Tel Aviv, Israel-based wave power designer and manufacturer Eco Wave Power (EWP) announced that it has completed initial tests of its small-scale model wave power generators at the Institute of Hydromechanics in Kiev, Ukraine. The product testing involved examining “floaters” of eight different shapes operating under variable wave conditions in a 2.5-meters-deep wave pool. Based on results of the tests, the company has now begun constructing medium-scale models of its ”Wave Clapper” floater and “Power Wing” floater, each 2.5 meters in size and capable of producing 5 kilowatts (kW). Testing of the medium-scale models will begin in early 2012. You can watch a video of the testing here.
EWP’s business model focuses on using low-cost materials with low maintenance costs and short maintenance periods. Unlike some other renewable energy technologies, which rely on long product lifecycles to achieve a return on investment, EWP’s technology is designed to be “simple and robust while offering technical advantages over the other renewable energy generation systems.”
EWP claims that its system, once fully developed, can produce electricity at prices lower than other renewable energy technologies, and even traditional energy sources like coal, gas and oil. According to EWP, it has already secured funding for three ocean energy pilot projects, including a full-size commercial scale power plant capable of supplying electricity to at least 1,000 households.
“We are a young and innovative company in the field of ocean energy,” EWP founder David Leb said in a statement. “As a result, we believe in a fast, yet reliable, progress. Our competitors in the ocean energy sphere had spent five to 15 years researching the ocean energy field, resulting in no commercial scale devices available for sale and implementation. We want to be different. We want to be able to offer our commercial scale devices within the shortest time frame, and for the most attractive prices.”