Keeling Curve

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Project Summary / Description:

Our mission: "Saving the climate with PROFITABLE wave power"

Our goals: 
1) "To deliver stable energy from the oceans at a lower price than offshore wind"
2) "To globally deploy thousands of units over the coming decades"
3) "To play a vital role in mitigating the climate crisis in a huge global market"
4) “To make the annual profit of using NoviOceans so high, that it by itself will be the catalyst for 
      deployments in the thousands.”

Country or Countries of Operation:

United States

Afghanistan

Albania

Algeria

Andorra

Angola

Anguilla

Antigua & Barbuda

Argentina

Armenia

Aruba

Australia

Austria

Azerbaijan

Bahamas

Bahrain

Bangladesh

Barbados

Belarus

Belgium

Belize

Benin

Bermuda

Bhutan

Bolivia

Bosnia & Herzegovina

Botswana

Brazil

British Virgin Islands

Brunei

Bulgaria

Burkina Faso

Burundi

Cambodia

Cameroon

Canada

Cape Verde

Cayman Islands

Central African Republic

Chad

Chile

China

Colombia

Comoros

Congo

Cook Islands

Costa Rica

Cote D Ivoire

Croatia

Cruise Ship

Cuba

Cyprus

Czech Republic

Democratic Republic of Congo

Denmark

Djibouti

Dominica

Dominican Republic

Ecuador

Egypt

El Salvador

Equatorial Guinea

Eritrea

Estonia

Ethiopia

Falkland Islands

Faroe Islands

Fiji

Finland

France

French Polynesia

French West Indies

Gabon

Gambia

Georgia

Germany

Ghana

Gibraltar

Greece

Greenland

Grenada

Guam

Guatemala

Guernsey

Guinea

Guinea Bissau

Guyana

Haiti

Honduras

Hong Kong

Hungary

Iceland

India

Indonesia

Iran

Iraq

Ireland

Isle of Man

Israel

Italy

Jamaica

Japan

Jersey

Jordan

Kazakhstan

Kenya

Kuwait

Kyrgyz Republic

Laos

Latvia

Lebanon

Lesotho

Liberia

Libya

Liechtenstein

Lithuania

Luxembourg

Macau

Macedonia

Madagascar

Malawi

Malaysia

Maldives

Mali

Malta

Marshall Islands

Mauritania

Mauritius

Mexico

Micronesia

Moldova

Monaco

Mongolia

Montenegro

Montserrat

Morocco

Mozambique

Myanmar

Namibia

Nauru

Nepal

Netherlands

Netherlands Antilles

New Caledonia

New Zealand

Nicaragua

Niger

Nigeria

North Korea

Norway

Oman

Pakistan

Palau

Palestine

Panama

Papua New Guinea

Paraguay

Peru

Philippines

Poland

Portugal

Puerto Rico

Qatar

Reunion

Romania

Russia

Rwanda

Saint Kitts and Nevis

Saint Lucia

Saint Vincent and the Grenadines

Samoa

San Marino

Sao Tome and Principe

Satellite

Saudi Arabia

Senegal

Serbia

Seychelles

Sierra Leone

Singapore

Slovakia

Slovenia

Solomon Islands

Somalia

South Africa

South Korea

South Sudan

Spain

Sri Lanka

St Kitts; Nevis

St Vincent

Sudan

Suriname

Swaziland

Sweden

Switzerland

Syria

Taiwan

Tajikistan

Tanzania

Thailand

Timor L'Este

Togo

Tonga

Trinidad & Tobago

Tunisia

Turkey

Turkmenistan

Tuvalu

Uganda

Ukraine

United Arab Emirates

United Kingdom

Uruguay

Uzbekistan

Vanuatu

Venezuela

Vietnam

Virgin Islands (US)

Yemen

Zambia

Zimbabwe

Regions of Operations:

How Project Affects Greenhouse Gas (GHG) Emissions:

