ACRE Funds Hydro, Wave Projects
May 3, 2012
Australia’s renewable energy Commercialisation program – ACRE’s Emerging Renewables – this week announced funding for two further projects: a wave energy project by Carnegie, and bio design hydropower by Waratah Power.
The Carnegie project consists of almost $10m for project development of its technology to harness wave-pressurized water in Western Australia.
The Waratah Power project is aimed at defining turbine design for small hydro turbines based on aquatic fauna vulnerability to hydraulic stresses.
More detail can be found in the speech by Federal Minister Martin Ferguson.
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Commercial Climate 
Obviously, investment in CleanTech solutions is vital. Do you think that for start-ups and new innovations events like the Australian CleanTech Open (http://www.cleantechopen.com.au/enter.html) can help find investors? Obviously not everyone is going to be able to get or need $10m in funding. It seems like for smaller or growing innovations this might help. I read that the 2011 Australian CleanTech Competition winner saw a huge increase in business and funding!