the Connecticut Clean Energy fund in the United States. This allowed the company to establish a US subsidiary: Energetech America. The following year, four European companies invested US$4.5 million. In 2003 a major milestone was reached with the construction and successful testing of the first full-scale Denniss-Auld turbine. Energetech America received grant funding of US$750,000 from two state renewable funds for the development and construction of a wave energy project in Rhode Island, USA. In 2004, Energetech was awarded a AUD$1.21 million research and development grant by the Australian Government to facilitate its Wave Energy Optimisation program. Tom Engelsman joined Energetech as Chief Executive Officer appointed by the Board and replacing Dr. Tom Denniss. In 2005, Energetech launched an Industry Advisory Service division, and attracted further investment of AUD$500,000 from the Centre for Energy and Greenhouse Technologies. In 2006, Energetech completed the installation of the Port Kembla MK1 prototype wave energy plant. The plant operated successfully for three years. Oceanlinx (2007–2014) Energetech changed its name to Oceanlinx in 2007. The following year, David Weaver was appointed as CEO, replacing Tom Engelsman. In 2009 Ali Baghaei was appointed CEO and MD and the MK1 prototype at Port Kembla was decommissioned. MK3 Prototype In 2010, the MK3 prototype was launched at Port Kembla and was successfully grid-connected for the first time. It was designed to generate 2.5MW of electricity. In May 2010 it broke free of its moorings and sank at the bottom of Port Kembla's eastern breakwater. Plans to remove the generator were delayed by years, exacerbated by the company entering receivership in April 2014. In December 2011, the Kilpatrick Group was engaged to remove the wave generator. In July 2012, Oceanlinx chief exposure Ali Baghaei said that a new contractor had been awarded the work, and that it would be removed within months. In March 2013, Roads and Maritime Services announced their intention sue Oceanlinx for failing to remove the generator. The action was dropped after an agreement of cooperation was reached with Oceanlinx. In July 2013, Oceanlinx's chairman Tibor Vertes said that Oceanlinx would attempt to remove the generator by the end of the year. The Illawarra-based contractor Blue Sky Services was appointed to remove the wave generator in late 2013. The removal of the structure was undertaken in two phases, beginning in October 2016. The second phase involved refloating the remains of the structure and towing it 50