Wave power 'will be cheaper than onshore wind', says Ecotricity founder
Ecotricity's plans to add wave power to its generation portfolio are on track, according to founder Dale Vince, who claimed the technology will be "cheaper than onshore wind".
Vince told Utility Week that a prototype of the Searaser device - which will sit close to the shore and use the motion of the waves to pump seawater to an onshore turbine - would be in the water by Autumn.
The prototype will be tested at the FabTest marine testing site in Falmouth, where firms such as Fred Olsen are also testing wave devices.
Ecotricity is the majority shareholder in Searaser. The company plans to have a commercially available device by 2014. Eventually, said Vince, the technology will be "cheaper than offshore wind".
- Flow Energy launches new low-cost tariffs Flow Energy has launched two new energy tariffs which aim to maintain low prices despite rising wholesale costs.
- Good Energy freezes winter prices Good Energy has promised to freeze its gas and electricity prices until at least March 2017.
- Data-sharing remedy won’t go ahead unless trials are successful A database for ‘sticky’ customers who are disengaged from the energy market will not be implemented unless trials prove...