Monday, October 27, 2008

1GW of Ocean Power by 2015

A Greentech Media report announced today predicts installed wave/tidal power capacity will grow from less than 10MW today to 1GW by 2015. The report also states that about $500M has been invested thus far in ocean energy technology research and development, but projects this to quadruple over the same time period to $2B. An additional $2B will be invested on deploying ocean energy farms.

(There's apparently lots more good stuff in the report, including time lines, supply chains, technology comparisons, policy drivers, utility influences, etc.; but since it costs $2,995 I can't afford to read it. Anyone want to lend it to me?)
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