Eco Wave Power has signed a collaboration agreement with Meridian Energy Australia.
Meridian Energy Australia (MEA) is a wholly owned subsidiary of Australasia’s renewable energy generator Meridian Energy.
The goal of the partnership is for the parties to jointly investigate the production of commercial wave energy projects in the Australian National Electricity Market (NEM). Eco Wave Power will consider MEA as a supportive partner, conduct an investigation into the use of wave energy in Australia and find prospects for the implementation of the Eco Wave Power Background IP.
“Meridian proudly generates only from 100% renewable sources in Australia. Our current generation assets are wind and hydro, so by entering this collaboration we are excited to investigate the potential of wave energy in Australia. We believe that renewable energy is the only way forward and are always looking at ways to diversify and grow our renewable energy portfolio in Australia.”Jason Stein, CEO of Meridian Energy Australia.
“It is our honor to work with Meridian Energy Australia. Meridian is demonstrating significant leadership by only generating electricity from renewable energy sources. We believe that this collaboration with Meridian, a global leader in renewable energy, is another significant step in the commercialization of wave energy”Inna Braverman, founder and CEO of Eco Wave Power.