Eco Wave Power is a leading onshore wave energy technology company that has developed a patented, smart and cost-efficient technology for turning ocean and sea waves into clean electricity. More information on Eco Wave Power can be found in the following short video that was prepared by The Sustainable Markets Initiative by HRH Prince Charles, the World Economic Forum, and the Bank of America:
Eco Wave Power has studied the Marina di
Pescara and has assessed the site as potentially suitable for the deployment of
EWP’s wave energy technology. The Port contains existent
man-made structures on which the EWP system can potentially be installed to generate
clean renewable electricity from the local waves in the Adriatic Sea. Based on EWP’s preliminary assessment, the
total space available at the Marina may be sufficient to produce a considerable
amount of clean electricity from wave energy, which will allow the Marina to
optimize its limited space for energy production with a clean &
cost-effective technology and to replace a significant part of its energy
consumption from the electricity grid and natural gas.
How does the Eco
Wave Power Technology Work?
The image below illustrates
the EWP system’s core working principles.
Uniquely shaped floaters (1) rise and fall with the up and down movement of the waves, utilising
its buoyancy force, the changes in water level and flow, the "air
lock" effect (hydrofoil), and the vertical movement of waves leading to an
efficient energy conversion process. Different types of floaters enable the
system to be optimised for different types of wave regimes, depending upon the
location. The EWP floaters are equipped with sensors that continuously monitor
the performance of the various subsystems and the surrounding ocean
environment, transmitting the data to EWP’s on-land systems. The data from the
sensors also serves to activate the storm protection mechanism in the case of
upcoming storms.
In working mode, the movement of the floater compresses the hydraulic
pistons (2), which send biodegradable fluid into the land-located
accumulators. The accumulators (3) collect the fluid and store it until
enough pressure is reached. When such pressure is reached the accumulators
discharge it with the purpose of rotating the hydraulic motor (4). The
hydraulic motor’s operational volume is automatically adjusted in accordance
with real-time waves and prevailing pressure in BARs. The asynchronous
generator (5) converts the rotation into electrical energy which is then
provided to the grid (through specialized inverters,). After decompression, the
fluid flows back into the non-pressurized hydraulic fluid tank (6) from
where it is re-used by the pistons, thus creating a closed circular system.
The following video that was prepared by the Weather Channel indicates
the key principles and features of the EWP innovative wave energy system:
Smart Control System
The entire operation is controlled and monitored by a smart control
system. The smart control system manages the pressure release of the
accumulators in a way that stabilises the output and starts generating power at
much lower pressure (30 bar vs 60 bar of a typical system).
Significantly, only the floaters and hydro cylinders (pistons) are located
in the water; all other parts are based on land, thereby improving reliability,
providing easy access for maintenance and repair, and eliminating the risk of
oil or hydraulic fluid spill, as well as the risk of mechanical damage.
Storm Protection
In the
event of storms, EWP floaters automatically “recognise” the type of waves, and when the waves are too high for the
system to handle, the floaters automatically rise above the water level and
lock in the upward position until the storm passes. When the waves
return to an operable height, the system unlocks and recommences energy
conversion and transmission of the electrical power to the grid.
Modularity
The Eco Wave Power technology is fully modular which results in several benefits. The scalability provided by the modularity of the technology allows for a gradual step by step expansion and increased application versatility. This means that a MW scale system is no more complex on a modular basis than a KW scale system.
According to
the United Nations, energy is the largest contributor to climate change
accounting for over 60% of global GHG emissions. As a result, there is a
significant need to adopt new and clean sources of electricity production
worldwide to tackle the lack of access to electricity and rising energy demand
while decreasing the pollution rates. Wave energy can be a large part of the
solution to the problem, as according to a 2020 report from IRENA, wave energy
has the potential to meet all of global energy demand with potential global energy
production from waves estimated at 29,500 terawatt-hours of electricity per
year and since nearly 2.4 billion people, about 40% of the global population
lives within 100km of a coast. Furthermore, in suitable locations wave energy can
produce electricity around the clock in contrast to other leading renewable
energy sources which are intermittent. According to estimates, the successful
development of wave energy technology could generate 188GW of energy in Europe
alone already by 2050, which would be equivalent to roughly 10% of all the
region's electricity needs.
