What's our AIM?

Virya Paramita Energy Private Limited is a renewable energy company that plans to harness wave energy to meet the growing demand for electricity. The company aims to develop a powerful wave energy convertor system that will help produce electricity for commercial and household purposes. By 2030, we aim to expand and use our technology in the following domains such as desalination, ocean surveillance, sea navigation system, coral reef renourishment, offshore communication, and weather buoy. .

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Why Wave Energy?


The energy market is transitioning, driven by the escalating energy demands and the pressing need to curb emissions. We are taking steps to reduce our carbon footprint, reduce climatic changes, and ensure energy security. While the offshore oil and gas industries supply enormous energy to power the globe, the conventional fossil-fuel power resources used to support the offshore activities are seldom unreliable and laborious to maintain as the exploration activities migrate far away from the coastline.

Wave energy is not simply an alternative resource, but it proves to be the ideal solution to the major offshore activities starting from deep-sea surveillance to powering oil and gas drilling operations. Its global practical capacity is around 2 to 4 trillion kilowatt-hours per year. The World Energy Council believes that by harnessing ocean energy, we can meet around 10% of global electricity consumption. Below are the reasons why wave energy could be the perfect solution to a lot of our common day-to-day problems!

Predictability
Constant Supply
Proximity
The competitive advantage
Predictability
 

The amount of electricity we can generate from wave energy is not only enormous but also predictable. We can thus exactly identify the electricity needs we can meet. It allows us to make the necessary arrangements for the shortage of electricity.

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Constant Supply
 

 It has been found out that a shore, on average, receives 4,000,000 waves each year, and these waves are present throughout the day for 365 days a year. Waves are thus perennial.

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Proximity
 

Over 50% of the global population lives near the coastal region; therefore, harnessing this energy and transmitting it to cities located in close proximity to the ocean as well as islands requires minimum infrastructure.

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 The Competitive advantage
 

Of course, waves are caused by wind, so wave energy does in the end depend on wind, in the same way that wind depends on solar radiation. But so does the energy density potential increases as the energy gets transferred from solar to wind. Wave energy is in the range of several tens of thousands of watts per meter of wave front. This allows wave energy plants to produce power using smaller footprints in comparison to other renewable sources. 

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Potential in India

India has a coastline of 7500+ kms which gives it a huge advantage to utilize this coastline for various activities. As per certain studies and research the identified potential for wave energy in India is around 41GW. The potential for economic growth, energy security, job creation, and global export inherent in wave and tidal energy technologies is considerable.