Hydro power is the power generated by harnessing the movements of water.
A hydro power company named BioPower released details of an agreement between it and a Spanish development company named Elecnor.
This agreement signifies that BioPower's bioWAVE technology will be given a chance in the global energy market.
BioWAVE technology is a new development in what is called wave energy, where electricity is generated using the currents in the ocean.
Built correctly, wave energy producers can be durable, emit zero emissions, and not impact the environment in any way.
If built incorrectly, wave energy producers can break down because of the constant currents and storm and they can negatively impact marine life.
BioWAVE is light, strong and built in a way that doesn't impact marine life.
A demonstration project in Spain of BioPower and its technology could be ready as soon as 2011.
"'Wave energy is now emerging as a new clean energy source and we recognize many advantages if the right technology is used,' Esquivias said. 'BioPower appears to have solved the problems associated with earlier wave energy technologies and we are hopeful that their bioWAVE will be an enormous commercial success.'"
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