The hope is to have a design ready for construction within the next two years
The project was one of 10 across the country granted money by the TD Bank, under a program to help people and communities disproportionately affected by climate change and the transition to a low-carbon economy.
Wave energy, especially for small-scale and close-to-shore projects, is more predictable than other types of renewables, such as wind or solar, Buckham said. And it generates the most energy in winter, when electricity demand is typically at its highest. It can be paired up with solar power in summer when wave energy is reduced.Article content
The advantage of this system, designed by South Korean project partner INGINE, is it doesn’t rely on extremely costly underwater submarine cables or expensive ocean equipment systems that are hard to build or repair and are vulnerable to corrosion from salt water.
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