Rising Tide of Marine Energy: The UK Focus on Being a Pioneer in Marine Energy Development

The global marine energy industry is in the nascent stages of development. The two key marine technologies, wave and tidal, have a number of potential sites globally. There are currently a number of countries actively participating in Research and Development (R&D), demonstration and deployment of these technologies. Some early starters include Australia, Canada, South Korea, the UK and the US. According to the Electric Power Research Institute, the UK is one of the leading three countries worldwide in terms of potential for electricity generation from Marine sources. It is estimated that the UK possesses wave energy potential of approximately 50 TWh/year and a tidal energy potential of approximately 16 TWh per year (DECC, 2011). Globally, the UK holds the leading position, with the highest number of active projects and a considerable number of pipeline projects, and large investments having been made in technological innovation to date.

Scope

The report provides market insights on the UK Marine Energy market. It covers how following –

– Marine Energy Technologies, Wave and tidal energy potential in the country

– List of Wave and Tidal projects currently being developed in the UK

– Policy regulatory and other supports, including Grants by the UK government to companies engaged in marine energy development in the UK.

– Key companies engaged in marine energy business

– Analysis how marine technologies are important to tackle climate, energy security and unemployment issues in the UK

Reasons to buy

Facilitate decision making based on information for the marine energy market development in the UK

Develop strategies based on the latest regulatory events.

Position yourself to maximize potential in the growth of the market.

Identify key partners and business development avenues.

Respond to your competitors’ business structure, strategy and prospects.

Table of Contents

1.1 List of Tables ……………………………………………………. 1

2 Summary ………………………………………………………………. 1

3 Rising Tide of Marine Energy – The UK Focus on Being a

Pioneer in Marine Energy Development ………………………. 1

3.1 Substantial Development Potential in the UK ………….. 1

3.2 The UK to Develop Marine Power …………………………. 1

3.3 The UK Started the Development of Marine Technology

Early with the Support of Development Agencies …….. 2

3.4 UK Targets for Nascent Technology with Higher

Incentives in Place …………………………………………….. 2

3.5 The UK Provides Grant Support to Companies Engaged

in Marine Energy Development …………………………….. 2

3.6 Pilot Projects are Already Successfully Operational and

Large Number of Other Projects are in Pipeline ……….. 3

3.7 Offshore Wind Development to Catalyse the Growth of

Marine Energy Technologies ……………………………….. 3

3.8 Emission Targets and Energy Security to Drive Marine

Energy Development ………………………………………….. 3

3.9 New Job Opportunities to be Key Factor Driving Marine

Energy Industry Growth ………………………………………. 4

3.10 UK Government Should Efficiently Tackle Issues Faced

by Promising Marine Energy Technologies……………… 4

4 Appendix ……………………………………………………………….. 4

4.1 Abbreviations ……………………………………………………. 4

4.2 Bibliography ……………………………………………………… 4

4.3 Methodology …………………………………………………….. 4

4.3.1 Coverage …………………………………………………. 4

4.3.2 Secondary Research ………………………………….. 4

4.3.3 Primary Research………………………………………. 5

4.3.4 Modeling and Forecasting ……………………………. 5

4.4 Contact Us ……………………………………………………….. 5

4.5 Disclaimer ………………………………………………………… 5

List of Tables

Table 1: Marine Energy Market, The UK, Key Tidal and Wave

Power Projects (=30 MW) ……………………………….. 3

Table 2: Abbreviations ……………………………………………….. 4

List of Figures

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