Bombora wave power

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.

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

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

• Wave energy converters
• Ocean energy systems
• Membrane wave technology
• Offshore renewable power
• Utility-scale wave farms

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. 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.
2. Technology Licensing: Licensing of patented mWave technology to regional partners for manufacturing and distribution in specific geographies such as Asia-Pacific.
3. 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

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

16 partnerships are on record, tiered core and minor.

• Mitsui O.S.K. Lines (MOL)coreStrategic or Co-development Partner · 14 October 2021MOL'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 or Co-development Partner · 1 April 2021Strategic 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)coreStrategic or Co-development Partner · 7 January 2021Agreement 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)minorStrategic or Co-development Partner · 12 May 2020Partnership 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 or Co-development Partner · 28 April 2020Strategic 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 ServicesminorImplementation/ SI/ Consulting Partner · 1 August 2019Awarded key contract for fabrication of cell modules for mWave energy demonstration project. Pembrokeshire fabricator producing 30-tonne steel cell modules.
• EnzencoreChannel Partner/ Reseller/ Distributor · 25 April 2019Enzen 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 SolutionsminorImplementation/ SI/ Consulting Partner · 28 March 2019Awarded 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 IndonesiaminorChannel Partner/ Reseller/ Distributor · 22 June 2015Technology Evaluation Agreement precursor to manufacturing and distribution arrangement for Bombora Wave Energy Converters in Indonesia.
• PAWSEY Supercomputing CentreminorStrategic or Co-development Partner · 24 October 2014Partnership using WA's most powerful computer to simulate mWave performance, greatly reducing expenditure on physical testing.
• University of Tasmania (Australian Maritime College)minorStrategic or Co-development Partner · 1 January 2014Partnership advancing research into optimal design for ocean wave energy converters, progressing to next phase of collaborative research.
• Wave Energy Scotland (WES)minorStrategic or Co-development PartnerEuropeWave 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)minorStrategic or Co-development PartnerFinal phase of EuropeWave will see prototype technologies tested at EMEC test facility in Orkney.
• Basque Energy Agency (EVE)minorStrategic or Co-development PartnerPartner in EuropeWave programme with testing at Biscay Marine Energy Platform (BiMEP) in Spain.
• WavECminorStrategic or Co-development PartnerLisbon-based partner for Portugal project environmental approval process and deployment planning.
• Carnegie Clean EnergyminorStrategic or Co-development PartnerCooperation 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

Direct 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

• YouTubeyoutube.com/channel/UCzfGOcMH9TKgH1VVtXMxWag
• LinkedInlinkedin.com/company/bombora-wave-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bombora wave power