Results for tag: "Point Absorber"

The Point Absorber market is a subset of the Hydro Power industry, which is the use of water to generate electricity. Point Absorbers are a type of wave energy converter, which use the motion of waves to generate electricity. They are typically composed of a floating buoy, which is connected to a generator on the seabed. The buoy is designed to move up and down with the waves, which causes the generator to rotate and generate electricity. Point Absorbers are a relatively new technology, and are still in the early stages of development. They are seen as a promising source of renewable energy, as they are able to generate electricity from the natural motion of waves. Some companies in the Point Absorber market include Carnegie Wave Energy, Ocean Power Technologies, and Wello Oy. Show Less Read more