Finavera RenewablesFrom SustainableX.comFinavera Renewables Inc is a publicly traded company dedicated to the development of renewable energy resources and technologies.
[edit] Overview Finavera Renewables Inc. is developing the licensed and patented 'AquaBuOY' wave energy technology, a device that is based on proven and sustainable buoy technology. The Company is developing wave energy projects for AquaBuOY use in the United States, Portugal, South Africa and Canada. In addition to developing the Aqua Buoy, Finavera is also developing wind energy projects in Canada and Ireland. In Canada, a two stage 150 MW project is being developed in Alberta. Construction on this advance stage project is estimated to begin in 2008 and provides for near term revenue. In British Columbia, four projects totaling 366 MW have been entered into the provincial Environmental Assessment process, and several other sites are being developed. In Ireland, two pre-construction wind projects are under development with a potential capacity of 175MW. Data collection and environmental studies have been continuing at a number of sites in both countries.
[edit] Acheivements Finavera has successfully completed the testing process of the AquaBuOY 2.0 wave energy technology, which was deployed off the coast of Newport, Oregon in early September. Key positive results from testing include confirmation of the overall system's excellent performance, correlation with numerical models, and the successful overall integration of the hose pump system. There had been buoyancy issues and the device had sunk but was later retrieved. Finavera is now working on the Aguabouy 3.0 that will be taken to market.
[edit] ProductsThe Aquabuoy 2.0 is a large 3 meter wide buoy tied to a 70-foot-long shaft. By bobbing up and down, the water is rushed into an acceleration tube, which in turn causes a piston to move. This moving of the piston causes a steel reinforced rubber hose to stretch, making it act as a pump. The water is then pumped into a turbine which in turns powers a generator. The electricity generated is brought to shore via a standard submarine cable. As with the Pelamis machines, the system is modular, which means that it can be expanded as necessary. [edit] Contact and locationCorporate Head Office 595 Burrard Street, Suite 3113 Three Bentall Centre, PO Box 49071 Vancouver, British Columbia Canada V7X 1G4 Map Tel: +1 604 288 9051 Fax: +1 604 684 2722 Portland Office 107 SE Washington Street, Suite 620 Portland, Oregon 97214 Map Tel: +1 503 922 0820 Fax: +1 503 922 1021
[edit] Share informationStock Code: TSX-V: FVR ISIN: Country of share register: CN Broker:
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