WERPO, a wave energy technology specialist, has signed an agreement with Beijing Capital Group (BCG), who will exclusively represent WERPO in China.
Shmuel Ovadia, director at WERPO and inventor of its proprietary sea wave energy technology, stated: “China is one of WERPO’s strategic locations, both due to the region’s vast expanse of oceans with the potential to supply enough energy for all of China and the surrounding countries, and due to growing environmental awareness in China.”
“The cooperation with BCG “is a major milestone for implementation of WERPO’s sustainable energy solutions,” Mr. Ovadia said.
Steve Cole, NASA Headquarters and Leslie McCarthy, NASA’s Goddard Institute for Space Studies, published that 2014 was “the warmest year in modern record”. With global warming still a major threat, there is a greater emphasis placed on profitable and durable renewable energy systems.
According to WERPO, sea wave energy is the only solution left for China – solar energy has been proven to be not economical and wind energy is not a possibility as harsh weather conditions would damage the wind turbines severely. These same harsh weather conditions only benefit production of energy from sea waves, as higher waves store more energy, and WERPO’s system is equipped to handle such extremes.
Source: WERPO (Image: WERPO’s technology, initially developed under SDE Ltd.)