"As a wave passes over the top, you get a pressure wave that causes motion relative to the sea floor, and with our anchors on the sea floor, we convert that relative motion to power," said COO Dan Petcovic in a 2021 video. Indeed, here's the clearest statement we can find. The company is curiously vague in its communications about how its xWave device actually works. The xWave is a boxy, buoyant little platform that's towed out to sea and anchored to the sea floor, with a tether length that holds it fully underwater. Most projects seem to stay in the testing phase for an awfully long time, and nothing to date has managed to go commercial on a grand scale.ĬalWave is probably a good example this company has been announcing the successful completion of tests since at least as far back as 2016, when it had a miniature 1/20th-scale model running in a test basin. The ocean is a famously harsh environment for man-made objects, and energy assets need to pay off their significant capital expenses over decades of continuous operation to attract investment dollars. On the other hand, extracting that energy is proving tricky. There's some promise in it as CalWave points out, "ocean waves are 20-60 times more energy-dense, predictable and consistent compared to other forms of renewable energy." Wave energy is one of the less common renewable energy sources, and while there are many wave energy projects under development, the industry itself can be considered more or less embryonic at this stage. CalWave has been working on its xWave clean power technology for many years now, and has announced the successful conclusion of an extended open-ocean test off the coast of San Diego, in which the device demonstrated over 99% system uptime.
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