Eco Wave Power, an Israel-based developer of advanced and innovative global wave energy solutions, has reached the final stages of constructing a medium scale wave power system on a port located in the Black Sea.
The system has a capacity to generate at least 5 kW of power from each floater. The medium scale power generation plant will start operation in the first quarter of 2012.
Eco Wave Power has already received funds for three ocean power generation systems. The final project will be the development of a commercial scale energy system with the capacity to deliver power to nearly 1000 households.
The developing countries had made an annual spending of $40 to $60 billion on electricity by the 20th century end. However, about 40% of the people in these countries have no access to electricity. Hence, a reliable, inexpensive solution is required to meet the energy needs of these countries and Eco Wave Power’s technology is an ideal option. The company’s proprietary technology produces electricity, which is cheaper than traditional power generation techniques such as oil, gas and coal, as well as cheaper than renewable energy methods like solar and wind.
Mr. David Leb, Founder of the company, will deliver a presentation titled, "Wave Energy Generation Difficulties Solved by Eco Wave Power" at IDTechEx’s Energy Harvesting and Storage convention. The conference will take place in Berlin, Germany from May 15 to 16, 2012. David Leb will be discussing about the capabilities of Eco Wave Power's unique technology in solving four major problems: sufficient energy production, compatibility, reliability and cost.
Source: http://www.ecowavepower.com/