Israeli company Yam Pro Energy is partnering with Shapoorji Pallonji Group, to build a wave energy power station in Ghana. The $180,000,000 project is expected to provide 150 MW of power when completed.
Zeev Peretz and Laser Rothshtein, the joint CEO's of Yam Pro, stated, "We are very excited to reach such a substantial milestone as one of the largest EPC companies in the world is giving confidence in our technology and company and are willing to start a cooperation in Ghana. We are hoping this will be a start of a global cooperation with SP that we can ogether revolutionize the energy market around the world.”
Yam Pro’s technology captures energy from the ocean's waves via floaters that are designed to the geographical region. Incoming waves lift and drop the floaters. This continual motion generates energy.
The floaters are anchored to wave breakers and jetties by a hydraulic arm. The hydraulic arm has hydraulic fluid in it. The arm is connected to an onshore power plant. The up down motion of the floaters generates fluid pressure in the hydraulic arm. The fluid pressure spins a generator in the power plant that generates electricity and that electricity is sent from the plant to the grid.
Yam Pro’s Ghana power station will benefit 10,000 households. The project will be completed in stages over the course of three years, with an initial phase beginning at 10 MW.