The famous British territory Gibraltar is all set to receive a 5-megawatt wave energy power station that will enable it to harness, exploit and take advantage of the bountiful and abundant wave energy generated by the waters of the Mediterranean sea, by harvesting electricity from them.
The power plant will be developed and installed by Israel-based company Eco Wave Power, previously well known for its Power Wing and Wind Clapper wave power generation technologies.
This wave energy power plant will take care of as much as 15 percent of Gibraltar's power needs, and will enable the territory to meet renewable energy goals. The project proves that eco-friendly energy projects can successfully be applied in smaller territories, and could be followed by further projects in places as far away as China and Kenya.
Wave-Harnessing Power Plants
Gibraltar Will Be Home to a 5-Megawatt Wave Energy Power Plant
Trend Themes
1. Wave Energy Power Plants - The infrastructure for wave energy harvesting is likely to continue to grow as demand grows for renewable and eco-friendly energy.
2. Renewable Energy Solutions for Small Territories - Eco-friendly energy projects are not limited to large areas and can be successfully implemented in smaller territories with the right infrastructure in place.
3. Expansion of Wave Energy Power Plants - Wave energy projects will likely continue to expand as more territories and countries move toward eco-friendly and renewable energy solutions.
Industry Implications
1. Renewable Energy Industry - The renewable energy industry has the potential to grow as more territories and countries move toward eco-friendly energy solutions.
2. Power Generation Industry - The power generation industry may need to adapt to the growing demand for renewable and eco-friendly energy solutions.
3. Infrastructure Industry - Infrastructure companies may need to invest in the development and implementation of renewable energy solutions, such as wave energy power plants, to keep up with the growing demand for eco-friendly options.