Energetech’s wave energy technology
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Article Summary
April 12, 2005 The power of ocean waves has long been recognised as one of the great untapped energy resources with more than 1,000 patents filed for technologies to harness that energy in the last two hundred years and none that have yet reached commercial realisation. When that goal is reached, it will be a day worth celebrating as the World Energy Council believes that enough energy could be extracted from waves to meet the world's entire electrical energy needs. One company on the verge of commercialisation of wavepower-derived energy is Australian company Energetech. Energetech Australia is working on a new and commercially efficient system for extracting energy from ocean waves and converting it to electricity as a cheap, sustainable source of power. The company has a pilot installation in Port Kembla, NSW and has just received an investment of AUD$500,000 from the Centre for Energy and Greenhouse Technologies (CEGT) for the deployment of the first commercial wave energy converter off the Victorian coast.
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