WaveGenergy installs wave power facilities along coasts threatened by sea erosion
StartupRealities No 103 WaveGenergy installs wave power generating facilities off sea coasts threatened by wave erosion, which slows down or stops erosion altogether while also generating electricity. These facilities consist of interconnected polymer sheets on the surface of the ocean and are installed along the coast to dampen the power of the waves that reach the shore. The company's primary focus are erosion-threatened populated shorelines and built-up coastal strips with high real estate valuations. In almost all countries the shallow waters off the coast are owned by the state, so contracts for installing these wave power generating facilities are awarded by governments under a formula that takes into account both the land saved from erosion and the electricity generating potential. CEO QUOTE "The ocean is a blessing in so many ways, but its destructive power should not be underestimated. We turn the negative of wave erosion into a positive: coast protection and ele...