Swel (Sea Wave Energy Limited) claims that a single Waveline Magnet device, scaled to suit the wave climate at EMEC, would satisfy more than the hubs current grid-connection capabilities.
Swel has developed and tested their devices in wave tanks and live sea environment. The R&D indicates that even in its current development state, the Waveline Magnet can produce substantial power levels at an exceptionally low cost, competing even with non-renewable sources.
The attributable market share to Wave Energy, with current feed-in tariffs, create an annual market valued in excess of £10.7 Billion for the United Kingdom alone.
Images credit Swel