
Pelamis Power, the company putting large, snake-like devices off the coast of Portugal appears to be having money trouble. The company that owns them is, well, going bankrupt. Until Pelamis can find a new financial friend, it looks like they will have to wait on the sidelines.
It’s starting to look like ocean and wave power might just be one of those technologies that never really takes off; kind of the way algae looked after last week’s announcement that GreenFuel was closing shop. It’s frustrating, because when you look at the ocean you can’t help but thinking “Man! Why aren’t we tapping all that energy?”
The hard truth is: although it would be nice, it’s just technologically very difficult to build, operate and maintain these things at sea. Even Verdant Energy can’t seem to put turbines in New York’s East River yet. Granted, these are engineering challenges and they will eventually be overcome. But let’s not forget that even if we tapped all of our shores, it wouldn’t be that much. At a conference this year, Saul Griffith estimated the entire global tidal potential at 3.5 TW, which may sound like a lot, but is actually pretty low compared to other sources (he estimated global geothermal capacity, for example at 32 TW). So is wave power really worth the effort?
But there are those who are more optimistic, and see Pelamis’ failure simply as the inevitable consequence for an overambitious startup. This Green Inc. piece quotes one Robert Bedard of the Electric Power Research Institute (a think tank out in Palo Alto where scientists think about the future of electric power), who believes that PG&E and Ocean Power Technology have a chance to really succeed, as they have more money and experience.
Via Green Inc

written by Mitch, May 20, 2009
Saul Griffith estimated the entire global tidal potential at 3.5 TW, which may sound like a lot, but is actually pretty low compared to other sources (he estimated global geothermal capacity, for example at 32 TW). So is wave power really worth the effort?
Wave power is capturing energy from waves. Tidal energy is capturing energy from the tides which is different.
written by Yoni, May 20, 2009
Good call.
Wave resources are estimated even lower, at 2 TW
http://www.wave-energy.net/Library/An Overview of Wave Energy.pdf
written by Big Virtue, May 21, 2009
I think that there is no one save-all energy source for human civilization, other than the sun, which is ultimately the source of all energy on earth. We need to utilize all possible sources and wave+tidal+hydro+solar+wind+biomass+... all will play a part. You will notice that I did not explicitly include nuclear as I personally hope not to see nuclear in the mix. Nuclear is tha act of replacing one evil (CO2 and other GH gas emissions) with a MUCH greater evil, radioactive waste. We managed to increase atmospheric CO2 high enough for environmental change in 150 years. We can reduce this level again with a very concerted effort in a much shorter period (if we really wanted to). Nuclear waste is a problem that will be with us for 1000's of years with no possibility of reversal. (Depletion reactors do a good job, it's just a bit dangerous from a terrorism perspective... again, it's just human.)
We have not put a price on carbon (and GHGs). The critical thing to realize is that we must put a price on carbon (and other GHG's). This will make non-carbon (non-GHG) producing technologies workable. As it is, oil and gas are artificially low, considering the effects on the global climate. We need to attach a cost to these issues. When we do that properly other technologies will move forward.
written by Steve, May 21, 2009
written by Roger Brown, May 21, 2009
It does not really matter what human beings who are inspelled by the world's dominant cultural mythology expect. The Romans did not expect their empire to be overun by barbarians. Native Americans and native Australians did not expect their way of life to be destroyed within a few generations. The European aristocracy did not expect to surrender the political and economic power that they had wielded for centuries. But guess what? Reality had some surprises in store.
Growth based private finance capitalism is not going to rule the world forever. As far as I am concerned this claim is a statment of objective fact and has nothing to do with political ideology. It does not matter if you are a full blown Marxist who believes that dialectical materialism is the ultimate revelation of the universe's inner workings, or if you are a right wing libertarian who believes that anyone who shows up at a government agency asking for a handout should be taken out and shot as a public nuisance. You still cannot turn off the law of gravity. You cannot travel faster than the speed of light. Our economic output cannot grow forever.
