A Can$2.7 million grant, which will fund the demonstration of an ocean swell converter off Vancouver Island, has been awarded to SyncWave Systems, by the Sustainable Development Technology Canada, this week. The funding will see the SyncWave Systems' technology, a SyncWave Power Resonator, installed  and running off the west coast of Vancouver Island by 2011.

The SyncWave Power Resonator (SPR) technology was invented and developed by SyncWave Energy Inc. with scientists from the University of Victoria, and engineered for the open ocean with Marinus Power LLC, of Houston. According to the comapny, SPR represents a next-generation advance in the global race to commercialize wave energy.

"SyncWave Power Resonator is a next-generation frequency-based wave energy converter that tunes itself to maximize energy capture from the everchanging ocean swell" says Nigel Protter, President & CEO of SyncWave Systems Inc. "Additionally, our device was designed from the start to be simpler to mass produce and support, imperative to the goal of obtaining low cost bulk renewable energy from the sea. We’ve also spent a lot of time establishing viable markets for this technology and feel the time is now to seize a significant position in this rapidly emerging, potentially enormous, global environmental technology opportunity"