Bombora wave power
Bombora Wave Power is a private Australian-founded marine energy company that designs and commercialises the patented mWave membrane-style Wave Energy Converter, selling to utilities, project developers, island-nation governments, and offshore wind operators across the UK, Europe, Asia-Pacific, and Africa.
- Company typePrivate
- Founded2012
- HeadquartersPerth, Australia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Bombora wave power does
Bombora Wave Power is a private Australian-founded marine energy company that designs, develops, and commercialises the patented mWave membrane-style Wave Energy Converter (WEC). Its technology uses air-inflated concave cell modules with flexible rubber membranes mounted on steel foundations 10–11 metres below the ocean surface; as waves pass overhead, air is forced through one-way valves into a duct system with an axial turbine and variable-speed generator, producing electricity. Each mWave unit is rated at 1.5MW (claimed to be the world's most powerful single WEC) and the device features automatic storm-shutdown, a fully submerged profile, and modular replaceable cells. The 75m-long, 900-tonne flagship device is being deployed in the £15M 1.5MW Pembrokeshire Demonstration Project off Wales, part-funded by £13.4M from the European Regional Development Fund.
The company operates across four core use cases: utility-scale wave farms, integration with floating offshore wind (the InSPIRE hybrid platform developed with TechnipFMC at 14MW and 18MW configurations), island-nation decarbonisation (Canary Islands, Mauritius, Japan), and offshore oil-and-gas platform electrification. Headquartered in Pembroke Dock, Wales with a residual office in Western Australia, Bombora sells principally to utilities, energy producers, project developers, and island-state governments through direct enterprise sales supplemented by regional channel partners (MOL in Asia, Enzen in Spain/Canary Islands) and the global EPCI capability of TechnipFMC. Revenue mechanics today depend almost entirely on non-dilutive grants and strategic corporate investment rather than commercial hardware sales, with commercial revenue contingent on the first utility-scale wave farm deployment.
The business is pre-revenue commercially but has assembled a meaningful stack of capital, IP, and partnerships: cumulative disclosed funding exceeds £20M (ARENA grants, ERDF via Welsh Government, Enzen, Greenbackers, and MOL), international patents protect the mWave architecture, and a 21–23 person team is anchored by an industry-experienced leadership group including Chairman Richard Beresford (ex-Woodside, CLP Power, BG), Managing Director Sam Leighton, and a recently strengthened commercial and finance leadership. Project pipeline spans the UK, Spain, Portugal, Japan, Mauritius, and Indonesia, addressing an addressable market scaled in tens of gigawatts according to GWEC and Rethink Energy projections for combined wave and floating offshore wind.
Bombora wave power firmographics
Firmographics- Name
- Bombora wave power
- Legal name
- Bombora Wave Power Pty Ltd
- Website
- https://bomborawave.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Bombora Wave Power is a private Australian-founded marine energy company that designs and commercialises the patented mWave membrane-style Wave Energy Converter, selling to utilities, project developers, island-nation governments, and offshore wind operators across the UK, Europe, Asia-Pacific, and Africa.
- Ownership category
- akta.pro rank
Bombora wave power industry classification
Industry- Product category
- Wave Energy Conversion / Marine Renewable Energy
- NAICS
- Turbine and Turbine Generator Set Units Manufacturing (333611), Electric Power Generation (22111)
- SIC
- Engines & Turbines (3510), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Wave Energy Converter (WEC) Power Generation (EUACAJAC)
- akta.pro secondary industries
- Marine & Hydrokinetic R&D (Tidal, Wave, River Current, OTEC) (EUAMAOAD), Power Electronics for Renewable & Grid-Tied Applications (Solar inverters, wind converters, grid-tie interfaces) (IMAGADAJ)
Keywords
Where Bombora wave power is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Bombora wave power business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- Wave Energy Converter Sales: Sale of mWave wave energy converter systems to utilities, energy producers, and project developers for grid-connected wave farms. Revenue from equipment supply, installation, and commissioning.
- Technology Licensing: Licensing of patented mWave technology to regional partners for manufacturing and distribution in specific geographies such as Asia-Pacific.
- Offshore Oil and Gas Electrification: Supply of floating mWave platforms to power offshore oil and gas installations, providing clean energy for platform electrification.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
Bombora wave power product offering
Product offeringCore offering
Bombora Wave Power develops and sells the patented mWave™ membrane-style Wave Energy Converter (WEC), a utility-scale device that uses air-inflated concave cell modules with flexible rubber membranes mounted on steel structures beneath the ocean surface to convert wave motion into renewable electricity via axial turbines. The company delivers multi-megawatt wave farm projects, hybrid wave + offshore wind floating platforms (InSPIRE), and integrated electrification solutions for offshore oil and gas platforms.
