04-Oct-2021 | Market Research Store
The RMIT University recently uncovered research that aims to underline a new prototype model that possesses the ability to harvest power from the ocean waves that could make the following method as a viable alternative source of energy production. The team notes the untapped potential of ocean waves is incredibly vast and huge and further estimate that the power that can be acquired from the latter each year could easily serve as the equivalent power that is required for the annual global electricity requirements.
The challenges that are quoted with developing such technologies for extracting natural power and withstanding the harsh oceanic environments have kept the wave energy struck at the development and experimental stage. The research team behind the study created wave energy converted kind of model that has the ability to function at a rate of twice efficiency at harvesting power than any of its counterparts till date. The functionality of the latter relies on the world’s first dual-turbine design and is believed to be the first source for clean, reliable and renewable power source that is derived from the ocean waves in this current manner of extraction.
The team notes that wind and solar energy production dominate the renewable market; however, the market cap is only cropped at 20-30% while wave energy is available for 90% of the time on average. This source can be manipulated and converted into an immense source of energy as the prototype integrated by the team overcomes some of the key technological challenges that have held back the wave energy industry from scaling up. The team noted that they used a buoy-type converted that is often referred to as “point absorber” which is the most ideal method for offshore locations.
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