The worlds first commercial scale wave energy converter has been deployed off the coast of Oregon. Wave power is a renewable resource that uses energy generated by the ocean's waves. Unlike solar and wind power, wave power is just beginning to be utilized because the technology is currently not cost-effective. There is hope that with more research and improvements this new technology could a major source of energy - especially for coastal cities.
Finavera Renewables CEO Jason Bak said, "The mooring and successful commissioning of the AquaBuOY 2.0 is a momentous achievement for Finavera Renewables and the ocean energy industry as a whole."
"The capture of renewable wave energy will play a significant part in the emerging new energy economy and has the potential to power millions of homes in the United States alone," said Bak.
The company is developing wave energy projects for AquaBuOY use in the United States, Portugal, South Africa and Canada.
A cluster of AquaBuOYs would have a low silhouette in the water the company says. Located several miles offshore, the power plant arrays would be visible to allow for safe navigation yet no more noticeable than a small fleet of fishing boats.
Source: ens-newswire.com
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