Wave Power Farm – $60 Million To Power 400 Homes

Not a typo – it is going to cost $60 million to build a wave power farm on the Oregon coast that will supply 400 homes with electricity. It’s the first of it’s kind in America and involves installing ten 150 ft x 40 ft, 200 ton buoys. The up and down movement of a buoy will be harnessed to drive an electric generator. It’s an idea that has been around for over 100 years and is only now being explored due to our mad search for alternative energy sources. The first commercial wave power farm, the Aguçadora Wave Park, was built in Portugal in 2008 and was suspended indefinitely in March of 2009. So lets get back to the $60 million – I truly hope we don’t look back on Jubbling projects like this the way we look back on the dot-bomb fiasco or even more recently, the mortgage banking crisis. You know, that feeling of “I knew it was a bunch of crap!”

Wave Power Farm Buoy

That is why I think ideas like the Humancar deserve a second look. The Humancar is kind of MacGyver-Jubbling that generates electricity for your home when it’s paired with the optional chassis driven electric generator [skip ahead to 4:40 in the video]. And for 60 million bones, you could buy 4,000 Humancar Imagine_PS NEV’s. Inhabitat

[youtube width=”350″ height=”280″]http://www.youtube.com/watch?v=Glmlby7HIx0[/youtube]