nautical miles offshore before scuttling it in June 2017. GreenWAVE prototype In 2012, Oceanlinx attracted funding to further develop its technology under the name GreenWAVE. The development of the GreenWAVE prototype was funded by the Australian Government (approx. AUD$4.4 million) and private investment (approx. AUD $3.6 million). The Australian public funding was provided by the Australian Renewable Energy Agency under the Emerging Renewables Program. The prototype device with a generating capacity of 1MW was completed and unveiled in October 2013. It measured 24 metres long by 21 metres wide and weighed 3,000 tonnes. The structure was designed to have no moving parts below the water line to require no mooring or anchorage. It was intended to sit 4 kilometres offshore from Port Macdonnell, where it would provide electricity for local consumption via a deal with Diamond Energy. In 2014, the four-day journey to tow the GreenWAVE prototype into place at Port Macdonnell began. During towing, the airbags supporting the unit sustained damage, causing the unit to lean. The GreenWAVE generator was then towed to shallow water near Carrickalinga, South Australia, where it sank to the seabed and remains stranded. The incident led the company into receivership and the prototype was abandoned by the appointed manager. As of 2020, residents of Carrickalinga continue to lobby the Government of South Australia to remove the structure. In October 2020 it was announced that the partial removal efforts scheduled for October–November that year would be delayed due to poor weather, and would instead be carried out January–March 2021. Receivership and intellectual property Following the GreenWAVE accident, Oceanlinx entered receivership in 2014. The technology, IP, brand and trademark were sold to Wave Power Renewables Limited. In 2016, inventor Tom Denniss and founding director of Oceanlinx (as Energetech Australia Pty Ltd) established the new public, unlisted Australian company Wave Swell Energy to commercialise his Oscillating Water Column wave generation technology. References External links Oceanlinx Homepage Renewable energy in Australia Companies established in 1997