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Since 2010, California closed one nuclear plant (2,140 MW installed capacity) while Germany closed 5 nuclear plants and 4 other reactors at currently-operating plants (10,980 MW in total). Next City of Milford Electric Department The design involved connecting five long floating tubes on the ocean surface that moved up and down or back and forth by wave motion. That movement was used to drive an electric generator inside each tube. Subsea cables carried the electricity back to shore. Each unit was capable of producing enough power to supply 500 houses, Brekken said. The last few years have seen China’s growing prominence in the global bitcoin community. Cheap electricity is one factor. Demand in China is also high. 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