The Outlook for WWT Technology's role in Renewable Energy Production from Water Currents.
The advantages in developing freshwater and tidal current energy Technology and use:
Hydro energy is fuelled by renewable water currents, thus it is a renewable source that will never "run out" and as a fuel. It is clean and has only Maintenance cost after commissioning.
In contrast, power plants that rely on fossil fuels (e.g. coal, oil and natural gas) to produce electricity are subject to fuel price volatility and availability, resulting in cost and economic uncertainties.
A Water Current is a “clean energy” source, and electrical energy production from it creates no Green House Gas emissions.
Conversely, power plants that rely on the combustion of fossil fuels to produce electricity create massive GHG emissions, resulting in air pollution and acid rain.
As a clean and renewable energy resource, water current energy carries green credit certificates (based on each MWh produced) or Renewable Energy Credits that support renewable resource investment and encourage large industrial GHG emitters to reduce their dependency on fossil fuels.
Top class river and ocean resources
Canada is regarded as having some of the world’s best Renewable Energy resources and they are largely untapped.
Energy costs decreasing
The new WWT technology to harvest water currents makes it far more economical to install and run than large hydro dam installations.
Federal and Provincial incentives
The Renewable Power Production Incentive programs equalize the cost premium associated with green power through credits.
Local economic benefits
Equipment manufacturing and energy projects construction create new jobs in the communities. WWT plants can be built along the coast and continental waterways, thus benefiting the economy of populated areas.
Comparable areas needed
The footprint of WWT plants is a fraction of other renewable energy production methods.
Enhancing Energy availability and continuity
Employing a diversity of energy sources enhances the security of electricity supply.
Energy Production over time
Due to the difference in tidal times in different regions it will allow for a smoother energy supply if enough WWT’s are installed along the Tidal route.
Today’s electrical generation is provided by traditional large power plants. More distributed generation sources would lead to more secure and reliable electricity supply.
As one of the fastest growing sources of electricity in the world, Renewable Energy offers a remarkably economic and environmentally responsible opportunity for investors.