Protean Wave Energy is to install two further devices by the end of September at its Port of Bunbury demonstration array in Western Australia.
Satisfied by data from an independent review of the first Protean wave energy converter installed in May, the Australian developer will proceed with initial plans to install three devices by the end of the third quarter.
Protean has appointed EcoFin Solutions to evaluate the actual compressed air power production from the demonstration wave farm versus the expected output.
The study will inform a pre-feasibility assessment targeting Protean’s first commercial wave farm.
Protean has also hired Stephen Rogers as managing director of the company, effective from 26 July, replacing Bruce Lane, who has resigned from the board.
Rogers will be responsible for “driving project outcomes, implementing risk management strategies and strong commercial discipline as the company progresses towards a pilot project that attracts power purchase customers and brings the Protean WEC technology to market at the earliest opportunity”.
He was previously a senior vice president at Woodside Energy.
Image: Protean wave energy converter (Protean)
