Wave energy:
Wave energy holds immense potential as a renewable energy source due to its high energy density and consistency.
Wave energy holds immense potential as a renewable energy source due to its high energy density and consistency.
The primary challenge in achieving carbon-free electricity is maintaining a continuous, clean energy supply around the clock, all year long. Wave energy, with its steady and complementary generation, bridges the gaps left by wind and solar power, ensuring a stable renewable energy future. By providing this essential stability, a role historically played by oil, gas, and coal, wave energy can play a pivotal role in combating climate change and eliminating our dependence on fossil fuels.
EA-OES and CSIRO estimate that between 337-500GW of capacity of marine energy could be installed globally by 2050, equating to a £76 billion annual capital expenditure investment into this market.