…after successful Portugal demonstration
CorPower WaveSpring Technology has unveiled what could become one of the most significant breakthroughs in renewable energy, following the successful deployment of its WaveSpring-powered wave energy converter off the coast of Portugal.
The company said its technology, inspired by the pumping mechanism of the human heart, has demonstrated the ability to efficiently convert ocean waves into electricity while surviving some of the harshest conditions in the Atlantic Ocean, which is a challenge that has plagued the wave energy industry for decades.
Wave energy has long been considered one of the world’s largest untapped renewable energy resources. However, despite billions of dollars invested globally over the past three decades, the sector has struggled to commercialise due to high costs, low energy output and equipment failures caused by powerful ocean storms.
CorPower believes its patented WaveSpring technology could change that.
