Located in Gibraltar, Europe – a peninsula that naturally lends itself to ocean wave harvesting – this new $5 million, 5 Megawatt plant is expected to produce 15 percent of Gibraltar’s electricity within two years, Eco Wave Power co-founder Inna Braverman tells NoCamels.
Gibraltar developed its own renewable energy plan and employed Eco Wave Power to install a 5-megawatt wave energy power station that will capture energy produced by the ocean surface waves in the Mediterranean.
Eco Wave Power (EWP) is an Israeli company that has developed a unique form of electricity generation using wave power. Rather than have a wave generator moored in the open ocean where complex moorings and connection systems are required, the EWP system utilises existing land structures as the attachment point which the company claims greatly simplifies the installation and durability of the wave generation system.
The wind may not blow and the sun may not shine, but waves are pretty constant. That, according to some scientists, makes wave power a better and more reliable source of renewable energy than solar or wind. And few companies have embraced the idea of mass-producing energy using wave power than Israel’s Eco Wave Power.