Oceanlinx is a wave energy converter device company. A wave energy converter is a device which uses wave energy and converts it into electrical energy operating on the oscillating water column principle. The Oceanlinx was developed in Australia. The technology has developed greatly in the past ten years thanks to the large amount of international private funds it has received. It uses advanced oscillating column technology to extract the energy from the waves. This device uses Renewable Energy. Oceanlinx entered receivership on 24 March 2014, and KordaMentha Restructuring was appointed receiver and Manager. Deloitte were appointed administrators at the same time. During the administration period, Deloitte sold the company's intellectual property to Wave Power Renewables Limited in Hong Kong.
1997 - Oceanlinx is founded by Dr. Tom Denniss (As Energetech Australia Pty limited)
1999 - Oceanlinx receives a A$750,000 Federal Government Grant to develop the Port Kembla project
2001 November - Energetech closes a round of venture capital funding with the Connecticut Clean Energy fund in the United States, enabling the establishment of a US subsidiary, Energetech America
2002 - Three European investment groups specializing in innovative energy technology invest US$3.75 million, and German based RWE Dynamics invests US$750,000
2003 March - The first full-scale Denniss-Auld turbine is successfully constructed and tested
2003 November - Energetech America receives grant funding of US$750,000 from two state renewable funds for the development and construction of a wave energy project in Rhode Island, USA
2004 May - Energetech is awarded a A$1.21 million research & development grant by the Australian Federal Government, facilitating its Wave Energy Optimisation program
2004 December - Tom Engelsman joins Energetech as Chief Executive Officer appointed by the Board replacing Dr. Tom Denniss
2005 March - Energetech launches its Industry Advisory Service division
2005 April - The Centre for Energy and Greenhouse Technologies invests A$500,000
2006 December - Energetech completes a permanent installation of its Port Kembla Wave Energy Plant which is still in Port Kembla awaiting removal
2007 April - The company changes its name to Oceanlinx
2008 April - David Weaver is appointed as CEO replacing Tom Engelsman. Port Kembla unit is decommissioned
2009 April - Ali Baghaei becomes CEO and MD of Oceanlinx
2010 March - MK3 prototype launch at Port Kembla and successfully grid connected for the first time under the management of the new CEO, Ali Baghaei
2010 May - Abnormal weather and unforeseeable damaging waves meant the MK3 prototype broke free of its moorings at Port Kembla. MK3 was successfully and safely removed
2013 October - Oceanlinx launched the world's first 1MW wave energy converter unit 'greenWAVE'
2014 March - During transport 'greenWAVE' structure some of the external buoyancy airbags sustained unknown damage and is towed to shallow water of coastal South Australia
2014 March - KordaMentha Restructuring are appointed receivers and managers of Oceanlinx Limited.
2014 March - Deloitte are appointed administrators of Oceanlinx Limited
2014 November - the technology, IP and trade name (Oceanlinx) were sold by Deloitte to a group in Hong Kong, Wave Power Renewables Limited.
The Oceanlinx waver energy conversion technology uses an air turbine, known as the AIRWAVE turbine, a bi-directional airflow turbine; this turbine was developed specifically for the Oceanlinx technology. The electrical generation or the desalination equipment are 'off-the-shelf' add-ons. The AIRWAVE Turbine is the only moving part and sits above the water. This is an advantage, the fewer moving parts the better and it means that the turbine is in less contact with the corrosive sea water.
The firm is developing this deep-water technology to generate electricity from, ostensibly, easy-to-predict long-wavelength ocean swell oscillations. Oceanlinx recently began installation of a third and final demonstration-scale, grid-connected unit near Port Kembla, near Sydney, Australia, a 2.5 MWe system that is expected to go online in early 2010, when its power will be connected to the Australian grid. The company's much smaller first-generation prototype unit, in operation since 2006, is now being disassembled.
Due to a severe rogue wave in May 2010 the MK3 prototype broke free of its moorings.☃☃ It was an unfortunate and unforeseen extreme weather condition which caused this incident. The unit was successfully connected to the grid and sold electricity to the grid operator. Subsequently the unit was successfully and safely removed in 2010.
In March 2014, Oceanlinx greenWAVE generator was stranded after flotation bags were damaged during the towing, offshore from Carrickalinga, South Australia. The generator was being towed to Port Macdonnell, where it was intended to generate electricity for onshore use. In April 2015 the structure remained in place where it was stranded.