Thanks to a just-announced AUD$5 million (US$5.1 million) grant from the Victorian Minister for Energy and Resources. Australia's BioPower Systems is to launch a AUD$14 million (US$14,365,000) four-year pilot demonstration unit, to be installed at a grid-connected site near Port Fairy, Victoria. Some other funds have already been obtained, leaving $3.6 million still to be raised.While the 250-kilowatt pilot system would operate in 30-meter (98.5-foot)-deep waters, the planned 1-megawatt commercial-scale units would work at depths of 40-45 meters (131-148 feet), each one running four O-Drives in parallel. A number of such units could be located in one area where the depth and wave action are ideal, creating "wave farms."
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