There are many good reasons for investing in wave energy. Confidence in the renewable energy source is high, and it forms the basis for a new wind turbine adventure.
There is a need for renewable energy sources and wind turbine energy has already demonstrated its value. Wave energy is notable for the fact that the electrical power is even better. There is less fluctuation because waves last longer than a gust of wind. There is estimated to be three-five times less fluctuation than with wind energy.
Another factor, in wave energy’s favour, is that it supplements wind turbine energy by working at different times to the wind turbines,” points out Stig Vindeløv, Chairman of the Association for the Promotion of Wave Energy.
“When the wind blows, waves are created, and when the wind drops, the waves continue for up to six hours. So we do not need all that much storage, because the two energy production methods work at different times.”
The market potential for wave power machines has been estimated by the World Energy Council to be close on 500 billion dollars.
One of the most promising Wavepower companies will be present at Future Energies: Wave Star Energy