Oct 29 2010
SNM Global Holdings unveils the launch of seven hydrokinetic wave power development systems. These technologies would handle the problem of amassing tidal and wave power and convert them to mechanical energy via innovative designs by applying proven principles and engineering, ultimately supplying energy to varied applications, flexible enough to be used as solutions for emerging markets.
The company currently handles 18 different designs and technologies, ready for commercial and global distribution thus adding to the company’s portfolio.
The seven hydrokinetic wave solutions include Wave Endless-Belt, Swinging Buoys, Coastal Wave Converter, Wave Absorbing Converter, Wave Pendulum Converter, Oblique Wave Converter, and Ebb and Flow Current Converter. The company’s latest initiatives, which include Salt Water Desalination and Clean Water Projects, could integrate many of the Micro and small hydro technologies, which would mean providing both clean water and energy sources at the same time.
Frost and Sullivan’s latest reports indicate that $1trillion could be the actual worth of the global ocean energy industry. According to Pike Research, hydro kinetic energy is much more economical and trustworthy when compared to solar or wind energy. The report also further reveals that the desalination technology market would grow tremendously in the future. A cleantech market intelligence firm forecasted that the investment in desalination market would be double than $8.3 billion in 2010, to 16.6 billion in 2016, valuing the spending figures at $87.8 billion for that period.
The company’s Micro Equity Partner Program and MicroTechnology Transfer (mt2) program would integrate all the company’s development projects and technologies, which would act as a catalyst for emerging markets, to plunge into the sustainable sectors in the 21st century. SNM supports collaborative ventures with Institutional, Private and Public Partners through all the phases of the technology and development transfer cycle.
Source: http://www.SNMNglobal.com.