Click here to learn more about the Impact Organisation
The world’s energy demand is constantly increasing and is predicted to be 62% greater by 2050. This demand is estimated to give rise to an investment requirement of USD 14 trillion by 2050. Furthermore 940 million people (10% of the world) do not have access to energy, with 3 billion people still relying on wood, charcoal or animal waste for cooking and heating.
In order to help address these issues, DWR has designed the FITS Power Plant which can provide an affordable, secure comprehensive delivery of carbon-free baseload power, 24 hours-a-day, seven days-a-week, by utilising the hydrokinetic power of rivers.
Rivers are always flowing unlike solar and wind. Hydrokinetic power is the movement of water which can be converted into electrical power by using underwater vertical axis turbines.
The FITS unit is placed in areas of the rivers where high energetic river flows exist and converts this motion into clean electrical energy. DWR has built a 200kW prototype floating hydrokinetic power plant (FITS). The design is scalable from 20kW to 500kW, having the potential to address local community demand through to utility scale markets.
Unlike other river energy technologies such as hydro dams, our technology does not require large associated infrastructure, and hence limits any adverse environmental and social displacement effects. In contrast to conventional hydropower, implementation is a lower cost, quicker and faces less planning consent.
DWR estimates its initial projects will generate at least 18.7 TWhr lifetime power generation and offset 5,187,500 mTCO2e greenhouse emissions through the implementation of its forecasted project pipeline over the next 10 years, a true scalable impact.
Production of clean renewable energy will be monitored through metering onboard the FITS power plant.