Innovation for water-related power generation has been on a steady climb over the last several years, including both power secured from the movement of fluids by gravity (hydro) and oceanic/sea tidal movement (wave). From 2010 through 2015, hydroelectricity innovation jumped by 60 percent and sea wave electricity climbed 82 percent. Although hydro has had more activity, wave-related power is growing more quickly.
Guangdong Meiyan Jixiang, GE, Toshiba, Zhejiang Ocean University and Voith are the top five organizations investing in innovation in this space. The chart below shows the breakout between their innovation related to hydro or wave activity from 2010 – 2015.
Of all these, Guangdong Meiyan Jixiang has had the most recent, fastest uptick in activity. The others have remained fairly consistent in their water-related power generation research and investments, ending 2015 in the 20-40 published inventions that year. Guangdong eclipsed them all with nearly 150 for the same period.
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