renewable energy > newsfile > uk to lead the way in marine energy
UK to lead the way in marine energyPosted: 11 Mar 2004
A new effort to assess the potential for marine energy devices to generate electricity at a competitive cost, as compared to other forms of renewable energy and fossil fuelled power, has been launched by the UK-based Carbon Trust.
Tom Delay, Chief Executive of the Carbon Trust, said, "as yet no country has taken a leading position in marine energy. A relatively small investment now could make a significant impact to the UK's competitive position due to the early-stage of technology development."
Recent research by the Carbon Trust highlighted the potential for the UK to become a global leader in marine energy. The UK is ideally placed because of its huge exploitable natural resources, a high concentration of early-stage developers, and significant indigenous human capital applicable to the development of marine energy.
"The Marine Energy Challenge will really show whether there is potential for marine energy development - and, if there is, put the UK at its forefront. The main barrier to the UK achieving such a position is confirmation that the emerging marine energy devices could become cost-competitive against other renewables and ultimately base-load fossil fuelled power generation. The Marine Energy Challenge will answer this question as well as accelerate development of technologies. The Carbon Trust already provides significant support to the marine energy industry at every stage of development. Our technological and commercial capabilities combined with our independence and flexibility means we can really help drive the industry forward," adds Tom Delay.
The Carbon Trust
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