Ocean Power Technologies - Taking a Closer Look
Ocean Power Technologies - Taking a Closer Look
This blog post @ AEI takes a look at Ocean Power Technologies. The company, for its projects in Hawaii, New Jersey and Spain, have highly deployed power technology. One PowerBuoy produces 40kw and only in Hawaii and Spain will these wave "farms" will reach over 1 megawatt - this for a technology that is supposedly scaleable to hundreds of megawatts...
However, the post goes on to say there are good things about the PowerBuoy technology - it is modular, and add to it the fact that wave power is more predicatable than other intermittant renewable technologies based on wind or solar. In terms of costs, wave energy could cost more than wind energy but with economies of scale, within 3-5 years the costs could be the same for both...
Read the full post from here @ Alternative Energy Investor
This blog post @ AEI takes a look at Ocean Power Technologies. The company, for its projects in Hawaii, New Jersey and Spain, have highly deployed power technology. One PowerBuoy produces 40kw and only in Hawaii and Spain will these wave "farms" will reach over 1 megawatt - this for a technology that is supposedly scaleable to hundreds of megawatts...
However, the post goes on to say there are good things about the PowerBuoy technology - it is modular, and add to it the fact that wave power is more predicatable than other intermittant renewable technologies based on wind or solar. In terms of costs, wave energy could cost more than wind energy but with economies of scale, within 3-5 years the costs could be the same for both...
Read the full post from here @ Alternative Energy Investor
Labels: wave
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