This article discusses whether wave power could be the next boom in renewable energy. Several devices that generate electricity from the movement of waves are about to begin large-scale testing in Hawaii.
Wave power, which captures electricity generated by the movement of ocean waves, is a resource that could supply 10% of the world’s electricity needs, says John McCarthy, CEO of Ocean Energy, the Ireland-based company testing the first device, the 826-ton, 125-foot-long Ocean Buoy. That resource “is as yet untapped,” he says. “There’s a lot of commercial potential, and obviously, greenhouse gas benefits and climate action benefits from using that source of energy.”