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Energy from the ocean

If these prototypes are successful, IHS believes the global ocean energy project pipeline is poised to begin scaling. They estimate that more than 1.8 GW of ocean projects in 16 countries are currently in the pipeline…….

Ocean Energy on the Verge of Rapid Growth? Green Investing By Rona Fried, Ph.d. | 05 January 2011, Surge of prototype projects could signal dramatic growth in ocean energy industry Is the global ocean energy industry at a turning point?  With all the attention focused on energy efficiency and smart grid, and with more mature renewable sectors like wind struggling, we haven’t heard much about ocean energy in the last year or two…….

High initial costs and long development lead times makes the industry dependent on government support. Ocean energy has received much less support than solar or wind, but that could change. Costs are high because prototypes must stand up to ocean storms, and in the U.S. they must navigate a confusion of overlapping offshore permitting authorities.

After only a dozen wave and tidal prototypes were installed in 2009, more than 45 projects will have been tested in 2010 and 2011, according to IHS Emerging Energy Research. If these prototypes are successful, IHS believes the global ocean energy project pipeline is poised to begin scaling. They estimate that more than 1.8 GW of ocean projects in 16 countries are currently in the pipeline…….

Ocean Energy on the Verge of Rapid Growth?

January 6, 2011 - Posted by Christina Macpherson | 2 WORLD, renewable