Every year, there is a green fad that claims it’s going to ‘save the world’ with some kind of renewable gimmick. In 2023, it’s the doomed money pit of green hydrogen – at the turn of the millennium, it was wave energy.
Established in 1997, Oceanlinx focused on ocean-based renewable energy harvesting, particularly its Wave Energy Converter (WEC). In 1999, the federal government, under Howard, gave the company a grant of $750,000 to pursue WEC technology before a second grant of $1.21 million was issued for research and development.
Well that went awfully wrong.
