The Ocean Power conference takes place in Lisbon, Portugal, in just 10 days. With over 100 ocean energy experts set to attend, including 30 project and device developers, this event will provide an excellent networking platform for participants to address future business strategies in this expanding market.
The European Energy Association states that ‘the global theoretical potential of ocean energy has been estimated over 100.000 TWh/year (as a reference, the world’s electricity consumption is around 16.000 TWh/year). The global technical resource exploitable with today technology is estimated to be in the order of 45.000 TWh/year for wave energy; tidal current energy is in the order of 2.200 TWh/year, salinity gradient energy in the order of 20.000 TWh/year, and of ocean thermal energy in the order of 33.000 TWh/year.’
Ocean energy technologies are still in their infancy in comparison to other alternative energy sources, yet the market potential is huge and the rate of development is rapidly increasing. The past two years have been particularly exciting in terms of industry development, with the implementation of encouraging demonstration projects and the first commercial projects are now underway.
Amongst the participating companies:
Aquamarine Power, Hidroflot, Aquatera, Orecon, Pure Marine Gen, Wave Bob, Sea Energy, Vattenfall, Dong Energy, E.ON, ESB International, Garrad Hassan & Partners, Marine Current Turbines, AWS Ocean Energy, Ocean Power Technologies, OceanLinx, Ocean Wave Energy Company, Green Ocean Energy, Alstom Hydro, APEM, British Wind Energy Association, Coordinated Action on Ocean Energy, US Department of Energy, Ecofys, Elecnor, EMEC, Emerging Energy Research, EurOcean, European Ocean Energy Association, Generg Servicos, IEA-OES, INORE, International Power, Koralion Partners, MC Graca, Norvento, Ocean Wave Energy Company, Offshore Marine Management, Oregon Wave Energy Trust, Robotiker, S&C