The innovative (and controversial) UK “wave hub“, in essence a giant plug on the ocean floor, has received approval. The UK government has will install this plug to allow wave power companies to feed energy back into the grid. The £28 million ($56.5 million) project has cleared the last major regulatory hurdle and will begin construction soon.
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Wave and tidal power could provide 3 percent of Britain’s electricity by 2020, according to the government-backed Carbon Trust.
The installation is expected to generate up to 20 megawatts of energy, enough to power 7,500 homes and eliminate 300,000 tonnes of CO2 over 25 years. Four companies have already been selected to build projects at the hub.