COMMERCIAL POTENTIAL AND MARKET CONSIDERATIONS

The proposed “Equipment to Extract Ocean Wave Power” was conceived with an eye toward commercial success. The first step toward commercialization is acquiring the funding necessary to construct a prototype capable of demonstrating the benefits of this invention.

In the past, commercialization of competing inventions failed because high efficiency features, as well as the flexibility of moving the turbine, were lacking. These turbines were made of a single paddle wheel which was moved on a short wave impact. Also, the transmission of power from turbine to a considerable size electric generator was either inadequate and/or complicated. The focus of this invention is to capture more than one wave simultaneously while having the turbine placed in the best position so as to remain in contact with the wave for a longer period of time instead of being moved on intermittent short impacts. In this manner, a larger overall surface per single turbine is continuously exposed to energy transfer and maximizes the waves energy output. The invention’s greatest feature is its ability to provide renewable energy at a much lower cost than other energy sources. This will create a scenario of market competition where only the most inexpensive and efficient energy sources will be able to succeed in the energy marketplace.

The advantage of ocean wave energy as compared to other sources of energy is that it can be produced pollution-free. The growing environmental concerns facing the world today make this feature especially attractive to a population increasingly concerned with health and quality of life issue. This invention can become a significant power source of clean energy in the United States and other countries with access to the sea, ocean and lakes. It would secure rapid growth and long-term profitability in manufacturing, as well as in electricity generation.

The equipment itself is compact. The maximum area required to install one unit is approximately l00 sq. meters (or l7 ft. X 66 ft. = ll20 sq. ft.). This is much smaller than other energy related facilities.

Unfortunately the progress in utilizing ocean wave power has been impeded by the concern that the powerful nature of ocean waves will lead to the destruction of equipment that is in constant contact with the waves. This invention solves this problem by using its flexibility features to avoid or, to a great degree, minimize the destructive effect. With this concern addressed, government, manufacturers and small businesses, will realize the great commercial potential of this invention and enthusiastically provide the funding needed to take the first step in the path of commercial success.