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Cheap Electricity from Waves
Here is information courtesy of The Energy Blog on a cheap, simple way to create electricity from waves. It has few moving parts or electrical connections to shore that could be maintenance problems. It could cost under 4 cents per kilowatt hour. The problem I see is that it would require both offshore and shorefront real estate. Thus, it may not be economically or politically feasible in areas with high shoreline property values. It may be primarily useful in developing countries.
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