Sustainable Energy

The price of wave energy is determined only by the initial investment, interest rates, and the maintenance costs. Thus, the price of wave energy does not fluctuate with price of crude oil, gas and coal.     
 
Wave energy produces electricity with a time displacement relative to wind energy, and is thus a good supplement to wind power. Installed converters harnessing wave energy do not emit any CO2. Wave parks can become protected habitats for communities of marine life. 
 
Wave Energy is decentralized, and is thus not a terror target (like nuclear power or hydrodams).

The global wave power generation potential in populated coastal areas is estimated (in IPCC report 4, page 280), as 500 GW installed capacity, which can generate approximately 1100 TWh of green electricity each year. An estimated 40 % (440 TWh/yr) of this energy is economically viable. If all this energy was harnessed by DEXAWAVE Converters, there would be 250 000 installed DEXAWAVE converters globally. In other words, there is a huge market for wave energy, providing that it can be made available at a competitive price and the high stability demands can be met.

Wave energy electricity can be produced from swells 6 hours before the wind picks up over land, and up to 12 hours after the wind has died down. This generally makes wave energy a good supplement to wind turbines to increase coverage by renewable CO2-free energy.  
 
Industrialized countries with high energy demands (like Denmark) tend to saturate with wind power at about 15 % coverage. After that the landscape is cluttered with wind turbines, and further development is limited by environmental factors like noise, landscape disruption and safety. In Denmark there have been hardly any new wind turbine erections during the last 3 years, due to landscape saturation.
Wave power, on the other hand, is undeveloped. Since locations on the sea are uncritical (unlike wind turbines, converters do not have to be placed on selected exposed hills), there is plenty of ocean real estate available for wave power plants. If shipping routes, fishing grounds or environmental concerns demand changes in the future, DEXAWAVE converters can easily be moved to other locations.

Wave energy is potentially the most economically viable alternative to other means of green energy production, on the same level as wind power. Wave energy can potentially take Denmark from 16 to 30 % coverage by renewables, without cluttering the landscape with thousands of new wind turbines. Other countries, which are more exposed to wave power, like Portugal, Australia, New Zealand, India, USA, Brazil, Chile, Norway, the UK, Canada, Japan, and almost every island community in the world, can potentially achieve 100 % coverage by using wave power. 

In addition to CO2 concerns, reserves of oil, coal and natural gas will be exhausted at some point in the future. As oil exploration moves to new and less accessible areas of the world, production costs will rise accordingly, leading to an inevitable price increase for fossil fuels. This will make renewable energy - like wave energy - a more and more attractive solution.