Abstract
The earth is the water planet, so it should come as no great surprise that
hydroelectricity has been the world' s most popular renewable energy source.
Yet the largest water power source of all - the ocean that covers
three-quarters of the planet - has yet to be tapped in any major way for
power generation.
This Pike Research report reviews five main types of marine and hydrokinetic
technologies: ocean wave, tidal stream, river hydrokinetic, ocean current and
ocean thermal resources. On the verge of widespread commercialization, with
the U.K., U.S., and Canada in the lead, this suite of marine renewable
resources is poised for major growth over the next five years, and could
collectively capture as much as 10 or even 15 percent of the global
electricity market by 2030. Readers will learn about the market leaders in
each marine renewable segment, and the make-or-break issues facing more than
100 companies seeking to gain competitive advantage in the world' s hottest new
renewable energy sector.
In addition to analyzing the suitable applications and viability of each of
the five technologies, the report examines market conditions for ocean and
river hydrokinetic energy around the world, including key drivers of industry
development as well as regulatory issues and government incentives and
subsidies. Implementation issues and challenges are also analyzed, including
technology standardization issues, site permitting, grid interconnection, and
power transmission and distribution issues. Detailed market forecasts for
each of the five technologies are provided for each major region of the world,
and key industry players are profiled including an assessment of their
relative strengths and weaknesses within the market.
Key questions addressed:
- Why haven' t these abundant renewable resources been commercially developed?
- How do each of the five technologies profiled compare to each other - as
well as current market favorites, such as solar and wind power?
- What are the key advantages of each of these technologies - and their
shortcomings?
- Which companies in each of the five segments are poised to be market
leaders?
- Which countries are the current best markets for which technologies -
and why?
Who needs this report?
- Hydrokinetic and ocean energy technology companies and equipment
manufacturers
- Renewable energy project developers
- Private sector investors looking for the next big renewable energy
opportunity
- Advocates of the "green economy", looking to create jobs through renewable
energy development
- Policymakers looking to expand renewable energy supplies to meet climate
change and economic development goals
- Component manufacturers and other supply chain firms and organizations
looking to expand markets for their products and services
- Universities, NGOs, and research organizations with expertise transferable
to the emerging marine renewable industry
- Utilities and large industries looking to develop carbon-free energy
supply strategies or integrate local indigenous resources into their supply
portfolios
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