In this report The Economist Intelligence Unit examines the past, present and future of energy innovation within the blue economy. The study was supported by funding from the Pacific Northwest National Laboratory (PNNL). The report looks at the energy needs of different ocean economy sectors to see where demand exists and may be growing. We assess groundbreaking energy innovations to date—the sail-to-steam transition, improved energy storage mechanisms and the development of offshore wind—to better understand their initial and ongoing effects on blue economy markets. We use insights gleaned from these case studies alongside in-depth interviews with blue economy, energy innovation and marine energy experts to determine the central elements needed to create an enabling environment for innovation within the ocean economy.
Read the full report here