Here is the SECRET!The HUG Wave Energy innovation adds over three times the increase of velocity created from its vortex. The turbine’s power is proportional to the cube of its average velocity. Thus, a doubling of the average speed of the flow results in an eight-fold increase in its power, which results in the lowest cost: $0.01/kWh.
The Solution:There have been a lot of wasted efforts in solving wave energy problems because of a wrong pathway. This may be the real reason why United States and Canada have not entered into the fray with the Europeans: they had not been presented with an obvious valid solution with adequate power density. TheHUG‘s compact and robust wave power plant enables over ten times higher annual energy output per ton compared to conventional wave devices.
The real advantage of the HUG is POWER from the action of the vortex in the HUG and the Venturi effect created by the shape of the HUG:
The Innovative HUG System creates approximately $18 million in new revenue period over three years– with an investment of $ 7 million over the same time frame; netting $11 in new money, yet this investment can be flipped as a HydroPublic Private Partnerships, earning a pre-tax return of 10% for decades. Based on these high earnings, the value of the investment will appreciate accordingly.
These take different forms. Many employ a mix of public and private funding, with the operation and maintenance of the infrastructure performed by a private enterprise on behalf of the government. The most familiar example of a PPP is the Confederation Bridge between New Brunswick and Prince Edward Island. But there are still relatively few existing PPPs in Canada.
Other countries, such as the United Kingdom and Australia, offer many examples of successful PPP infrastructure. Unlike most jurisdictions in Canada, these other countries already have a well-developed legal and regulatory framework for PPP investments
OUR NORTHYDRO STRATEGY
Stage 1 To capture energy from Run-of-River, Rapids and Waterfallswith theHUG
Stage 2 To introduce a smaller version of the HUG: for Fish and Hunting Camps
Stage 3 HUG Hydro electricity and irrigation in remote areas: to support work in Africa.
Stage 4 To Introduce the HUG Water Transfer System to crisis area
Stage 5 To introduce commercially viable HUG Tidal Energy