wave Energy declared that “the ... technology is likely to be the first to make wave energy commercially viable” since then the technology developer recognition has continued to grow.
A 2004 report by the Electric Power Research Institute (EPRI) in the US, ranked the technology as the lowest cost producer of electricity in a like-for-like comparison with all other wave energy companies at the time. The US based International Academy of Science named the technology as one of the Ten Most Outstanding Technologies in the World for 2006. This award pertained to technologies of any type throughout the world, not just energy technologies.
In November 2009, at an awards ceremony in Shenzhen, China, the United Nations Industrial Development Organization (UNIDO) ranked it third in their list of the Top Ten Renewable Energy Investment Opportunities in the World. In September 2010, at the annual EcoGen Awards in Sydney, Australia, a third scale floating test device deployed in Australia was named the Most Outstanding Clean Energy Technology Innovation.
Most recently the aquaWAVE™ unit was awarded the top prize in the Energy and Minerals category in The Australian Innovation Challenge 2012. The award acknowledged aquaWAVE™ as one of Australia’s most promising and innovative ideas.
We look forward to such awards and accolades continuing, as we move into full commercialization phase, thus helping wave energy to take its rightful place among the global mix of renewable energies.