Product overview
Bombora Wave Power offers the mWave™ as its core product, a patented membrane-style wave energy converter (WEC) that converts ocean wave energy into utility-scale renewable electricity. The technology uses modular air-inflated cell modules with rubber membranes that harness wave motion to drive turbines and generators. The product portfolio includes the flagship 1.5MW mWave Pembrokeshire Demonstration Project (part-funded by ERDF), the InSPIRE integrated hybrid platform combining mWave with floating wind turbines (in partnership with TechnipFMC), and various commercial wave park projects including Lanzarote (3MW) and Japan/Mauritius initiatives. The mWave addresses both cost of energy and ocean wave survivability challenges, suitable for nearshore and offshore deployment.
Differentiator
Problem solved
Functional benefit
Brands
- mWave™: Bombora's patented membrane-style wave energy converter technology that converts wave power into renewable electricity. The product is designed to be utility-scale, robust, and cost-efficient for both nearshore and offshore installations.
Products and services
- mWave™ Wave Energy Converter Patented membrane-style wave energy converter that harnesses wave energy at utility scale using air-inflated concave cell modules with rubber membranes mounted on steel foundations below the ocean surface, driving axial turbines and generators to produce renewable electricity; configurable for nearshore or floating offshore deployment and sold to utilities, energy producers, and project developers.
- mWave Pembrokeshire Demonstration Project 1.5MW wave energy converter demonstration project located off the coast of Pembrokeshire, Wales. The 900-tonne device measures 75m long, 15m wide, and 6m high. Part-funded by £13.4m European Regional Development Fund (ERDF) through Welsh Government. Validates mWave technology in open ocean at Technology Readiness Level 7/8.
- InSPIRE Integrated Platform (hybrid wave + floating wind) Hybrid floating offshore platform combining mWave wave energy technology with floating wind turbines, developed with TechnipFMC using their iEPCI approach. Phase 1 Demonstrator delivers 14MW combined capacity (4MW mWave + 10MW wind turbine). Phase 2 Pre-Commercial targets 18MW capacity (6MW mWave + 12MW wind turbine).
- Lanzarote Wave Park
Quantifiable outcome
- LCOE target of €60/MWh at commercial scale for integrated wind+wave platforms
- +4 more outcomes
Companies that use Bombora wave power
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Bombora wave power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Bombora wave power partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and minor.
- Mitsui O.S.K. Lines (MOL)coreMOL's Mauritius wave energy project with Bombora received subsidy from Japan's Ministry of Economy, Trade and Industry (METI). Partnership supports wave energy business evaluation in Japan and Asia.
- TechnipFMCcoreStrategic partnership to develop floating wave and wind power project combining TechnipFMC's integrated EPCI capabilities with Bombora's patented multi-megawatt mWave technology. Partnership focuses on InSPIRE project developing hybrid floating platforms with 14MW Series 1 and 18MW Series 2 capacity. Engineering work initiated November 2020.
- Mitsui O.S.K. Lines (MOL)coreAgreement to identify wave energy potential across Japan and neighboring regions. Following internal technology review of mWave, parties progressed to second phase of collaboration to identify sites for mWave and combined wind+mWave projects.
- ORE Catapult (Offshore Renewable Energy Catapult)minorPartnership with ORE Catapult's Marine Energy Engineering Centre of Excellence (MEECE) in Wales to launch floating wave technology research project. Techno-economic appraisal of extending mWave into offshore environment and co-location feasibility with floating wind structures.
- Enzen SpainminorStrategic partnership with Enzen Spain in consortium responding to decarbonisation strategy of Cabildo de Lanzarote. Completed metocean survey campaign for 3.0MW Lanzarote wave park.
- Altrad ServicesminorAwarded key contract for fabrication of cell modules for mWave energy demonstration project. Pembrokeshire fabricator producing 30-tonne steel cell modules.
- EnzencoreEnzen selected Bombora to supply grid-connected wave farm for Lanzarote project. Partnership with governing body Cabildo de Lanzarote to deliver renewable energy with no visual pollution.
- Mainstay Marine SolutionsminorAwarded contract for fabrication and assembly of main structure for first full-scale mWave. Welsh workboat builders and marine engineers with 30+ years experience in Pembroke Dock.
- ANOA Power IndonesiaminorTechnology Evaluation Agreement precursor to manufacturing and distribution arrangement for Bombora Wave Energy Converters in Indonesia.
- PAWSEY Supercomputing CentreminorPartnership using WA's most powerful computer to simulate mWave performance, greatly reducing expenditure on physical testing.
- University of Tasmania (Australian Maritime College)minorPartnership advancing research into optimal design for ocean wave energy converters, progressing to next phase of collaborative research.
- Wave Energy Scotland (WES)minorEuropeWave programme collaboration between Wave Energy Scotland, Basque Energy Agency, and Ocean Energy Europe channeling ~€20 million to procure wave energy technology solutions.
- European Marine Energy Centre (EMEC)minorFinal phase of EuropeWave will see prototype technologies tested at EMEC test facility in Orkney.
