In presenting this paper it is our intention to bring our readers up to date with respect to the recent advances and development of the CARE Technology as well as favorable new cost projections, technical and manufacturing improvements as well as discuss environmental and social aspects.
Before presenting our comments with reference to the CARE technology we review and offer information with respect to the credibility of this new hydro technology. First, the following is the introduction to the evaluation report of the technology made by the CEFET the energy division of the University of Minas Gerais. It stated:
The floating turbine is the most important discovery for the generation of alternative electric energy for the immediate future causing no pollution.
We can predict that the use of the turbine for generation will provoke significant changes in social structures , in economic development and with regard to ecological and environmental considerations .
In developed countries its potential can be used to produce hydrogen and in developing countries its potential can be used to provide energy to where it is not readily available. In both cases it will make it possible to create millions of jobs direct and indirect complementing the world’s economy.
The CARE technology was subsequently invited to be a Technology Pioneer by the World Economic Forum of Davos in 2010 .
CARE was also invited to participate in the CIETEC program of the University of São Paulo.
Centro de Inovação, Empreendedorismo e Tecnologia - Cietec
The technology was recognized internationally by articles published in Business Week, Harvard Business Review Brazil, Valor Economico, the USA magazine Water Power and Dam Construction www.wterpowermagazine.com by the magazine Pequenas Empresas Grandes Negocios by the Scientific and Technical Advisory Committee (STAC) and was the subject of TV half hour report by CNN in Spanish.
COST CONSIDERATIONS RETURN ON CAPITAL