Finavera has been a bit of a poster boy – or should that be poster buoy? – for wave power lately, after signing a deal with utility firm Pacific Gas and Electric last year.

Now Finavera’s CEO is giving you – yes, you, you lucky devil – a bit of an insight into what’s going on in his mind. And it’s not the usual ‘did I leave the washing out?’ type fripperies that haunt the rest of us?

Here’s a little bit on the company’s proprietary wave tech from the man himself, Jason Bak:

Significant progress was also made in the Company’s ocean energy division. The AquaBuOY 2.0 prototype wave energy device was deployed for two months off the coast of Oregon in its first scaled ocean trial. Critical data was gathered during the deployment that will form the basis for the ongoing development of the technology helping to transition it to a commercial and operational phase. Based on this result, the deployment of the prototype was a success having verified mathematical modeling thereby paving the way for the next generation of the technology.[....]

Development continues on AquaBuOY 3.0. This design phase will build on the information gathered from the deployment of the AquaBuOY 2.0 technology off the coast of Oregon in 2007. The mathematical and power output modeling was verified during the test phase, giving the Company confidence that the development process is on track. Ongoing work in the year ahead will optimize design and put the AquaBuOY on track to meet its technology and project milestones. The exact timing of future deployments and specific development plans will be released as research and development objectives are met.

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