Price: £650.00
Prod. Code: NRGOER1
Introduction
This new report looks at the key market drivers for the global Ocean Energy market, developments and future projections. 2009 was a good year for the ocean energy sector with US $246 million invested in the sector, up from the 2008 figure. Key areas of development were wave energy, and tidal and marine current projects. For both sectors, more devices reached the prototype stage and were tested out at sea. Considerably more funding has been available for projects to take this leap. Portugal and the UK remain as the main countries for wave energy projects due to generous grants and subsidies, targets and in the case of Portugal, a feed-in tariff. Other countries making significant inroads in the sector last year include Australia, the US, New Zealand and other European countries, especially Ireland.
Research and Analysis highlights
Ocean Thermal Energy Conversion (OTEC) is still a long way from commercialisation. DCNS, Lockheed Martin and Xenesys have emerged as the main companies involved in OTEC projects. Last year Lockheed Martin was awarded an US $8 million component supply contract by the US military. NRG EXPERT expects military bases to be a major use of OTEC due to the high cost of diesel imports at remote island locations. Other major uses of OTEC, along with direct power use, may be desalination and sea water air conditioning.
By far the most experimental technology is still the salinity gradient. In November last year Statkraft commissioned a 2 to 4 kW prototype off Tofte near Oslo, Norway. This project is one of the relatively few salinity gradient projects, and is by far the most advanced. Thus it is unlikely that this will be a major source of power in the short term.
Key reasons to purchase this research
- Make informed business decisions through a clear global understanding of this market
- Design business strategies by understanding the trends, developments and predictions.
Price: £650.00
Prod. Code: NRGOER1
