CLIENT IN FOCUS: JOHN BROWN, WAVE SWELL ENERGY LTD
Liston Newton client John Brown, is the Chief Operating Officer of Wave Swell Energy Ltd (WSE), an innovative Australian renewable wave energy technology company that has developed a world leading proprietary technology that converts the energy in ocean waves into clean and emissions free electricity. This electricity can be transmitted to shore and into the grid, or used to power an onboard or shoreline located desalination facility. The mission is to establish the lowest-cost renewable energy in the world within five years, with the dream to see WSE’s technology contributing to the global requirement for cheap, clean green energy and for Australia to be playing a key role.
WSE is currently developing a 1 MW wave energy project that is intended to be installed in the ocean off the west coast of King Island, between Tasmania and the Australian mainland. The aim of the project is to demonstrate the ability of the company’s technology, when installed at large scale, to produce electrical energy at a cost comparable to that of new coal-fired power plants. WSE is collaborating with Hydro Tasmania and the King Island Council and community to ensure the project is developed to be of benefit to all stakeholders.
John has more than 25 years’ experience in investment banking and financial services. He has worked for leading global investment banks in New York, London, Singapore, Sydney and Melbourne. John’s career includes foreign exchange trading, corporate advisory work and wealth management advice. John worked closely with Dr Tom Denniss, the inventor of the company’s technology, during the 90s in the Treasury and Commodities division of Macquarie Bank building trading models and taking them to market. John has had a strong interest in the renewable energy sector for the past 20 years. As a director of Wave Swell Energy Ltd John’s board responsibilities include the company’s day-to-day operational matters
WSE is currently raising $12 million which will be used to build, deploy and commission the King Island device and in turn develop a global project pipeline. For more information regarding the technology or for investment opportunities visit the WSE website