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.
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.
Global Ocean Energy Markets and Strategies: 2010-2030 >> Offshore Wind
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