Detailed testing confirms commercial viability of greenWAVE

20 July 2012

Recent detailed testing of the latest Oceanlinx technology development has confirmed the exciting potential of the company’s greenWAVE unit.

 

The testing indicated the technology, which has won acclaim from authorities such as the International Academy of Science and the United Nations, is already cost competitive with other more mature forms of renewable energy.

 

Oceanlinx is very pleased with the outcome of this validation process and is excited at the prospects for the technology as the world moves to a more sustainable energy future. Given its current position on the early stages of the “learning curve”, the company believes the technology will be cost competitive with most conventionally generated fossil fuel based electricity within five years.

 

The overall greenWAVE unit, which includes an Oceanlinx airWAVE turbine, is designed for a 25 year life expectancy in environments like that of southern Australia. Each greenWAVE unit is rated at 1 MW and is capable of producing electricity at prices that are competitive with wind energy.

“Recent detailed testing of the latest Oceanlinx technology development has confirmed the exciting potential of the company’s greenWAVE unit."

 

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