As the unit uses the same components that are used in wind turbines, it should be cost competitive with offshore wind energy. It is also designed especially for use in rough conditions.
Wave Hub is offering an excellent testing and development environment for this particular technology. The grid-connected demonstration site is deep enough and Wello will be able to develop its device in all possible sea conditions. The concept of the Penguin device will remain the same, but we are putting efforts into optimising the software which is directly linked with power production. The wave energy converter itself will also see small improvements here and there.
Wello’s Penguin has recently completed several years power production and survivability testing off Orkney.
“In the long run, we hope that wave power will be an important renewable energy source, together with wind and PV, and wave power could become competitive energy source without any subsidies,” Huumo added. “We have still long way to go, but we believe that this project is exactly right to get wave power and the Penguin closer to commercial deployments.”
Article from the Engineer