Ocean Energy Industries has been awarded a contract to install a 50 MW WaveSurfer power farm off the Southeast coast of Kamchatka (Russia).
The site of the future power farm is located in the Pacific ocean off the southern tip of Kamchatka near Avacha Bay.
The Kamchatka Peninsula is a 1,250-....
1.5 MW wave energy project launched by Ocean Energy Industries and Kosrae Utilities in the State of Kosrae, Federated States of Micronesia.
Ocean Energy Kosrae, a Joint Venture between Ocean Energy Industries and Kosrae Utilities Authority, ha....
It has been found that fossil fueled power plants produce electricity with about 443-1050 g equivalent lifecycle carbon dioxide emissions per kWh.
WaveSurfer systems installed around the world are currently producing over 200 MWh per day, therefore preventing release into the atmosphere of over 88 tons of CO2 if this energ....
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World energy production and consumption have recently been growing at around 2% per annum and most projections see this continuing in the period to 2030. For example International Energy Agency (2004) projects that global primary energy demand will increase by two-thirds in the three decades to 2030, reaching 16.5 billion tons of oil equivalent. This represents a growth rate of 1.7% per annum in the period 2000-2030.
Climate change, environmental damage and increasing energy demand, causing the depletion of fossil fuels and thus the rise in costs, necessitate a change in energy policy.
The ocean holds a tremendous amount of untapped energy. Ocean energy comes in a variety of forms such as marine currents, tidal currents, geothermal vents, and waves. Wave energy is generally considered to be the most concentrated and least variable form of renewable energy. Waves are predictable days and even months in advance making it easy to match supply and demand. Wave energy is an emerging segment of the renewable energy market.
Ocean Energy Industries, Inc. addresses the growing demand for energy as well as the environmental concerns related to traditional energy sources by developing, manufacturing and installing proprietary WaveSurfer™ systems that generate electricity by harnessing the renewable energy of ocean waves. Ocean Energy Industries offers complete Project Development Services.
