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MOL and Bombora partner up to develop wave energy in Japan

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Energy Global,

At a time when there is a strong push for offshore renewable power generation in Japan, Mitsui O.S.K. Lines, Ltd. (MOL) – Chief Executive Officer: Junichiro Ikeda, Headquarters: Tokyo, Japan – has entered into an agreement with a marine energy developer, Bombora Wave Power Pty Ltd (Bombora) – Managing Director: Sam Leighton, Headquarters: Wales, UK – to identify wave energy potential across the region.

MOL has completed a detailed internal technical review of Bombora’s mWave™, which is a wave energy converter. The two companies are now progressing to the second phase of their collaboration. The partnership will identify potential sites for mWave™ energy projects in Japan and the neighbouring regions. In addition, the partnership will analyse the opportunity to combine with offshore wind farms by adding wave energy using mWave™ in Japan and other regions.

With Bombora’s mWave™ technology and project development experience, MOL will work to minimise the environmental impact of its business activities and aim to achieve sustainable net-zero greenhouse gas emissions, bringing its expertise accumulated in offshore business such as marine consultation, operations, and its knowledge of the regional supply chain to the joint study. The rapid growth of the marine renewable energy sector represents a new opportunity for MOL, and it is anticipating there will be a significant demand for vessels involved in the construction and ongoing operations across the marine energy sector. The collaborative project with Bombora will contribute to mitigate its environmental impact whilst driving new and sustainable business growth opportunities across the region.

MOL continually promotes and expands its ‘environmental and emission-free businesses’ for sustainable societies all over the world.

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