Wave Power Attracts Investors
November 10th, 2007BIG investors.
And it’s fascinating, the shit-for-brains level of context that Business Week manages here: “…if wave power becomes commercially viable.”
A far more fascinating question is why and how it didn’t become viable over forty years ago?! Who died, and who made a killing?
Think of it another way: The U.S. landed guys on the moon—decades ago—but building a linear induction wave buoy is somehow a big engineering challenge…
Uh, duh, ok, thanks Business Week. Yep, uh, duhhh, wave power = hard. Thx again.
Via: Business Week:
Anyone who has ever been swimming in the ocean knows the awesome power of waves: They can toss large boats about like bathtub toys even during mild weather, or crush buildings to bits during storms. As oil prices rise and concerns over the environmental consequences of burning fossil fuels keep growing, more companies are becoming interested in capturing the energy contained in those massive walls of water to help meet the ever-rising demand for electric power.
Although there are companies currently working on devices to capture the power of waves, their technologies are not nearly as refined as those for wind and solar power. They are beginning to attract the interest of large electric utilities and industrial equipment manufacturers hoping to cash in if wave power becomes commercially viable.
