TEL AVIV, Israel, March 26, 2015 \/PRNewswire\/ -- <\/p>\n
Eco Wave Power, a world leader in electricity from ocean waves, established a Subsidiary in Changshu under the name of\"Suzhou Eco Wave Technology\".The Company was established with investment from a Chinese Governmental fund that believes in EWP's innovative technology and provides funding for EWP's first 100KW grid connected plant, to be completed by the end of this year. <\/p>\n
In a short time frame, Suzhou Eco WaveTechnology was able to secure consent to construct a pilot plant in Zoushan Island, and is in advanced negotiations regarding additional 50MW projects in Zhejiang. <\/p>\n
EWP's commercial scale power plant will be the first of its kind. <\/p>\n
Suzhou Eco Wave Technology is part of EWP's corporation, which was established in 2011 and became a significant player in the wave energy industry with a current pipe-line of 99MW, 50MW of which are planned to be in China. <\/p>\n
EWP's technology won the frost & Sullivan Innovation Award, the Energy Globe Award and additional recognitions worldwide. <\/p>\n
With over 18,000 km of coastline and approximately 6500 islands, China is believed to be one of the biggest markets for wave energy. <\/p>\n
The theoretical mean power of wave energy resources along China's coasts reaches 12852.2 MW, with most massive resources in Taiwan, Zhejiang, Guangdong, Fujian and Shandong. <\/p>\n
Previous testing of Hydraulic systems in actual sea environment in China showed that conversion efciency of Hydraulic system is higher than 50% (as compared to 15% -20% of wind and solar), and the quality of the output power can be used directly. <\/p>\n
According to Mr.David Leb, founder & CEO and Ms. Inna Braverman Co-Founder: <\/p>\n
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Excerpt from: <\/p>\n
Eco Wave Power Establishes a Subsidiary in Suzhou, and Receives an Approval for a First Plant in Zhejiang Province<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" TEL AVIV, Israel, March 26, 2015 \/PRNewswire\/ -- Eco Wave Power, a world leader in electricity from ocean waves, established a Subsidiary in Changshu under the name of\"Suzhou Eco Wave Technology\".The Company was established with investment from a Chinese Governmental fund that believes in EWP's innovative technology and provides funding for EWP's first 100KW grid connected plant, to be completed by the end of this year. In a short time frame, Suzhou Eco WaveTechnology was able to secure consent to construct a pilot plant in Zoushan Island, and is in advanced negotiations regarding additional 50MW projects in Zhejiang. Continue reading