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1. Renewable
Hydroelectric energy is renewable. This means that we cannot use up. However,
theres only a limited number of suitable reservoirs where hydroelectric power
plants can be built and even less places where such projects are profitable.
2. Green
Generating electricity with hydro energy is not polluting itself. The only pollution
occurs during the construction of these massive power plants.
3. Reliable
Hydroelectricity is very reliable energy. There are very little fluctuations in terms of
the electric power that is being by the plants, unless a different output is desired.
Countries that have large resources of hydropower use hydroelectricity as a base
load energy source. As long as there is water in the magazines electricity can be
generated.
4. Flexible
As previously mentioned, adjusting water flow and output of electricity is easy. At
times where power consumption is low, water flow is reduced and the magazine
levels are being conserved for times when the power consumption is high.
5. Safe
Compared to among others fossil fuels and nuclear energy, hydroelectricity is much
safer. There is no fuel involved (other than water that is).
2. Expensive
Building power plants in general is expensive. Hydroelectric power plants are not
an exception to this. On the other hand, these plants do not require a lot of workers
and maintenance costs are usually low.
3. Droughts
Electricity generation and energy prices are directly related to how much water is
available. A drought could potentially affect this.
4. Limited Reservoirs
We have already started using up suitable reservoirs for hydroelectric power plants.
There are currently about 30 major power plants that are expected to generate
more than 2.000 MW under construction. Only one of these projects was started in
the last two years.
2. Renewable
Like with most green energy sources, wave power is also renewable. Since this
energy source ultimately comes from the heat energy that is emitted from the sun,
it will not disappear for some time in fact, several billion years or as long time it
takes for the sun to burn out.
4. Reliable
Waves are hardly interrupted and almost always in motion. This makes generating
electricity from wave energy a reasonable reliable energy source (at least when you
compare them to solar and wind).
It should be mentioned that the amount of energy that is being transported through
waves does vary every year and from season to season. On the northern
hemisphere, the average value of November and May could be different with a
factor of two or more.
Wave and wind energy has a larger potential during the winter which is a nice
synergistically effect with solar energy where the largest potential is in the summer.
5. Area Efficient
A wave farm that is occupying less than a half square mile of an ocean would
generate more than 30 MW of power the equivalent of 20.000 British homes.
6. Offshore Wave Power
Ocean wave energy plants can be put offshore, solving several of the issues that
come with power plants closer to the land. The first benefit of offshore wave power
is that there is a larger energy potential in these waves.
The larger flexibility as to where to put these offshore wave farms could
potentially minimize the negative environmental effects wave power has on the
environment.
Offshore wave farms are on the other hand more expensive.
2. Costs
Wave power is in very early stages of development, which makes speculating on
costs harder. Wave resources, connections to the power grid and the lifespan of the
technology are just a few factors that result in different costs for different projects.
Of these factors, the lifespan is the most uncertain one, since this is a relatively new
technology and we are lacking data on how long these wave power inventions
realistically can operate.
At the moment, the costs of wave power are generally very high. These power
plants cannot be developed without sufficient funding from the governments. On
the other hand, renewable energy is the future, and the costs are expected to drop
when larger facilities are up and running.
Many of the parts that are involved in wave power generation require regular
maintenance. The fact that some of these parts are under the water does not
make it any easier or cheaper for that matter.