(716) 842-0145

295 Main St Suite 914 Buffalo, NY 14203

900 Camp St Suite 4C5 New Orleans, LA 70130

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Raymond James Financial Services is not affiliated with New Orleans Chamber of Commerce.

https://brokercheck.finra.org/

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC Privacy Policy</a/<a

Goldfarb Financial is not a registered broker/dealer and is independent of Raymond James Financial Services, Inc. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.

Certification awarded by an independent nonprofit organization B Lab. This certification recognizes businesses that meet rigorous standards of social performance, accountability and transparency. The 2019 Best for the World lists are determined based on the verified B impact Assessments of Certified B Corporations. The B Impact Assessment (BIA) is a free Online tool designed to comprehensively measure the positive impact that businesses generate for their communities, customers, workers, and environment; administered by the independent nonprofit B Lab. Criteria can be found at https://bcorporation.net/2019-best-for-the-world. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of the firms’ or the advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. B Impact and Best for the World is not affiliated with Raymond James.

 
Search
  • Jeffrey Goldfarb

Waves and Currents

Energy | Hydro | Solar | Wind | Buffalo, NY | B Corp


Expansion in Current Energy Collection

This blog has spent a lot of time discussing solar panels and wind turbines as alternative energy, but one of the strongest arguments for continuing to push for clean energy is its versatility. While burning fossil fuels comes from a limited number of resources, the ability to harness renewable energy is as vast as the imagination. Just look at Niagara Falls. People wanted to turn Niagara Falls into an energy hub since as early as the 1700s but it wasn’t until the 1890s, with Tesla’s vision, that the Falls natural power was tapped.[1] The same can be seen with all innovative developments after, and will continue to be seen as the world further invests in energy outside of fossil fuels.

Now, while Thomas Edison once said “I’d put my money on the sun” when asked about future energy technologies, one cannot ignore water. Though solar is becoming one of the fastest growing forms of clean energy (and the sun the most powerful supplier of energy the world can use), the earth is still 71% water, with 96.5% of that coming from the ocean.[2] It would be a mistake to ignore using what the planet has readily supplied, especially if it reduces our overall carbon footprint.

State of Green, an energy non-profit in Denmark is leading the charge to make their country independent of fossil fuels by 2050.[3] One of the technologies they’re using to accomplish that goal is wave power. With no negative impacts on the environment, wave power uses the natural rising and falling of waves to move pumps, which charge their sheltered generators.[4] Another benefit of wave power is its consistency: “Wave power is more predictable than wind, as waves normally continue for 6 to 8 hours after the wind drops.”[5]

This is not new technology. Collection of waves and currents date back over a decade with the first commercial offshore wave energy facility opening in 2007/2008 off the Atlantic coast of Portugal.[6] It closed not long after in 2009.[7] The problem with wave technology was never the potential, just the lack of developments in the research. But like Tesla bringing his vision to Niagara Falls, Wave Power is beginning to find its vision.

Each form of renewable energy does have a drawback. For example, wind energy can be volatile and unpredictable; solar used to be expensive and could only collect during daily hours. Their strength comes from numbers. By further developing new and existing forms of renewable energy, the world will find permanent solutions to the energy question.


Opinions expressed are not necessarily those of Raymond James Financial Services. Information contained was received from sources believed to be reliable, but accuracy is not guaranteed. Information provided is general in nature, is not a complete statement of all information necessary for making an investment decision, and is not a recommendation or a solicitation to buy or sell any security. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Investing in the energy sector involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.

[1] https://www.pbs.org/tesla/ll/ll_niagara.html

[2] https://water.usgs.gov/edu/earthhowmuch.html

[3] https://stateofgreen.com/en/pages/about-state-of-green

[4] https://stateofgreen.com/en/sectors/solar-other-renewables/wave-power

[5] https://stateofgreen.com/en/sectors/solar-other-renewables/wave-power

[6] http://www.rnp.org/node/wave-tidal-energy-technology

[7] http://e360.yale.edu/features/why_wave_power_has_lagged_far_behind_as_energy_source

0 views