Mick Perry's generating interest
A CLEAN energy-generation system invented by a Clarence Valley man may eventually supply up to 15 per cent of the energy needs of the United States and United Kingdom.
Mr Perry and about 200 other investors formed Atlantis Energy Ltd, now Yamba Energy Ltd, to begin trials of the Aquanator, but a lack of Government support meant the company needed to look more broadly for help.
In 2005, Mr Perry met with a group of entrepreneurs who sat on the Queensland Government's Mentoring for Growth Partnership panel.
From there, Mr Perry was introduced to others who were able to take the concept further. And, despite the lack of Government support, things began to fall into place.
“Now, I'm not political, but when you see the pain of the start-up companies in Australia that have now had the (research and development) grants stopped, we're in a worse situation now than when Rudd came in,” he said.
Recently, one of the world's largest investment banks, Morgan Stanley, decided to invest in the tidal-power technology and is now the largest shareholder in ARC.
In Australia, the technology is being trialled in waters near the Phillip Island Bridge in Victoria, where fast water flow is generated.