The ocean renewable energy industry is on a roll! For the second time in as many days, we have an announcement in support of wave energy. Yesterday, we saw Finnish wave energy company Wello receive a grant from the European Union to develop and research their wave energy converter. Today, the Peruvian Navy has officially signed off on permitting which grants Atmocean a one-year license to demonstrate its wave energy technology in ILO, a coastal city of 100,000 population located in southern Peru.
Atmocean’s technology is very different to the other players in the fledgling wave energy industry. Their technology can also be used to desalinate ocean water, thereby turning it into drinking water . This is how it works: using wave action, seawater is pumped to shore – with pressurized seawater arriving on shore, clean electricity can be generated by running the water through a turbine or drinking water can be made by running the water through a reverse osmosis desalination system. No other wave energy converter currently at this stage or later of development, produces energy by pumping water to shore.
Chris White, Atmocean’s Project Manager said “It is all very exciting for us as this demonstration will not only show that Atmocean’s technology works as designed, but prove our system’s advantages in cost, manufacturing, deployment, durability, and retrieval.” White further stressed the importance the permit conveys in establishing Latin America as a leading market for wave energy applications, including desalination and renewable power. “Peru has shown great leadership here. With over 2,400km of coastline, most of which has great wave action, the potential market size for this renewable energy source is huge and it does not begin to cover the story of Chile located to the south.”
Atmocean is based in Santa Fe, New Mexico in the U.S. They have set up a Peruvian subsidiary in order to pursue wave energy opportunities in Latin America and Peru.
Atmocean CEO Phil Kithil believes this broader range of products will allow Atmocean to serve a range of community needs. “With power and fresh water, we’ll have the ability to serve municipalities, agriculture, and industry, creating jobs without using fossil fuels, and securing a sustainable way of life for years to come.”
Tracey is an accountant and entrepreneur with a passion for nature. This passion is what spurred her interest in renewable energy, and the rest is history as they say. Tracey is a principal in Energy Think Group, the publisher of Solar Thermal Magazine and Tek-Think. She is also the principal at Women's Financial Help Desk. She spends her free time in the outdoors with her horses and dogs. She loves to travel.