Global wave and tidal stream energy production has risen tenfold over the last decade, according to a report issued by Ocean Energy Systems (OES).
Ocean Energy Systems (OES) annual report shows cumulative energy produced from wave and tidal stream sources surged from less than 5GWh in 2009 to 45GWh in 2019.
OES chairman Henry Jeffrey from the University of Edinburgh said the new report communicates the sizable global effort to identify commercialisation pathways for ocean energy technologies.
“Our latest report underlines the considerable international support for the marine renewable sector as leading global powers attempt to rebalance energy usage and limit global warming. Decarbonisation has been appointed as the main strategy to tackle this challenge and many countries around the world have revised or set ambitious targets for emission reductions while ramping up the electricity production from renewable resources. The start of this new decade carries considerable promise for ocean energy. Important projects and deployments are being planned for the coming years as the mission to decarbonise intensifies and governments across the globe show increased interest in ocean energy technologies.
“In the last 12 months we have seen considerable progress in the marine renewables sphere. In North America, Canada amended its Marine Renewable Energy Act to extend feed-in-tariffs and Purchasing Power Agreements for tidal energy developers working in FORCE. Meanwhile, the US officially launched a new R&D initiative “Powering the Blue Economy” seeking to relieve power constraints in emerging coastal and off-grid markets through marine renewable energy.