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Wave Power Fails To Live Up To Promise

Posted by Soulskill on from the water-under-the-bridge dept.

the_newsbeagle writes: One of the leading companies developing wave power devices, Ocean Power Technologies, has dramatically scaled down its ambitions. The company had planned to install the world's first commercial-scale wave farms off the coast of Australia and Oregon, but has now announced that it's ending those projects. Instead it will focus on developing next-gen devices. Apparently the economics of wave power just don't make sense yet.

5 of 198 comments (clear)

  1. Golden opportunity missed... by TiggertheMad · · Score: 5, Funny

    "A spokesperson for Ocean Power Technologies announced, that after a number of years of testing and development efforts, that Wave farms are a wash."

    *ducks* *runs*

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    HA! I just wasted some of your bandwidth with a frivolous sig!
    1. Re:Golden opportunity missed... by slinches · · Score: 4, Funny

      Oh, darn. We must be on different wavelengths. Last I heard, they were doing swell.

      I guess these sorts of things just ebb and flow with the economic tides.

      --
      Knowledge Brings Fear
    2. Re:Golden opportunity missed... by Inzkeeper · · Score: 5, Funny

      It looks like we will need to find a more feasible way to generate electricity from water, dam it.

    3. Re:Golden opportunity missed... by Bob+the+Super+Hamste · · Score: 4, Funny

      I was thinking of huge tracts of land.

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      Time to offend someone
  2. Re:When doing anything involving the ocean by dcollins117 · · Score: 4, Funny

    They had found the boat, dangling underwater by the chains holding it to the dock pilings.

    Find out what the chains are made of - you'll be all set :)