- Basque Energy Agency (EVE)minorPartner in EuropeWave programme with testing at Biscay Marine Energy Platform (BiMEP) in Spain.
- WavECminorLisbon-based partner for Portugal project environmental approval process and deployment planning.
- Carnegie Clean EnergyminorCooperation with Carnegie on Albany Wave Energy Project (AWEP) to deploy mWave at common user wave energy infrastructure site in Western Australia.
Scale indicators16 records
Recent moves8 records
Expansion highlights6 records
Bombora wave power competitors and assessment
Company assessmentDirect peers
- Wave Swell Energy: New Zealand-based developer of an oscillating water column wave energy converter. Comparable as a peer WEC developer focused on utility-scale demonstration and commercial deployment, with similar geography-diversified project pipeline.
- Mocean Energy: Scotland-based wave energy developer designing WECs for offshore oil & gas and remote island applications. A close peer given similar pre-commercial stage, UK/European ecosystem overlap, and shared emphasis on modular, survivable WEC designs.
- Ocean Power Technologies: US-listed developer of PowerBuoy wave energy converters for offshore applications including oil & gas, defense, and ocean observing. Directly comparable as a multi-megawatt WEC developer targeting utility-scale and offshore platform use cases.
- CorPower Ocean: Sweden-based wave energy developer with a point-absorber WEC technology. A direct peer in the utility-scale WEC race, pursuing similar demonstration-to-commercial milestones in Europe and competing for the same EU and UK grant funding pools as Bombora.
- Eco Wave Power: Israel-based wave energy company with installed projects including grid-connected wave energy arrays. A direct competitor in the global race for utility-scale wave energy, with a different floater-based architecture but identical end markets.
- Carnegie Clean Energy: Australia-headquartered wave energy developer (CETO technology) that was an actual past co-development partner of Bombora on the Albany Wave Energy Project. Both target utility-scale wave energy using different WEC architectures and pursue global project pipelines.
- AW-Energy: Finland-based developer of the WaveRoller submerged wave energy converter. Directly comparable in that both Bombora and AW-Energy use fully-submerged WEC designs targeting near-shore utility-scale projects.
Emerging players
- Principle Power: Developer of the WindFloat floating offshore wind platform. Highly relevant as an adjacent floating-offshore-wind technology company; the WindFloat ecosystem overlaps with Bombora's InSPIRE hybrid strategy where mWave integrates onto floating wind platforms.
- SINN Power: Germany-based modular wave energy converter developer using a different oscillating-body architecture. Comparable as a smaller, geographically focused WEC competitor in the European marine energy ecosystem competing for similar demonstration funding.
Broad incumbents
- TechnipFMC: Global integrated EPCI contractor for offshore oil & gas and offshore wind. Although a partner rather than a competitor, TechnipFMC is the broader incumbent that controls the offshore construction value chain Bombora must integrate with — its strategic priorities materially shape Bombora's commercialization path.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Bombora wave power social profiles
Digital presenceBombora wave power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bombora wave power leadership team
Management profileNumber of profiles
Profiles7 records
Bombora wave power funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bombora wave power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bombora wave power
What does Bombora wave power do?
Bombora Wave Power develops and sells the patented mWave™ membrane-style Wave Energy Converter (WEC), a utility-scale device that uses air-inflated concave cell modules with flexible rubber membranes mounted on steel structures beneath the ocean surface to convert wave motion into renewable electricity via axial turbines. The company delivers multi-megawatt wave farm projects, hybrid wave + offshore wind floating platforms (InSPIRE), and integrated electrification solutions for offshore oil and gas platforms.
Is Bombora wave power a public or private company?
Bombora wave power is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bombora wave power founded?
Bombora wave power was founded in 2012. It employs 11 to 50 people.
Where is Bombora wave power based?
Bombora wave power is headquartered in Perth, Australia, in the Oceania region.
How does Bombora wave power make money?
Three revenue lines are on record. Wave Energy Converter Sales are the primary driver. The others are technology Licensing and offshore Oil and Gas Electrification.
Who are Bombora wave power's main competitors?
Direct peers on record are Wave Swell Energy, Mocean Energy, Ocean Power Technologies, CorPower Ocean, Eco Wave Power, Carnegie Clean Energy and AW-Energy. Emerging players are Principle Power and SINN Power. TechnipFMC is listed as a broad incumbent.
Does Bombora wave power have an API?
No public API is recorded for Bombora wave power.
What industry is Bombora wave power in?
Bombora wave power's product category is Wave Energy Conversion / Marine Renewable Energy. Its primary akta.pro industry code is EUACAJAC, Wave Energy Converter (WEC) Power Generation, with a secondary code of EUAMAOAD, Marine & Hydrokinetic R&D (Tidal, Wave, River Current, OTEC). Its NAICS code is 333611 and its SIC code is 3510.