20 August 2013 – A company that plans and builds power stations using ocean wave power, Tel Aviv headquartered SDE Energy, has signed an agreement with the government of Guinea for the development of a 100 MW sea wave power plant along the coastline of the west African country.
SDEs claims that its manufacturing costs in terms of sea wave energy and power are the lowest worldwide, at less than US5c/kWh and one million US dollars per MW.
Due to the high oil prices and the rising costs of electricity, sea-wave energy production has emerged to become a viable alternative for renewable energy production. SDE’s technology involves the use of sea wave motion to generate hydraulic pressure, which is then transformed into electricity. The system takes advantage of the wave’s rise and decline, approaching streams and returning streams, thus producing energy. A full-scale model was operated in Israel and produced 60 kW for almost a year.