Introduction
Oceans cover 70% of the earth’s surface which points out to the huge potential of Ocean Energy. Driven by earth’s rotation and interaction with the sun and moon, this immense mass of water is constantly on the move. This motion, together with the thermal and chemical properties of seawater, provide a vast and almost entirely untapped source of renewable energy.
In this report, we provide a brief introduction to the entertaining topic of capturing energy from the oceans as well as related statistics. In fact, estimates suggest this could cover the entire global electricity demand.
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Firstly, the begining of the report focuses on the types of ocean resource that exist and the technologies that seek to exploit them.
Secondly, we then zoom out and consider what role ocean energy (OE) might find in the global energy system, both today and in the future as costs come down.
Finally, market forecasts are covered. Seeing the degree of advancement in wind and solar, however, there is no reason why ocean cannot, to a notable degree, follow.
For full Ocean Energy Introduction read the full report.
Topics Covered
Below is an overview of the topics that are covered in this report:
- Ocean Energy and its Types
- Resource Potential
- Current Deployment
- Wave Energy
- Case Study: HACE
- Tidal Energy and
- Energy capture from Tidal Range
- Tidal Stream
- Other Technologies
- Ocean Currents
- Ocean Thermal Energy Conversion
- Salinity Gradient Power
- Ocean Energy Role
- Initial Role
- Fully Integrated Role
- Wave Energy for Food Generation. CO2 Capture
- Market Forecast
- Current Pipeline
- Challenges
- Long-term Forecast
Long Term Forecast
What sort of growth can we realistically expect for this sector?
Statistically, some in the sector simply suggest that this sector will supply a certain percentage by a certain date. To be specific, 10 – 20% by 2050 is the figure they commonly float, it can be seen here as well. On the other hand, wind and solar combined provided about 8% of electricity supply in 2019.
To summarise this report: The resource is vast and untapped. In fact, it is a distinct possibility that it will make progress towards mass commercialisation. As well as becoming an industry of significant scale in the coming decades. We are certainly enthusiastic about the sector. And we recommend investors to take a closer look.
For full Long-term Forecast read the full report.
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