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Technology Socio-economic Policy Finance Progress report

Innovation Outlook: Ocean Energy Technologies

 

 

The report ‘Innovation Outlook: Ocean Energy Technologies’ from the International Renewable Energy Agency (IRENA) explores the state and opportunities of the ocean energy sector.

The report acknowledges the potential of oceans in providing renewable energy, reducing greenhouse gas emissions and supporting a sustainable energy transition worldwide. Wave, tidal, salinity gradient and ocean thermal energy conversion technologies are seen as a crucial component in the global blue economy.

Looking at the current installations and future projects, the report analyses markets and potential for each ocean energy technology, and makes recommendations on how to accelerate the deployment and roll-out of these technologies.

Key findings

Ocean energy resources could generate between 45 000 terawatt hours (TWh) and 130 000 TWh of electricity per year.

Ocean energy technologies offer high predictability, making them suitable to provide steady baseload power, which can be further complemented by wind and solar power.

This is an extract, full report available as PDF download

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