Untitled Document

Study shows potential for America's hydrokinetic sector

A new report from energy market analyst GlobalData shows that collaborations in marine power technology development between the industrial and academic sectors in the U.S. are stronger than ever before.

According to GlobalData's report -- titled " Marine Power (Wave and Tidal) – Installed Capacity, Levelized Cost of Energy (LCOE), Profiles of Technology Developers and Key Country Analysis to 2030" -- about 50 tidal projects are in various stages of development throughout the U.S.

The report notes that an Electric Power Research Institute (EPRI) study calculates America's hydrokinetic potential for a depth of 60 meters at 2,610 TWh per year, with the bulk of the generating potential surrounding Alaska and the west coast. GlobalData also notes that Maine, New Jersey and Massachusetts also have potential for ocean energy.

This generating potential has led to more than US$87 million in hydrokinetic investment from the U.S. Department of Energy via its Water Power Program, which provides funding for universities, laboratories, industry and other agencies working in marine technologies.

The U.S. Navy has also continued its support for ocean power via its Littoral Expeditionary Autonomous PowerBuoy (LEAP) program.

HydroWorld.com reported earlier this month that installation of the first Federal Energy Regulatory Commission-licensed tidal plant had been delayed due to inclement weather.

GlobalData, which bases its reports on data and information sourced from proprietary databases, primary and secondary research and in-house analysis, previously released a report showing the global potential for small hydroelectric development.

Related Articles

Schottel Hydro receives MeyGen tidal turbine parts contract

German marine propulsion manufacturer Schottel Hydro has received a contract from Lockheed M...

More than 90 teams enter U.S. DOE's Wave Energy Prize program

The U.S. Department of Energy has selected 92 teams from industry and academia to compete in...

Wave Energy Week will mix marine energy developers with traditional hydropower

Oregon Gov. Kate Brown, Democrat, has proclaimed “July 13-17, 2015 to be Oregon Wave Week in...

Australian company enters into technology agreement for MHK development within Indonesia

Australia-based Bombora Wave Power announced on June 22 that it has entered into a Technolog...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

06/01/2015
Volume 34, Issue 5
03/01/2015
Volume 23, Issue 2

Buyers Guide Products

Buyers Guide Companies