Great news for this Australian developer of bio-inspired power generation systems:
SYDNEY, Nov. 30, 2011 /PRNewswire/ — Ocean energy company, BioPower Systems (BPS), today announced that the Victorian Minister for Energy and Resources, the Hon. Michael O’Brien MP, has awarded the company conditional funding support of $5 million under the Sustainable Energy Pilot Demonstration Program.
The funding will be applied towards the $14 million pilot demonstration of the company’s 250kW bioWAVE ocean wave energy system at a grid-connected site near Port Fairy, Victoria.