Eco Wave Power innovation recognised

Based on its recent analysis of the wave energy generation market, Frost & Sullivan has recognised Eco Wave Power with the 2012 European Frost & Sullivan Award for New Product Innovation for developing and implementing a solution for effective energy harvesting from waves, Red Orbit reports.

“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,” says Frost & Sullivan research analyst, Avimanyu Basu.

Sacramento Bee says wave energy comes with its share of limitations that need to be properly addressed by the agents harvesting the energy.

Eco Wave Power, which was founded by David Leb, concentrates mainly on exploiting the maximum possible energy from waves at a reasonable deliverable price.

Eco Wave Power is the deserving recipient of the 2012 Frost & Sullivan New Product Innovation Award, Penn Energy notes.

Each year, Frost & Sullivan presents this award to the company that that has developed an innovative element in a product by leverage leading edge technologies.