The Australian Renewable Energy Agency (ARENA) is providing $181,000 funding to help Bombora Wave Power complete a detailed cost of energy study for its wave energy converter.

Bombora’s wave energy converter design uses a responsive rolling membrane fitted to a long concrete arm resting on the sea floor. The membrane pressurises air, which is passed through a turbine to generate electricity.

Late last year, Bombora launched a mid-scale field trial at Melville Waters in Perth.

“Bombora has been developing its innovative wave energy device for five years. This study is an opportunity for Bombora to prove the case for its technology and continue the journey towards a commercial solution that could strengthen Australia’s position as a leader in wave power,” ARENA Chief Executive Ivor Frischknecht said.

The $362,000 study will involve key suppliers for all major components of the system, refining earlier investigations – including design reviews and production costing.

The cost of energy study is due for completion in March 2016.