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Oceanic Wind Energy Inc V.NKW.H

Alternate Symbol(s):  NKWFF

Oceanic Wind Energy Inc. is a Canada-based renewable energy company. The Company's primary business is the development of renewable energy projects.


TSXV:NKW.H - Post by User

Comment by BayWallon Feb 03, 2022 11:25pm
57 Views
Post# 34395937

RE:What does this company do?

RE:What does this company do?
Everyone has to get together and discuss things. I would like to see electricity replacing fossil fuel based operations, but also contribute to value added production.

Europe is taking the lead in producing green hydrogen and supplying a local oil refinery to cut their emissions while they transition. Or making green hydrogen/ammonia for export and realizing foreign currency.
 
With Northland and First Nations, discuss local benefits which are attainable. Employment opportunities made possible by the windfarm, but not specifically related to the windfarm.
 
BC Hydro would have a big say also and maybe have some ideas of their own about wind power. It's beyond me where things stand. 
 
Storage technology can be discussed to reduce dependence on hydro and the role hydro dams have to complement windpower. It's expensive to keep facilities at the standby to back-up windpower. It is also important to note that hydroelectric reservoirs represent another form of “energy storage” that can help to facilitate the integration of wind and solar energy into the grid. By storing water behind the dams when wind- and solar-energy facilities are producing electricity, hydroelectric facilities are in essence storing energy that can be deployed when required. 

This is usually all I see with local offshore ambitions.--Globally, there is increasing deployment of much larger offshore wind turbines that take advantage of stronger and more consistent winds blowing over the ocean. While there are currently no examples in Canada, some projects have been proposed for future development.
 

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