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Wave energy is a form of hydro power that harnesses the energy of ocean waves to generate electricity. Wave energy is a renewable energy source that can be used to supplement or replace traditional sources of energy. Wave energy is considered to be a clean and sustainable form of energy, as it does not produce any emissions or pollutants. Wave energy is also considered to be a reliable source of energy, as it is not affected by weather or climate conditions.
Wave energy is still in its early stages of development, and the technology is still being refined. However, the potential for wave energy is significant, and it is expected to become an increasingly important part of the global energy mix in the future.
Some of the companies in the wave energy market include Ocean Power Technologies, Carnegie Wave Energy, Aquamarine Power, and Pelamis Wave Power. Show Less Read more