The HUG Hawaii Wave Energy is a game changer. It promises to bring electricity created from ocean wave energy to the ocean shores of Hawaii at a very low cost.
Hawaii would seem a natural site for such technology. As any surfer can tell you, it is blessed with powerful waves. The island state also has the nation’s highest electricity costs—largely because of its heavy reliance on oil delivered by sea—and has a legislative mandate to get 100 percent of its energy from renewables by 2045.
The following images are located along the coast of Hawaii wherever there is a natural small bay. This type of topography reduces the cost of the reservoir.
Now enter a new use which is more profitable: the creation of electricity. Now it makes sense to spend over $25 million on the project because of a very lucrative return on investments: 19%/year in first year to 105%/year thereafter.