• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 36 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days The United States produced more crude oil than any nation, at any time.
  • 10 days e-truck insanity
  • 9 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 8 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 10 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 10 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)

Breaking News:

Traders Place Bets On $250 Oil

BioPower Systems Announce Strategic Partnership with Shanghai Electric

BioPower Systems has just announced that it will form a business alliance with the large Chinese industrial organisation, Shanghai Electric Power Generation Group.

After six years of research and development and a total of $10.6 million of funding from the Australian Government and the Victorian Government, BioPower Systems is set to begin constructing its pilot demonstration project just off the coast of Port Fairy, Victoria in 2013.

Shanghai Electric is only going to act as an observer for the pilot demonstration. After that is completed it will then take an active role in the development and commercialisation of the bioWAVE ocean wave energy system.

Dr. Timothy Finnigan, the CEO of BioPower Systems, explained that “it will be necessary for ocean energy systems to be both substantial in scale and technically sophisticated, in order to become cost competitive.”

Related Article: Riding the Wave of Marine Energy Generation

“This alliance, between BioPower Systems and what is one of the largest diversified equipment manufacturing groups in China, intends to enable development of the bioWAVE to a commercial stage within a reasonable time frame.”

BioPower Systems hope that with the help of Shanghai Electric it will be able to successfully launch a new 1MW commercial scale bioWAVE unit.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News