Waves Have the Highest Energy Density/Potential

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Waves Have the Highest Energy Density/Potential

Wave power is a key renewable energy source and is harnessed from the motion of a wave. The kinetic and potential energy of a moving ocean wave is converted to electricity using wave energy converters (WECs).

Highlighted by the World Economic Forum, here is something to know. The reliability of wave energy is a big attraction. While wind and solar energy are unpredictable, waves are reliably frequent and?harbor more energy than other renewables. Waves have the highest energy density of renewable energy sources, compared to others like wind, solar, biomass and geothermal.?

Scientists have estimated that wave energy globally could meet the world’s annual electricity needs if it was fully harnessed. According to the US Energy Information Administration, the waves around the United States coasts could provide?66% of the country’s electricity. Many countries are?developing ocean energy systems. Policies are being introduced to encourage this.

Lots of?niche applications for wave energy?are helping to pave the way for larger utility-scale projects. These include using wave energy to power oil and gas platforms, marine farming, remote islands, naval bases, oceanography services and luxury resorts. However, the high cost incurred in installing a wave energy converter is the major setback for the technology and its large-scale application.?

According to GlobalData, there are 20+ companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of wave energy?converters. One emerging company introduced by the NATO DIANA program, Dolphin Labs, provides small-scale wave energy converters with the smallest footprint that can power subsea applications - autonomous submerged or floating wave energy conversion to enable persistent power, sensing, and communications in remote marine environments.

Dolphin Labs aims to solve this - Our oceanic natural resources and critical infrastructure are exposed and unprotected from harmful actors. We have the technology, but we don't have the persistent power to consistently track and mitigate these threats.

A Persistent and Cost-Effective WEC for Remote Sea/Subsea Missions

According to Rolle Hogan ???? the CEO of Dolphin Labs Ocean Labs - the provider of a patented wave energy converter (WEC) that harnesses wind-driven ocean wave action to produce up to 1kW of remote, renewable electricity - "there is nothing in xNode’s size and weight class that can deliver the same functionality and mission performance."

"The xNode stands out compared to its competition with three main advantages.

• First, it can produce up to 1kW of power continuously while weighing less than 5,000 lbs. and fitting into a standard shipping container for transport.
• Second, its single point mooring system makes installation simpler and more economical.
• Third, it can operate fully submerged, protecting it from surface wave damage and making it harder to tamper with or be detected by adversaries.
• In comparison, other deployable WEC technologies are larger, more complex, and need multiple mooring lines to deploy."

It targets commercial and government clients (dual-use), and has secured clients in both. They have secured $2.5M in non-dilutive grants from the US Navy, US DOE & NATO DIANA, and are part of the NATO DIANA program in 2024. The management team comes from Shell, Hess, NREL, H3Harris, Berkeley, etc.

They presented on our last Demo Day, we're setting up a second meeting with the team. You might access the deal here for online discussions and messages before the second meeting - Access the Deal . (confidential data is only for investors with the company's permission to access)

Meeting Time: July 24, 10 AM US Central Time

Meet Dolphin Labs

Kudos to Hani Elshahawi for recommending this company to the Global League!

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