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Aquagen Technologies
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Developer of wave energy conversion (WEC) technology

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Founded in

Company type Private Public ()
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Industry Group energy & power

Sector hydro & marine

TRL Range
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Australia Victoria, Australia
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Updated by Cleantech Group on 09/04/2020

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IPO INFORMATION

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Description

Date Investors Type Amount
08/08/2013 Commercialisation Australia Commercialisation Australia (1)
Post-money valuation of
The Commercialisation Australia project will enable the manufacture, installation and demonstration of the first pilot version of the patented SurgeDrive® system on Lorne Pier in Victoria.
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Products
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Product image Name Product status Revenue model Cost metrics

SurgeDrive

Buoyant oscillation system that converts the surge power of waves into electricity

Pilot/Early Revenue Products - Wholesale
$/kW (current)
$/kW (projected)
$/kWh (current)
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