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Technology Stocks : Game Changers and Market Movers
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From: Paul H. Christiansen11/18/2014 11:22:57 AM
   of 686
 
We Have Solar Power and Wind Power, Here Comes Moon Power

When Mark Baker looks up at the moon at night, he does not see magic or mystery. He ponders megawatts.

Twice a day, like clockwork, the moon’s gravity makes the seas ebb and flow. For Baker, a marine renewables business manager at GE Power Conversion, the tides are the perfect source of energy, more predictable and reliable than wind or solar power. “Some U.K. locations have significant tidal head ranges,” he says. “They offer a tantalizing energy generation potential.”

People tried to capture tidal and wave energy since the Middle Ages when they used “tide mills” to grind grain. Ideas Lab reported that the first tidal power station was the Rance tidal power plant built between 1960 and 1966 in La Rance, France. But the technology did not catch on because of its high capital cost and the limited availability of sites with sufficient tidal flows.

Although innovations in turbine technology and design have begun to lower those costs and make deployment possible in more areas, the technology is “decades behind other forms of renewables and will likely need significant government support and research to become a true clean energy player,” according Ideas Lab.

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We Have Solar Power and Wind Power, Here Comes Moon Power
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