Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

A Pollution-Free Plan to Power 100 Million American Homes

Commodities / Renewable Energy Aug 10, 2014 - 02:36 PM GMT

By: Money_Morning

Commodities

Oil and Energy Investor Staff write: Anyone who’s ever stood in the ocean knows its power. During a storm, ocean waves can pound houses, trees and cars into rubble. The steady waves can pulverize rocks and sweep swimmers out to sea in an instant.

But what if you could turn the pounding of the waves into a pollution-free source of energy?


It just might be possible. The US Navy is backing the first project that will use ocean waves to generate electricity and feed it into the electricity grid in Hawaii.

And there are several other companies chasing the same holy grail …

Turning Water into Electricity

The power contained within ocean waves is almost beyond comprehension. Researchers at the University of Oregon calculate that just 0.2% of the energy in ocean waves could power the entire world.

The trick is how to harness it.

The Navy believes it can be done. This fall, privately owned Northwest Energy Innovations, with backing from the Navy’s Ocean Renewable Energy project and the University of Hawaii, will test its prototype Azura device off the Oahu coast.

The technology uses wave motion to move a float that drives a generator.

As Kent noted in a recent article on tidal power, “this is an exciting new development in renewable energy. There is no doubt the potential here is impressive…”

Impressive… and speculative. As Kent observed, “Any move into the tidal wave sector remains a high-risk investment move. Still, in the more diversified energy balance emerging, the tides will have their place.”

Investing in Ocean Power Pioneers

The only public company currently using waves to generate electricity is Ocean Power Technologies Inc. (Nasdaq: OPTT) . A pioneer in this renewable resource technology, the company invented a buoy that generates electricity as it bobs in the waves. Currently, the company has power generating projects off the coasts of three continents.

But it’s not the only buoy in the sea.

Scotland-based Pelamis Wave Power uses waves passing through floating tubes that look like giant sea snakes to generate electricity. Anchored miles offshore, the “snakes” naturally spin on a chain to face the waves, and the waves flowing through the tubes pump hydraulic fluid that powers an onboard generator. The company has six full-scale machines off the coast of Orkney, and a 10-machine “wave farm” should be operational off the Sutherland coast by 2017.

Oceanlinx, based in Australia, uses wave motion to push a piston through a cylinder, driving a column of air that spins a turbine. It currently has a two-year demonstration project operating off the coast of Australia.

Other companies are testing even more varied technologies, from underwater versions of the familiar wind turbine to “boxes” of flexible membranes that use wave motion to compress air and drive generators.

Even the U.S. Air Force sees the potential. “The Terminator,” inspired by airplanes, has wing-shaped turbine blades that force water to flow faster over one side than the other, creating different pressures on each surface. Similar to the way air lifts an airplane wing, the flow causes the blades to “lift” and power a generator. The Terminator could utilize 99% of the ocean’s energy, according to its inventor, roughly double the efficiency of existing technology. A prototype will be tested off the coast of Texas later this year.

An Industry Growing by 64.1% a Year

Will these demonstration projects turn into investment opportunities? Will ocean power become a viable industry?

Market analysts say yes.

According to a market report by Transparency Market Research, the wave and tidal energy market was valued at $25 million in 2013, and is expected to grow to $10.1 billion by 2020. That would represent a compound annual growth rate (CAGR) of 64.1%.

Others see even more potential.

In 2011, the UK Carbon Trust estimated that the Global Marine Energy sector could be worth $760 billion by 2050.

70% of U.S. Power From the Ocean

How much power could the ocean generate? Here’s one way to look at it.

Wave and tidal resource potential is typically measured in terawatt-hours/year (TWh/yr). One TWH/yr will supply about 93,850 average U.S. homes.

According to the Electric Power Research Institute (EPRI), the total recoverable wave power along the US continental shelf is 1,170 TWh/yr, or enough to power about 110 million homes in the U.S.

That would be about 70% of all U.S. homes.

Will ocean power live up to its promise? The US Navy and Air Force certainly see its potential.

Whether investors will remains to be seen.

PS. In case you missed it, Dr. Moors recently delivered an urgent briefing on how the chaos in the Middle East is about to “go global.” According to Kent, it’s only a matter of time before the “Jihad Spring” spreads like wildfire and touches Europe and the U.S. To get Kent’s full report, including what it means for your money, please go here.

Source : http://www.wallstreetinsightsandindictments.com/2014/08/connecting-dots-dojs-latest-moves/

Money Morning/The Money Map Report

©2014 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in