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Interviewer: "What accounts for your success, Mr. Getty?"

J. Paul Getty: "Some people find oil, some don't."

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Entries Tagged as 'wave power'

Wave Power Could Be Promising

July 22nd, 2008 · 2 Comments

An Israeli company that currently operates a wave-based power generating pilot plant in Haifa has sold two new models to China.  If it proves economical, prospects for further sales to China and others would seem to be very bright.  Thanks to my friend Jeff Stonberg for bringing this to my attention. The Israelis’ claim the capital cost for their wave-generating station is far less than any other alternative including coal, gas, wind or solar.   Just on an intuitive basis and specifying that I know less than nothing about the subject, …

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Tags: electrical generation · wave power

Cheap Electricity from Waves

January 29th, 2008 · No Comments

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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Tags: electrical generation · wave power