| Atmocean, Inc. is pleased to announce the formation of our UK affiliate
Ocean HydroPower Systems Ltd.
(We intend to use the acronym "OHS" both for the UK Company, and as name of our seawater transmission wave energy technology - formerly known as "Wave Energy-Sequestration Technology - WEST")
Interviews of Atmocean CEO Phil Kithil 083012 onboard R/V Miss Linda offshore Coos Bay, Oregon
Industry perspective and future - about 3 minutes
Atmocean, Inc. ObjectivesReplacing fossil fuel electricity with clean, renewable wave electricity generated by OHS will help eliminate CO2 emissions which are silently stealing our future. The biggest benefit is derived on islands and remote coastal regions which import diesel to generate electricity – eliminating this diesel consumption also eliminates the bunker fuel used to run the ships. Consumers often pay 30 cents to over 60 cents per kilowatt-hour (kWh) in these locations. Atmocean OHS can deliver clean electricity for under 10 cents per kWh –saving consumers at least half on their electric bill. OHS delivers double benefits – lower cost, and less CO2!
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