Argentina: Development of a Device for Converting Wave Energy to Electricity

Created on: 22 Jul 2015 Last updated: 27 Apr 2017
Project Location
Argentina
Necochea - Quequén, Buenos Aires, Argentina
Primary Industry
Clean Energy
Environment
Investment Amount
$0 to $10 Million
Investment Type
Contracting

Project Description

Wave energy technology has not reached maturity in the technology market yet. Therefore, new technological developments which harness this type of energy are potentially competitive, especially considering our team’s technical expertise and our devices’ low cost, low maintenance and long lifespan. The project involves the development of a wave energy harnessing device at 1:1 scale using the know-how acquired by the promoter and the experience gained during the development stage years. In addition, the project includes the installation of the equipment on Argentine coasts in order to facilitate its monitoring and to supply electricity to consumers in the area. A further stage would be to sign contracts in order to sell the equipment to other users. The income model will consist of the installation, sale, operation and maintenance of the equipment and/or the sale of electrical energy to large consumers.

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