| | DECEMBER 201919E ERGYTech ReviewOWC devices are constructed from concrete, using simple molds and steel reinforcing. It sits on the shallow (5.75 m deep) sandy seabed under its own weight, requiring a small footprint and no anchoring. The devices can be re-floated and towed to another location, allowing ease of access for maintenance and operation, thereby greatly minimizing costs.Further, WSE's technology covers a range of uses apart from electricity generation. It also proves to be beneficial to combat the issue of coastal erosion.The traditional methods of dealing with this problem areinstalling breakwaters, sea walls, and groynes that require a significant capital outlay, which is a sunk cost. On the other hand, WSE units, when deployed in close proximity to each other, act as a breakwater or sea wall while converting that energy into electricity. This not only protects the coastline from erosion but also generates an annuity-style revenue stream from the electricity generated.To demonstrate the commercial viability of the technology, WSE is developing a project on King Island, which will be operating by Q2 next year. The company is developing this 200 kW wave energy facility on King Island in conjunction with a local provider, Hydro Tasmania, which is Australia's largest generator of renewable energy. WSE will deliver energy from the project and integrate operations with the existing high penetration renewable network of Hydro Tasmania, that will independently meter the energy produced and validate the efficacy of the project. "Our technology is now on the cusp of true commercial viability, thereby providing clients with a solution that is finally cost effective and environmental friendly," notes Denniss.
< Page 9 | Page 11 >