Published: 2010-07-02
California, United States –Prospects for the hydro, wave, and tidal power market are good as countries are investing in renewable energy sources to augment energy security. It is estimated that the worldwide wave resources is 6,000 terrawatt-hours per year (TWh), twice as much as global nuclear production and 700 TWh/year for tidal power. The market potential for the wave industry is about US $1 trillion worldwide.
According to Alvin Smith, CEO of Dartmouth Wave Energy Ltd, the current cost for wave energy is estimated to be
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