General Electric Buys Into Wave Power.
Yep, GE. They made an small $2.6 million investment in Ocean Power Delivery, developers of the Pelamis Wave Energy Converter. This nifty gizmo is currently being installed off the shore of Portugal, where it will deliver 750 kilowatts of electricity, the first of three planned for a 2.25 megawatt facility.
Maybe it’s time Guam looked into this technology again. It looks like this is actually a viable option for power generation, and Guam certainly has enough wave action. I’ve been thinking Guam should invest in wind power, but this is also an attractive option.