Ocean Energy Report
Energy derived from the natural forces that act on the world’s oceans is evaluated in SEP’s latest IFR Topic Report. Development of energy capture devices for the four types of ocean energy, including tidal, wave, ocean thermal and salinity gradient, are low-to-mid stage TRL and are not yet being produced at scale. Considerable development of technology occurred about 15-20 years ago and recently there has been a resurgence of tech development at research institutions and by startups with notable concentrations in the Northwestern US and Scotland. While current estimates for the cost of ocean energy represent a broad range, the lower end of the spectrum is not far from the cost of large-scale intermittent solar PV with battery storage. Ocean energy has the technical potential to meet a large portion of the global energy needs, has much higher capacity factors (less intermittent) than wind or solar, and exhibits favorable green metrics.
Energy derived from the natural forces that act on the world’s oceans is evaluated in SEP’s latest IFR Topic Report. Development of energy capture devices for the four types of ocean energy, including tidal, wave, ocean thermal and salinity gradient, are low-to-mid stage TRL and are not yet being produced at scale. Considerable development of technology occurred about 15-20 years ago and recently there has been a resurgence of tech development at research institutions and by startups with notable concentrations in the Northwestern US and Scotland. While current estimates for the cost of ocean energy represent a broad range, the lower end of the spectrum is not far from the cost of large-scale intermittent solar PV with battery storage. Ocean energy has the technical potential to meet a large portion of the global energy needs, has much higher capacity factors (less intermittent) than wind or solar, and exhibits favorable green metrics.
Energy derived from the natural forces that act on the world’s oceans is evaluated in SEP’s latest IFR Topic Report. Development of energy capture devices for the four types of ocean energy, including tidal, wave, ocean thermal and salinity gradient, are low-to-mid stage TRL and are not yet being produced at scale. Considerable development of technology occurred about 15-20 years ago and recently there has been a resurgence of tech development at research institutions and by startups with notable concentrations in the Northwestern US and Scotland. While current estimates for the cost of ocean energy represent a broad range, the lower end of the spectrum is not far from the cost of large-scale intermittent solar PV with battery storage. Ocean energy has the technical potential to meet a large portion of the global energy needs, has much higher capacity factors (less intermittent) than wind or solar, and exhibits favorable green metrics.
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This Topic Report Service Package Includes:
Ocean Energy Topic Report — 215 slides.
A global database of notable companies.
Support Certificate — Entitles you to 2 hours of support from the SEP team.
Support services must be redeemed within 60 days of the date of purchase.
Topic reports explore cleantech investment spaces with the aim to calibrate investors, uncover opportunities, and identify possible solutions to Solving Climate+ by 2050.
SEP produces topic reports twice per quarter to gather data and insights important to evaluating key cleantech investment spaces as part of our Innovation Flow Reporting (IFR) service. Standalone topic reports are available as short-term services with individualized support.
This is not a consulting or academic report. IFR Topic Reports are more like subject dossiers with clips of essential data and in-house analysis needed to track down and solve a mystery.
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