It has succeeded where others have failed miserably.
Speaking to ABC News, Wave Swell CEO Paul Geason said that the generator had achieved conversion rates of 48 percent. This means that out of the total energy brought in by waves, the generator supplied 48 percent of that to the grid. "That rate is very encouraging and, in fact, is higher than other renewable energy technologies," Geason added.
With the unit operating for over 12 months, the company is ready to look at the next step in commercializing its technology. The next iteration of their wave generator is expected to generate five times as much energy as the UniWave 200 and could be placed on any coastline worldwide.that nations are preparing to build as the sea levels rise and coasts erode. After a successful demo, interest in the technology has come from different world regions.
However, there is also the stigma of other projects in this domain. "In our industry, people remember the ones that didn't work and think, 'Oh well, that's ocean energy, so it can't possibly be successful,' when in fact, that's not true, and this unit [UniWave 200] has proven that," Geason told ABC News.Be the first to read our latest stories, analysis, and trend-spotting on tech from every corner on earth. Sign up for our weekly newsletter today.
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