Frost & Sullivan Recognizes Eco Wave Power for Its Path-Breaking Innovation in the Field Of Wave Energy Generation

Frost & Sullivan Recognizes Eco Wave Power for Its Path-Breaking Innovation in the Field Of Wave Energy Generation PR Newswire MOUNTAIN VIEW, California, July 31, 2012 - The company has efficiently handled all the prominent challenges prevailing in the field to offer an effective and affordable energy harvesting solution MOUNTAIN VIEW, California, July 31, 2012 /PRNewswire/ -- Based on its recent analysis of the wave energy generation market, Frost & Sullivan recognizes Eco Wave Power with the 2012 European Frost & Sullivan Award for New Product Innovation for developing and implementing an all-round solution for effective energy harvesting from waves. "Driven by the energy crisis around the globe, an escalation of activities in newer forms of renewable energy has been observed by Frost & Sullivan global monitoring," said Frost & Sullivan Research Analyst Avimanyu Basu. "In this regard, Eco Wave Power has emerged to become a strong participant in the wave power sector, where the company is targeting to efficiently produce energy at an affordable price range." Wave energy comes with its share of limitations that need to be properly addressed by the agents harvesting the energy. For instance, making the solution cost-effective, maintaining the floaters, finding the correct placement to leverage wave height without exposing the devices to rough weather, among others.