On September 11, 2015 the management of Neptune Wave Power will have a telephone conference with potential investors and their advisors about the firm’s prospects. I have arranged for Alfred University to have access to this call.
Waves have moved energy around the globe since the earth was formed. But humans have yet to harness them at a reasonable cost and at scale. So the innovations keep coming. One of the most promising is Neptune Wave Power.
Neptune Wave Power, based in Texas, has developed and patented a technology that can efficiently convert the wave motion imparted on a buoy into a rotational motion that drives a generator to produce electricity. Neptune’s patent for a computer controlled horizontal rotating pendulum provides us with a significant advantage over the competition. It is their patented system that allows Neptune to optimize the conversion of wave motion to electricity. (If the idea of a “horizontal rotating pendulum gives you pause, just think of a self-winding watch. It’s the same idea.)
Neptune Wave Power’s technology is a “point absorber” Wave Energy Conversion Device (‘WECD’). The floating and securely moored offshore buoy reacts to the vertical surge and irregular movement of waves causing a horizontal pendulum within it to rotate. The rotational energy of this pendulum is directed to an on board electric generator. Power generated is fed to the utility grid via an underwater cable system at an interconnect point. Neptune Wave Power’s WECD patented designs have numerous advantages:
* No moving parts exposed to seawater
* Design that uses proven electrical, mechanical, mooring, and drive components
* Modular design for cost effective manufacturing
* Interchangeable components for cost effective maintenance
* Scalable and movable
* Dynamically configurable for any offshore environment