Funded by the Intelligent Energy Europe programme, the SI Ocean project’s Market Deployment Strategy makes several high-level recommendations for commercialising the emerging wave and tidal energy sectors.
The SI Ocean (Strategic Initiative for Ocean Energy) project’s goal is to deliver a common strategy for ensuring maximal wave and tidal installed capacity by 2020, paving the way for exponential market growth in the 2030 and 2050 timeframes.
The project consortium has seven members: Ocean Energy Europe (Belgium); European Commission Joint Research Centre (JRC); RenewableUK, Carbon Trust; The University of Edinburgh (UK); WavEC (Portugal); and DHI (Denmark).
The report presents the key barriers to market deployment for wave and tidal energy technologies, focusing on the major risk areas of finance, technology development, consents and regulations and grid. Each chapter concludes with a list of goals, with detailed recommendations that industry and policy makers can take forward in order to achieve them.
Press Release, July 31, 2014