BioPower Systems

What BioPower Systems does

BioPower Systems is an Australian renewable energy company focused on the extraction of energy from ocean waves. Founded in 2006 and headquartered in Sydney, the privately-held company operates in the marine energy sector and is referenced in 2025-2026 industry market research as an active competitor alongside firms such as Carnegie Clean Energy, CorPower Ocean, Orbital Marine Power, Blue Energy Canada, OpenHydro Group, Pulse Tidal, and Verdant Power. The company markets itself under the trade name BPS.ENERGY, with an active web presence at bps.energy.

The company's disclosed capital history consists of a single funding round of approximately $16.1M closed on 2015-06-29, with the Australian Renewable Energy Agency and the State Government of Victoria listed as investors. No subsequent funding rounds, acquisitions, partnerships, product launches, or leadership changes are documented in the available sources. The organization currently has between 1 and 10 employees and there are no disclosed details on specific wave energy technology, proprietary components, deployment pipeline, or commercial offtake agreements.

The business model and revenue mechanics are not disclosed in the source data. There is no published pricing, no named customers, no segment mix, and no evidence of commercial-scale energy generation or grid-connected deployment. The company's continued inclusion in recent industry reports suggests operational continuity, but the absence of post-2015 funding events and the small headcount over a nearly two-decade operating history indicate that BioPower Systems has not transitioned to commercial-scale operations based on available information.

Name

BioPower Systems

Website

https://bps.energy

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

BioPower Systems is an Australian privately-held renewable energy company founded in 2006 and headquartered in Sydney. The company focuses on extracting energy from ocean waves and operates in the marine energy sector under the trade name BPS.ENERGY.

Ownership category

akta.pro rank

Product category

Marine Renewable Energy

akta.pro industry

PRIMARYEUACAJAC

Wave Energy Converter (WEC) Power Generation

Energy, Utilities & Environment/Electric Power Generation/Marine & Tidal/Wave Power Generation

SECONDARYEUAMAOAD

Marine & Hydrokinetic R&D (Tidal, Wave, River Current, OTEC)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Energy Technology Innovation (R&D & Emerging Tech)

Keywords

• Wave energy conversion
• Marine renewable energy
• Ocean energy systems
• Wave power generation
• Marine energy technology

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations

Core offering

BioPower Systems develops technology for extracting electrical energy from ocean waves, operating in the marine renewable energy sector. The company focuses on wave energy conversion hardware intended for deployment by utilities, governments, and energy developers.

Differentiator

Problem solved

Functional benefit

Products and services

• Wave energy conversion systems Hardware and technology for extracting electrical energy from ocean waves, intended for utilities, government agencies, and marine renewable energy developers.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights2 records

Direct peers

• OpenHydro Group: Irish tidal energy company (acquired by Naval Energies, subsequently dissolved) that developed seabed-mounted tidal turbines. Historical marine energy peer explicitly named alongside BioPower in industry research.
• Orbital Marine Power: Scottish tidal stream energy company (formerly Scotrenewables) that has deployed the world's most powerful operational tidal turbine. Peer in the marine renewable energy category, explicitly named alongside BioPower.
• Carnegie Clean Energy: Australian wave energy technology developer (CETO WEC system) headquartered in Perth. Most direct geographic and technology peer to BioPower Systems, similarly listed alongside it in marine energy competitive analyses.
• AWS Ocean Energy: Scottish developer of Archimedes Wave Swing and subsequent WEC concepts. Direct WEC technology peer, comparable scale and commercialization stage to BioPower.
• Verdant Power: US-based tidal stream energy developer with deployments in New York's East River. Direct marine energy peer, explicitly named alongside BioPower in industry research.
• Blue Energy Canada: Canadian developer of in-stream tidal energy technology. Explicitly named as a marine energy peer to BioPower Systems in market research.
• Nova Innovation: Scottish tidal stream developer with commercial-scale Shetland Tidal Array deployment. Marine energy peer in the ocean renewables category.
• CorPower Ocean: Swedish developer of wave energy converters using a point-absorber design. Direct technology peer in the WEC category, also explicitly named as a competitor to BioPower in industry research.
• Wave Swell Energy: Australian developer of oscillating water column wave energy technology. Closest geographic peer to BioPower with comparable technology focus and stage.
• Pulse Tidal: UK-based tidal stream technology developer (acquired by Alstom in 2014). Explicitly named alongside BioPower in marine energy competitive analyses as a tidal technology peer.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat1 record

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

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 BioPower Systems