Article: Wave energy moves to underwater grid link.

The prospect of generating large volumes of electricity and then distributing power through underwater grid lines is nearer with successful tests announced Monday.

New Jersey-based Ocean Power Technologies Inc. said it tested the feasibility of setting up wave power substations underwater and linking the pods to grids on land for onward transmission of the electricity to consumers. The test results were also reported simultaneously by the London Stock Exchange.

The company said it carried out the tests in Spain, proving the feasibility of cleaner, safer, more efficient form of energy produced from the ocean waves.

The Underwater Substation Pod, ...

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