Oceanic Energy Generation Holds Greatest Potential Says Study

9th June 2016

According to theĀ Wave and Tidal Energy Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024 from Transparency Market Research, oceans could prove to be “one of the largest reserves of clean and sustainable energy.”

The report further states that both tidal and wave energy are capable of reaping extensive benefits of economies of scale, especially with the consideration that major industry cost reductions are imminent.

The study goes onto say that: “Tidal barrage plants self-sustain through the sale of electricity” even despite the fact that “both tidal stream and wave energy plants are still not capable of generating electricity at grid parity rates.”

To read the full analysis, please visit the Transparency Market Research website.