Bolstered by $270,000 in venture capital, Thomas plans to have a single unit installed off the Humboldt coast by the end of the year to demonstrate the essential feasibility of the technology in the real marine world. The project must be approved by the California Coastal Commission and the State Lands Commission.
If the pump isn't battered into flotsam by Humboldt's heavy surf -- always a possibility -- a 16-pump project will follow, hooked up to a 50,000- gallon tank to store seawater for the hydropower production. That would cost about $3 million and yield about 537 kilowatts, enough power to service about 600 homes.
A 200-pump, 6,700-kilowatt system would follow, powering more than 7,000 homes. According to the company's business plan, that would cost about $16 million to build and require about $1.6 million in annual maintenance and operational costs. Its electricity would cost about 31/2 cents a kilowatt-hour, which, generally speaking, is comparable to the cost of coal-generated electricity, cheaper than natural gas generation and more expensive than nuclear.
Ultimately, said Thomas, a 1-square-mile array could be built, generating about 750 megawatts, enough power for about 100,000 homes. If things ever get that far, such a plant would cost $217 million to construct, cost about $110 million a year to operate, and yield power priced at 2.08 cents a kilowatt-hour.
Jim Bushnell, the research director for the University
http://www.mindfully.org/Energy/2004/Wave-Power-Trinidad4aug04.htm