Wave energy production - Eco Wave Power

Viable stable energy production for shores

Author: Guilherme Viotti
Created: Sept. 21, 2024, 9:14 a.m. | Edited:


Solution Type: infrastructure

Cost type: $$$ - Between USD 50.000 and USD 500.000

Total cost: 0.00

Goal: Eco Wave Power aims to address the global challenge of transitioning to renewable energy by tapping into the untapped potential of wave energy. Currently, solar and wind dominate the renewable energy space, but they are intermittent sources. Wave energy, being less affected by weather fluctuations, offers a more reliable solution. With rising sea levels and the need to protect coastal regions, Eco Wave Power’s system converts waves crashing against man-made structures into clean energy without harmful environmental impacts. Their approach reduces reliance on fossil fuels and helps countries meet their carbon reduction goals

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CLASSIFICATION

Dimension Target: towncitycountystatecountrycontinentplanet
UN Target: affordable and clean energydecent work and economic growthindustry innovation and infrastructuresustainable cities and communitiesclimate actionpartnerships for the goals
Sector: energygovernance

ASSETS

Reference open_in_new How Waves Could Power A Clean Energy Futu…
Reference open_in_new Eco Wave Power main website
Working example open_in_new Gibraltar project


How this solution can be updated:
To modernize Eco Wave Power’s solution, incorporating advanced data analytics and AI-driven predictive maintenance could increase efficiency and reduce downtime. By integrating IoT sensors into their wave energy devices, the company could collect real-time data on wave patterns, system performance, and potential wear and tear. This would allow them to predict and prevent failures before they occur, ensuring consistent energy generation and reducing operational costs. Additionally, enhancing the digital interfaces for grid connection and energy distribution using blockchain could streamline energy transactions and improve transparency.

How this solution can be upgraded:
Eco Wave Power’s system could be enhanced by improving the scalability of their modular technology. By integrating energy storage solutions like advanced battery systems or hydrogen production, the wave energy produced can be stored and dispatched when needed, further stabilizing the grid. Additionally, using more durable, lightweight materials for the floating mechanisms can extend the system's lifespan, making it more resilient against harsh marine environments. Enhancing their existing AI-driven optimization algorithms for energy output in varying wave conditions would also boost efficiency

How this solution can scale up:
To scale up, Eco Wave Power can target new regions with high wave energy potential and establish more public-private partnerships, similar to their current projects in Israel, Greece, and the U.S. Collaborating with international governments to include wave energy in renewable energy policies and licensing procedures would facilitate faster adoption. They could also explore joint ventures with companies in the maritime and construction sectors, allowing for quicker installation of wave energy converters on existing and new coastal infrastructure. Expanding into markets like Southeast Asia, where coastal populations are high, would further their global reach​



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