Catch A Wave: Ocean Power Joins The Renewable Energy Mix [Forbes]
ALSTOM UNSP/ADR (ALSMY)
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Source: Forbes
Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. enewable energy, led by solar and wind combined with battery storage, along with hydro and geothermal projects, is the fastest-growing source of new electricity generation in the U.S., helping to wean the grid from greenhouse gas-spewing fossil fuels. The clean power arsenal could soon grow with another form of natural energy: ocean waves. Last week, Stockholm-based startup Eco Wave began operating the first wave-based electric power project in the U.S. at the Port of Los Angeles. It's a series of seven steel “floaters” attached to a wharf that act like a bellows as the waves push them up and down, which pumps a hydraulic cylinder that spins a turbine to make electricity. For now, it's just a demonstration project, but founder and CEO Inna Braverman wants to eventually construct a 60-megawatt commercial-scale version along an 8-mile breakwater in the harb
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