Eco Wave Power recently won the 2012 European Frost & Sullivan Award for New Product Innovation. The company, which was founded by David Leb, has designed a system of floaters that are able to harness the kinetic energy locked in the very motion of our ocean currents. This proprietary technology has been developed to address the substantial challenges to wave power implementation. With minimal material located below water level, the system allows for easy access for maintenance and a reduction in the damage that can occur from both excessive wave height and force, as well as the damage caused by submersion in corrosive salt water. The company’s team of engineers recently established a medium scale power plant on the Black Sea.
Frost & Sullivan have been supporting innovators like Eco Wave Power and its Founder, David Leb, for over 50 years. With traditional methods of power generation coming under fire because of the toxic emissions produced by materials such as coal, the potential for wave energy to supplement or replace such methods with clean and renewable access to power makes them attractive to both investors and government policymakers alike.