Global Warming Solutions, Inc. (Pink Sheets:GWSO)–a developer of technologies aimed at mitigating the effects of global warming–yesterday announced that the company has acquired the Wave Electric Power Station (WEPS) technology from an affiliate of Coral-Invest Technologies.
The WEPS utilizes floating electrical generators deployed in the ocean. The generators capture the energy from the movement of the sea waves and convert it into electricity that is then transmitted back to shore. Each generator can produce up to 100KwH.
"We are extremely pleased to have added the WEPS technology to our portfolio and believe that it marks an important milestone for the company as we enter another area of renewable energy," said Dr. Vladimir Vasilenko, CEO of Global Warming Solutions, Inc. "The WEPS is a completely self-sufficient energy generating technology that can be deployed in the most important regions of the world."
The WEPS floating generators are produced from recycled plastic. According to Dr. Artem Madatov, the inventor of the technology, a 1000-meter WEPS would produce 15 Megawatts (MW) with 10% co-efficiency–enough electricity for a population of 30,000.
Global Warming Solutions says it plans to develop a marketing package for the WEPS and license the technology to licensees around the world.
About Global Warming Solutions, Inc.
Global Warming Solutions develops and commercializes technologies that help mitigate Global Warming. The company targets three areas that help reduce the extent of Global Warming and fight issues that have arisen as a consequence: Clean Energy, Carbon Control, and Water Purification.
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