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Frost & Sullivan Recognizes Eco Wave Power for Its Path-Breaking Innovation in the Field Of Wave Energy Generation

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Frost & Sullivan Recognizes Eco Wave Power for Its Path-Breaking Innovation in the Field Of Wave Energy Generation PR Newswire MOUNTAIN VIEW, California, July 31, 2012 - The company has efficiently handled all the prominent challenges prevailing in the field to offer an effective and affordable energy harvesting solution MOUNTAIN VIEW, California, July 31, 2012 /PRNewswire/ -- Based on its recent analysis of the wave energy generation market, Frost & Sullivan recognizes Eco Wave Power with the 2012 European Frost & Sullivan Award for New Product Innovation for developing and implementing an all-round solution for effective energy harvesting from waves. "Driven by the energy crisis around the globe, an escalation of activities in newer forms of renewable energy has been observed by Frost & Sullivan global monitoring," said Frost & Sullivan Research Analyst Avimanyu Basu. "In this regard, Eco Wave Power has emerged to become a strong participant in the wave power sector, where the company is targeting to efficiently produce energy at an affordable price range." Wave energy comes with its share of limitations that need to be properly addressed by the agents harvesting the energy. For instance, making the solution cost-effective, maintaining the floaters, finding the correct placement to leverage wave height without exposing the devices to rough weather, among others.
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Frost & Sullivan Recognizes Eco Wave Power for Its Path-Breaking Innovation in the Field Of Wave Energy Generation
PR Newswire MOUNTAIN VIEW, California, July 31, 2012
- The company has efficiently handled all the prominent challenges prevailing in the field to offer an effective and affordable energy harvesting solution MOUNTAIN VIEW, California,July 31, 2012/PRNewswire/ -- Based on its recent analysis of the wave energy generation market, Frost & Sullivan recognizes Eco Wave Power with the 2012 European Frost & Sullivan Award for New Product Innovation for developing and implementing an all-round solution for effective energy harvesting from waves. "Driven by the energy crisis around the globe, an escalation of activities in newer forms of renewable energy has been observed by Frost & Sullivan global monitoring," said Frost & Sullivan Research Analyst Avimanyu Basu. "In this regard, Eco Wave Power has emerged to become a strong participant in the wave power sector, where the company is targeting to efficiently produce energy at an affordable price range." Wave energy comes with its share of limitations that need to be properly addressed by the agents harvesting the energy. For instance, making the solution cost-effective, maintaining the floaters, finding the correct placement to leverage wave height without exposing the devices to rough weather, among others. Eco Wave Power, which was founded by David Leb, concentrates mainly on exploiting the maximum possible energy from waves at a reasonable deliverable price. The organization cleverly undertook the challenge to achieve the balance between exploitable energy available from the waves and ensuring longevity and durability of the system at the same time. This critical balance point is determined on the basis of four decisive factors; floater shape, specific designs with respect to geography, adaptability and last but definitely not the least, economic viability. Eco Wave Power implemented its proprietary technology in its floaters "Wave Clapper" and "Power Wing." The two separate designs achieve maximum efficiency in energy generation in environments with less space to accommodate floaters, as well as in places where there are opportunities to exploit waves of different heights. These floaters bear no resemblance to the prevailing shapes like cylindrical, square or simple round shaped floaters. Stable at different wave heights, their unique design utilizes wave effects such as lifting force, Archimedes power, change of water level, and incident flux of waves to generate energy. "Since only a small percentage of the system lies in water and the remaining equipment is onshore (just like a regular power station), it is far more convenient, easy and cost effective to fix, repair and maintain the equipment as compared to off-shore technologies," added Avimanyu. "Durability of the system is further enhanced by employing three different storm protection mechanisms, corrosion protection, shock-wave protection mechanism, lever