The Marina
di Pescara, located in the province of Pescara in Italy, is open to the Adriatic
Sea and, as a result, enjoys sufficient wave activity, which can be converted
into clean electricity. EWP’s team has identified the Marina as potentially
suitable for the installation of the Eco Wave Power wave energy technology, as it
has an existent breakwater of about 700m on which the EWP’s system could be
deployed.
If EWP’s wave energy technology were to be implemented in the Marina di Pescara it could supply clean electricity and help the Marina to achieve its energy transition goals with a 100% renewable energy source. In addition, one of the advantages of the EWP system is that it has a minimum impact on the visual landscape, as the EWP’s floaters are attached to the external side (facing the ocean) of the relevant maritime structure. To illustrate this, our team has prepared the basic preliminary illustration below for a potential EWP project at the Marina di Pescara:
The implementation of the EWP technology to power the region with clean electricity from waves will position Marina di Pescara as a leader in the adoption of new renewable energy technologies and at the forefront of innovation.
Through the implementation of EWP’s innovative technology, Marina
di Pescara will have significant impacts on several areas of the Marina and the
local community, including health, job creation, and access to electricity. The
project will create the following impact:
Emissions reduction: Based on EWP’s initial
calculations, a 1MW installed capacity wave energy power station, with a
capacity factor of 42%, will produce annually around 3,695,712 kW/h of clean
electricity.
If the same amount of electricity was to be produced from
fossil fuels, the emissions would equal 2,613 metric tons of Carbon Dioxide,
which is equal to the carbon dioxide emissions from 294,027 gallons of consumed
gasoline, showing that the amount of GHGs avoided from a 1MW EWP power station
to be significant.
Therefore, a wave energy power station installed in the Marina di Pescara could significantly reduce emissions
in the region by offsetting traditional energy generation methods for
electricity supply.
Air Pollution: Energy use and production in many countries (including countries in
the Mediterranean region) is a significant and immediate cause of high levels
of air pollution and other forms of environmental degradation. Global
dependence on cheap fossil fuel-based power generation methods has
significantly harmed the global environment and threatened the health of
millions of people worldwide. EWP’s technology offers an opportunity for
locally produced, clean, and affordable power generation in these environments.
Access to Electricity and Supply: One of the greatest benefits of the Eco Wave Power
wave energy technology is that it allows for power generation in remote areas
and in proximity to the population, as it creates clean electricity directly on
the shoreline, thereby, allowing Marina di Pescara to generate clean renewable electricity
directly in the Marina without having to transport the electricity (typically
derived from fossil fuel sources) over long distances. Furthermore, the
technology will help increase the Marina’s electricity supply and any excess
power could be used to deliver cost-effective and clean electricity for the use
of the local community and creating a new source of revenue to the Marina.
Job Creation: According to the European Ocean Energy
Association, 400,000 jobs could be created by the Ocean Energy industry by
2050, if the European target of 188GW installed capacity of ocean energy is
fulfilled. The potential implementation of an EWP wave energy project in the
Marina di Pescara will create several new direct (through hiring employees) and
indirect (through subcontractors) workplaces in the municipality. The
workplaces will be created throughout the different phases of the project
including licensing, feasibility studies, environmental studies, and detailed
planning. In addition, multiple jobs for engineers will be required - mainly
mechanical, hydraulic, civil, electrical and automation engineering. The actual construction of the wave energy
power stations will also create new employment opportunities for local civil
engineers, welders, technical professionals, electricians, and technicians.
Moreover, when the power station is constructed, there will be a significant
need for operation and maintenance professionals for 25 years (the lifespan of
the power station).
The EWP team and
advisors bring multidisciplinary experience, and a well-balanced and deep
knowledge in all aspects of the Company’s business including research and
development, engineering, intellectual property, project development, business
development & commercialization, and management of companies related to the
development and commercialization of products in the renewable energy space. The Company is supported by a global
network of advisors, research institutes, and universities.
The EWP team
is highly experienced in the wave energy sector and has a proven track record
in projects execution and installing and operating wave energy projects as the
Company already has operational projects in Gibraltar and Israel and a global
projects pipeline of over 325MW under development.