LABRADOR HYDRO TECHNOLOGY
In general, small and mini hydro power generation technology like HUG have shorter gestation periods (approx. one year) compared to large hydro power plants (7 years). In addition, small and mini hydro give a higher return on investment due to the low capital investment and maintenance costs. The energy potential of small and mini hydro plants, which are easier to construct and commission due to simpler designs. This keeps costs down especially in remote areas like Labrador.
New technology leads to new growth opportunities:
- HUG is a Patented Energy System that will literally change the face of our world as we know it.
- Energy costs of diesel electricity (not including capital costs) are very high: $0.63 per kWh vs. $0.15/kWh for HUG
- HUG extracts power from a water flow without the use of an expensive dam: Cost $1,000,000: $4000/kW
- Laminar flow of the HUG creates a boundary layer at the wall of the spiraling cylinder resulting in zero friction: this increases the velocity up to four times.
The next largest sector is the Small Hydro Power (1Mw to 10 MW) and Large Hydro Power (more than 10 MW) markets deploying larger scaled-up HUG models in estuaries and ocean currents. With 102 estuaries in U.S. and over 3,000 globally, tidal estuaries are ideal sources of water power adding significantly to potential production.
The HUG innovation can also be in the Small Hydro category which had a market of $14 Billion in 2008 and experiencing a 16% growth per year. In 2015, Small Hydro will be a $40 Billion market typified by tidal estuaries and large river systems.
Mining Companies like Quest Rare Minerals have a serious energy problem, which could make or break their proposal.
- Diesel Oil must be carted inland for hundreds of miles near Lac Brisson, Uyagalatok Rapids and Voisy Bay.
- Yet only 16 km away is a 100MW HUG solution.