World Energy Research to focus on Clean Energy

Monday, Jul 13, 2009

The energy investment firm, World Energy Research is proud to announce the company is redefining its focus on cleaner ways to produce energy. World Energy Research is consistently developing prospects in all energy sectors, focusing on cleaner ways to extract oil and natural gas as well as a major concentration in green energy, including solar, wind and tidal power.

"Alternative energies have grown five fold in the past year," says Chad Willis, Managing Director of World Energy Research. "World Energy Research and Blue Energy Canada just signed a joint agreement in which World Energy Research will finance the development of Blue Energy Canada's first 200 MW commercial tidal power project."

The tidal turbine will harness tidal power on a large scale to provide environmentally-safe electricity in large quantities. In addition, World Energy Research is close to securing two more major deals in the solar and wind technology sectors.

Solar energy is becoming a major player in renewable energy, growing at a tremendous rate, according to the photovoltaic industry's annual reports. In 2007, solar cell production increased by 50% and has been doubling every two years.

Wind energy has also been increasing at a rapid rate. The industry has been growing at 28% a year for the past five years, and if growth trends continue as expected, wind capacity will double approximately every three or four years.

Willis believes that tidal energy will be the fastest growing sector. "Of all the renewable energy technologies, tidal power is the most reliable because of its predictability. With oceans covering more than 70% of the Earth's surface and experts estimating that 0.2% of that energy could provide power for the entire world, this truly is the wave of the future."

Source: World Energy Research