Friday, January 04, 2013

Amping Up Electric Earth Index

Earlier this week a revised Electric Earth Index was published by Crystal Equity Research.  Several new names were added to the lists of companies attempting to harness energy generated by the ocean, waterways, airways and even the superheated rocks below our feet.

The most additions were in the Ocean Group the potential in wave and tidal motion of the oceans gained respect among scientists and engineers.  Based in Scotland, Pelamis Wave Power, Ltd. is working six projects in various stages of development. The Pelamis wave technology was proven through a successful deployment of three demonstration machines off the coast of Portugal in 2008.  A second generation machine called appropriately Pelamis 2 has since been sold to two utility customers, putting Pelamis on the road to full-scale commercialization.

Another new addition to the wave group is Carnegie Wave Energy Ltd., which has listed its common stock on the Australia exchange under the symbol CWE.  Carnegie has sold a license for its CETO wave apparatus to EDF Energies Nouvelles and the two are in a joint venture to deploy a commercial scale CETO unit on the French territory of Reunion Island. Carnegie’s CETO wave machine is unique in the field in its capacity to desalinate seawater, but it is not clear yet whether this feature will enhance marketability.

Investors keen on detailed due diligence will be thrilled to find that Wave Star AS provides a live webcam of a deployed WaveStar machine as well as a video tour narrated in English.  If wave generated energy is a new concept this is a good place to get educated.  Founded by two sailors, Wave Star as a company is still in a developmental stage but has had an operational machine connected to the grid in Denmark since 2010.  EnergiNet has been paying Wave Star for energy generated, which some might consider commercial stage.  However, the deployment is principally being used to fine tune design and operation of a scale-up machine.

Please visit the Crystal Equity Research web site to see the revised Electric Earth Index to other new names added to the Ocean Group as well as the Hydro, Geothermal, Wind and Solar-Concentrating Groups.  The Electric Earth Index is one of four company lists maintained by Crystal Equity Research to track progress in companies pursuing energy alternatives, conservation and efficiency products and services.  The Beach Boys Index includes the ethanol and biofuel producers.  Innovators with efficiency fixes and recycling schemes are included in the Mothers of Invention Index.  The photovoltaic and nuclear energy folks are listed in The Atomics Index.

Neither the author of the Small Cap Strategist web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein.

No comments: