A second-generation wave-power device is ready for testing in the waters off Britain’s northern islands, according to a Reuters report.
German power company E.ON (EOAN.DE) ordered the device–called a sea snake–from Scotland-based Pelamis Wave Power.
Marine- and hydrokinetic-generated power from the world’s oceans could grow
to provide 2.7 gigawatts (GW) of power generation capacity by 2015, according to a recent analysis by Pike Research. The World Energy Council has estimated that wave energy could provide up to 10% of global energy needs, creating about a $790 billion market.
The Sea Snake represents a relatively mature technology, and the ocean power industry has been compared to the wind power industry of about 20 years ago.
Read the full report at the link below.
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