NewEnergyNews More: OCEAN ENERGY’S FINANCES UNDER SCRUTINY

Every day is Earthday.

Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

email: herman@NewEnergyNews.net

-------------------

Your intrepid reporter

-------------------

    A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

-------------------

Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • Wednesday, July 23, 2014

    OCEAN ENERGY’S FINANCES UNDER SCRUTINY

    Ocean energy ROI questionable

    Barbara Vergetis Lundin, July 15, 2014 (Fierce Energy)

    “In 2013, the wave and tidal energy market was valued at $25 million, and Transparency Market Research (TMR) anticipates that will reach $10.1 billion in 2020 -- a Compound Annual Growth Rate (CAGR) of 64.1 percent from 2014 to 2020…When harnessed effectively, ocean could prove to be one of the largest reserves of clean and sustainable energy…Tidal stream power plants are a relatively new technology with ample scope for development, while tidal range power is a mature form of energy generation technology…[Wave energy] is a relatively new concept…with the installed capacity aggregated at just 5.77 MW in 2013…[L]arge-scale commercial array deployments of wave and tidal power plants [and development of the offshore wind energy sector] will be followed by massive cost reductions…TMR expects major developments in wave and tidal stream plants to take place in Europe but estimates South Korea to grow fastest in terms of tidal barrage operations…[T]he wave and tidal energy market is projected to reach 3712 MW by 2020 -- expanding at a CAGR of 34.5 percent from 2014 to 2020…Wave energy development in Asia-Pacific would be concentrated in Australia…[which is expected] to add nearly 25 MW of capacity by the end of 2020…” click here for more

    0 Comments:

    Post a Comment

    Note: Only a member of this blog may post a comment.

    << Home