Cost Competitive Wave Energy Without Moving Parts
Conventional approaches to ocean energy are unlikely to make a material impact on global energy supply. HiFunda LLC and its affiliate Oscilla Power, Inc. are developing a utility-scale wave energy harvester enabled by low cost, domestically-and readily-available magnetostrictive alloys that requires no moving parts. This device has the potential to deliver baseload power to coastal utilities, industrial users, and remote facilities at costs competitive with coal or gas. Early prototypes could enable low cost battery charging for remote buoys. This project will demonstrate that the combination of (1) existing material compositions, (2) compressive stress biasing and (3) permanent magnet biasing are sufficient to deliver the required magnetic flux performance. In combination with privately funded demonstration of a wave tank prototype and building upon prior testing demonstrating the magnetic induction potential of these alloys under representative loads, this project will demonstrate substantial technology risk reduction on the path to commercialization.
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