1) Eleven out of the twenty most CO2 emitting countries world wide have excellent wave conditions!
2) Wave energy is calculated by IRENA and IPCC to have the same potential as all global electricity 
    consumption at present, 29 000 TWh. (Enerdata). 
3) Wave energy is simply a better energy source than wind and solar, due to a 2-3 x higher baseload 
4) Combined with wind power, separate or same location, baseload can be up to 5 x higher than wind 
    alone. Meaning much less fossils and batteries needed to power the grids for the 40% of the hours of 
    the month with less than 10% wind power, and no sun for 50% of the time. Actually a no-brainer
5) Weight to power ratio = 1/2 vs offshore wind 
6) Number of parts = 1/2 vs offshore wind 
7) Sea area used for same output = 1/2 vs offshore wind
8) LCOE vs start of solar and wind = 1/3´d
9) Baseload vs offshore wind = 2-3 x
10 Baseload for wind and wave combined = 4-5 x
11 Power to weight ratio vs competition = 2 - 50 x, plus simpler, less parts, well proven parts, validated 
     and with higher true output.
12 Life cycle emissions 1/2 of Floating Wind, 17 kg CO2 eq. MWh, = 7 % of EU grid average, renewables 
     included.
13 The wave energy unit delivers 500 kW peak average output in waves of four meters, 250-300 kW in a 
      medium location.  The float lifts 600 tons up to 10 000 times a day, converting the energy simply by 
      an upside down hydro power plant, well proven over 200 years, and a large water filled hydraulic 
      cylinder pumping water in the exact same way as an old fashioned garden pump. Simple, light, well 
      proven, few parts, cost-effective and with high output. We claim it to be a no-brainer for the ones 
      that take the time to look and understand. In a giant market with a giant climate emergency 
      mitigation potential.
13 The hybrid consists of 500 kW wave plus 100 kW / 4-700 sqm of solar on top, but can be combined 
      with on-board battery storage, hydrogen production and desalination systems, on board or separate.
14 Less need for new long distance transmission cables, as 50% of global population live near oceans.

Best Estimate of GHG Avoidance/Reduction of This Project (Tonnes CO2 Equivalent/Year):

Sustainable Development Goals:

Impact on Underrepresented Groups:

The people so far hit the hardest from the present effects of the climate crisis/emergency, are not the ones from the rich western countries, it is the ones living in islands communities, remote locations, low income and underdeveloped regions. 6.6 million died from air pollution last year, a large portion also from these regions. These regions are where we can make the most impact in a relatively short time span. 

How? Our units provide renewable energy, 2.5 times more stable than offshore wind, multiple times more stable than solar power. Many of these communities cook inside by burning woods, contributing largely to women suffering and dying from air pollution, as they do not have other sources of energy when the sun sets. 

Our units, beside producing stable energy from the oceans, often next door, do also have on board storage by super capacitors, as the same source is used for onboard systems like generator RPM control. By this, we will even add to the electricity demand in peak hours when the often PV produce zero, thereby giving women and youth to live better as well as have other activities in the evenings. 

The option is to buy battery storage for almost the same cost. The difference is that by our all in one package , you get almost double the power as PV + batteries, for the same cost. Our carbon payback time is less than a year, while PV´s are 5-10 years. 

The youth and women in developing countries, are often stuck with traditional jobs and moderate future prospects. We have three revenue models, number one being local production, deployment and maintenance by very priceworthy license contracts. 

Thanks to the almost embarrassing simple design of our unit, but triply patented, a large percentage can be produced at local shipyards and local industries, not possible by PV´s, most other marine energy or wind power. Women and young people will be among the beneficiaries from this. 

We want to pursue this goal for two reasons: 1) To achieve our needed contribution to the SDG goals in time, it is not enough to grow organically, it simply goes too slow, see history from 2015 as a proof. 

Many companies around the world, look for ways to switch from present production from for instance the oil industry, but they do not know how to most efficiently make the transition. By giving them very priceworthy license possibilities, with all instructions needed, also coaching, supervision and support, we aim to grow this to a multi-national endeavor. It might not be as profitable as maximizing profit the traditionally way, but to be honest, I personally do not care, as long as we can grow fast. See earlier comment about need to be in control by owning 51% of the shares. 

We have three women in our team. Having worked with 44 students, where less than 10% in their classes are females, we realize the challenges by increasing the share, but we promise you, it is high on our list.

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