Britannia Looks To Again Rule The Waves
UK primed to lead Europe's £46bn wave energy market opportunity
Matt Mace, 28 June 2017 (EDIE)
“Wave power can contribute to 10% of global electricity demand by 2050 if governments and the private sector offer financial support and political stability, with the UK primed to act as the marine energy leader…[According to Making Wave Power Work] Europe could exploit an annual market worth more than £46bn to drive uptake in wave and tidal technologies…[E]stimated global wave resources could potentially reach 4,000TWh annually. In comparison, current global electricity consumption sits at around 21,000TWh and is expected to double by 2050…[T]hese figures provide a call to action for trade bodies, governments and businesses to work together to support wave energy and unlock a global market worth £76bn…” click here for more
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