Energy

Wave Energy

Wave energy is a renewable energy resource created by large storms hundreds of kilometers offshore that generate and transmit huge amounts of energy that travels great distances (via swell) and mixes with local influences (seas) to arrive at our shores. It is a genuinely renewable energy source and distinct from tidal energy.

Wave energy is generally considered to be the most concentrated and least variable form of renewable energy.  It is the high power density of wave energy that suggests it has the capacity to become the lowest cost renewable energy source.

If the potential of technologies like Poseidon is realized, the World Energy Council predicts that the total size of the exploitable resource could be 2000TWh/year compared to world´s total electricity consumption at around 16,000 TWh/year.

Wave energy has significant global potential. The most intense wave energy locations are found between 30° and 70° latitude in the northern and southern hemispheres. The UK, Portugal, Spain and Norway in particular harbor excellent resource.

Unlike solar and wind, wave energy levels can be predicted many days in advance, making it less challenging to integrate wave energy with national power supplies.