Stonehenge launches international development of low cost Wave Energy Converter

Development of the Protean wave energy converter technology, out of Perth, Western Australia, is being funded via reverse merger with Stonehenge Metals Ltd of Perth.

Stonehenge is listed on the Australian Stock Exchange (ASX: SHE) and is in the process of restructuring its operations and funding to focus on a staged commercialization and international roll-out of the technology.

Sean Moore is the inventor and developer of the Protean technology that includes a buoy (deployed in arrays), designed to efficiently convert all six degrees of wave motion into a useable form of energy.

The technology suite allows for production of both electricity and fresh water and will initially be aimed at island and coastal communities seeking to offset expensive diesel power and replace with production of a continuous stream of renewable energy.

The Company is also talking to ports.

Stage One trials were successfully completed at Coogee Beach, Western Australia, with a functional ocean test of a single Protean wave energy converter in approximately 8 feet of water.

See video of the test https://vimeo.com/lushdigital/review/136588591/d6a70783aa

Current configuration of the wave energy converter provides a peak power output of up to 1.5 kW from a wave height of 1.6 feet, and can be deployed in water depths of 16 to 328 feet. This means a single buoy could produce sufficient energy to power an average home in a developed economy.

The Protean wave energy converters are small and designed to be economically mass produced and shipped, easy to install, simple to hook up and maintain for low cost energy production.

Stage Two trials have been approved for the deployment of 30 Wave Energy Converter buoys at Bunbury Port off the coast of Western Australia, which is surrounded by some of the worlds richest areas of wave energy.

This first "demonstration wave farm" will output up to a maximum of 45 kW, with installation and commissioning expected to occur by the end of this year or early in the New Year.

Stonehenge has also followed up with an exclusive option to acquire 99% of Clean Energy Maldives, which is based in the Maldives. The Company has the approval and support of the local community to establish a wave farm for production of electricity and desalination of seawater, subject to successful completion of Stage Two trials at Bunbury Port.

Non-binding expressions of interest from local business interests are positive, with a proposed tariff rate of 3.5 Rufiyaa / A$0.30 / US$0.21 per kWh.

Stonehenge has proposed that the wave farm be located on the Coast of Hanimaadhoo Island, and it has initially been designed to produce a maximum electrical power output of 2,000 kW and desalinate up to 13,200 gallons of water per day.