Of course, you can always hope that it can grow for X decades longer where X is greater than the length of your life, so that you will not be personally inconvienced by the transition to a new paradigm. In my selfish moments I hope for such an outcome myself. But in public discussions about our long term destiny I opt for ecological common sense. The fact that such common sense appears to be 'naive and unrealistic' is testimony to the fundamental structural insanity of the dominant cultural paradigm.
written by shek, May 21, 2009
written by lost in space, May 23, 2009
your not a scientist are you.
this too will one day be solved in well under eve 1 thousand years. until then i too am not a proponent of nuclear.
remember that finding oil (texas tea) in one's field was once not so very long ago a huge curse.
written by Emmett Blake, May 27, 2009
Last I heard Finavera had a project to install generators off the coast of Washington State. While it was a modest proving station it is an example that the failure of one business is not the failure of an entire emerging industry.
written by Emmett Blake, May 27, 2009
See: http://www.finavera.com/files/2009-01-06 Finavera Renewables FERC permits.pdf
Vancouver, Canada, February 6th, 2009 – Finavera Renewables Inc. (‘Finavera Renewables’ or the ‘Company’) (TSX-V: FVR) announces it has filed applications to surrender its Federal Energy Regulatory Commission (“FERC”) license for the Makah Bay Wave Energy Pilot Project in Washington and the Humboldt County Preliminary Permit for a proposed wave energy project in California. The decision allows the Company to focus its resources on enhancing its near-term wind project portfolio and provide shareholders with a clearer path to revenue in this challenging economic environment. The Company retains all Intellectual Property associated with the AquaBuOY technology and is actively seeking financial and technical partners for the future development of the technology.
written by terry hallinan, May 28, 2009
The more prosaic power buoys are making fine progress while SeaDog, that uses wave power to pump sea water onshore, is a far simpler and maybe more promising development.
JMO.
Best, Terry
written by Rich, May 29, 2009
Take the lead Roger, you have my positive energy.
written by Rich 2, June 02, 2009
That is probably (and unfortunately) correct. Looking at history, by far the most dominate form of governance is dictatorship of some kind. Past democracies have failed when their citizens became unable or unwilling to hold back the power mongers. Don't kid yourself into thinking that this time it will be different. In my opinion, many of the power mongers for the "new paradigm" are using the environmental movement to get there. Just look at the dictatorial policies they want to use to force everyone to comply, and you'll see that for yourself.
Also, the rest of your argument amounts to purposefully causing an economic decline now to avoid economic difficulties later. That only makes sense if you believe that prosperity is inherently evil and that poverty (or at least a significantly lower standard of living) is thus morally preferable, regardless of the ecological consequences of either prosperity or poverty. Otherwise, you would hope for continued prosperity along with fewer ecological consequences, instead of an end to our prosperity.
written by MaxCC, June 06, 2009
written by Roger Brown, June 16, 2009
I do not believe that properity is inherently evil. I belive that living with your means is physically necessary. Considering that species extinction rates have risen to 1000 times their prehuman levels and that there are five billion or so people who currently comsume resources at only a fraction of the rate of the OECD countries, I think that substantial reasons exist to believe that we are living beyond our means. If you have any evidence to the contrary please present it.
written by Uncle B, October 03, 2009
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The only effective short term action to combat global warming (not to mention mitigating the economic effects of resource depletion) is for the OECD nations to reduce their total level of economic activity. This is the real incovenient truth which both Al Gore and technology fairy websites such as Ecogeek are ignoring. This not to say that I think that we should abandon the scientific and technological enterprise, but we should be utilizing our smarts to provide basic goods and services (i.e. food, shelter, clothing, education, medical care) with low levels of resource consumption rather than trying to increase the size of our pile of toys forever.
If we want our economic system to exhibit ecological intelligence then such intelligence much be must be part of our primary institutional structure rather than being subordinated to the goal of selling more stuff this year than we did last year. The hope of making all of our economic stuff 'green' so that we can pursue more stock market growth forever is pipe dream. I know that no one wants to hear this 'commie nonesense' any more than a cancer patient wants to hear that he or she has to undergo a long treatment of chemotherapy. However, facts are facts, and they do not become false simply because they imply a different future than the one we have dreamed about.