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Eco Wave Power is Featured in a new Report by the International Renewable Energy Agency (IRENA) saying Future Projections point towards Point Absorbers Being the Technology to Dominate the Market

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January 11, 2021
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The Worldwide Renewable Power Company (IRENA) has revealed a report inspecting the completely different tidal and wave power applied sciences that exist within the ocean power market, and supplies a proper forecast for the expansion of such industries.

16/12/2020- Stockholm, Sweden – The Worldwide Renewable Power Company (IRENA) has revealed a report inspecting the completely different tidal and wave power applied sciences that exist within the ocean power market, and supplies a proper forecast for the expansion of such industries.

The report, titled “Innovation Outlook, Ocean Power Applied sciences”, states that of the oscillating physique class of wave power converters, the biggest share are Level Absorbers, reminiscent of Eco Wave Energy’s onshore wave power expertise, and that future projections level in direction of Level Absorbers will dominate the wave power sector.

In line with the report, “Level absorbers is the expertise that has been examined and deployed with probably the most operational initiatives within the water. That is due partly to their common nature, as they are often scaled all the way down to very small few-kW, purpose-built initiatives . . . as much as large-scale models of 1 MW.”

Consequently, nearly all of excessive TRL (expertise readiness degree) applied sciences are Level Absorbers, the report says, concluding that “Future projections level in direction of Level Absorbers being the expertise to dominate the market.”

Commenting on the report, Inna Braverman CEO of Eco Wave Energy (Inventory Image: ECOWVE) stated: “The report by IRENA is affirmation to Eco Wave Energy’s technological course and it appears that there’s consensus being fashioned throughout the wave power sector, in keeping with which Level Absorber wave power gadgets are the right path ahead and that applied sciences of this sort are anticipated to dominate the wave power business within the close to future. This mixed with new collaborations that we not too long ago introduced with massive scale electrical firms, reminiscent of EDF Renewables and Meridian, reinforces the truth that wave power is rising on the renewable power agenda, and Eco Wave Energy’s expertise is taking the lead.”

For the complete report, please use the next hyperlink : https://www.irena.org/-/media/Recordsdata/IRENA/Company/Publication/2020/Dec/IRENA_Innovation_Outlook_Ocean_Energy_2020.pdf

About IRENA
The Worldwide Renewable Power Company (IRENA) serves because the principal platform for worldwide co-operation, a centre of excellence, a repository of coverage, expertise, useful resource and monetary information, and a driver of motion on the bottom to advance the transformation of the worldwide power system. An intergovernmental organisation established in 2011, IRENA promotes the widespread adoption and sustainable use of all types of renewable power, together with bioenergy, geothermal, hydropower, ocean, photo voltaic and wind power, within the pursuit of sustainable improvement, power entry, power safety and low-carbon financial progress and prosperity.



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