SyncWave gets CAN$2.7 million funding

SyncWave Systems Inc. has received CAN$2.7 million from the federal government towards a wave energy project to be tested off the west coast of Vancouver Island. 

The funding has come from Sustainable Development Technology Canada (SDTC), a non-profit foundation created by the federal government that finances the development of clean technologies. It will be used for development and demonstration of the SyncWave Power Resonator (SPR). 

SyncWave Power Resonator technology was invented and developed by SyncWave Energy Inc. (SEI) of Pemberton, BC, with scientists and engineers from the University of Victoria, and engineered for the open ocean with Marinus Power LLC, of Houston, Texas. It makes power by capturing the motion differential (phase lag) between two dissimilar float structures. The phase lag is continuously maximised under varying swell frequencies via a proprietary variable inertia tuning system located inside the large oscillator float, according to the company.  

The company, a technology commercialisation venture formed by Marinus Power LLC and SyncWave Energy Inc (SEI), of Pemberton, British Columbia,  is working on its plans to bring to market in 2010 its concept for wave energy conversion based on frequency.

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