Wave Power Markets

A vital part of the solution to climate change

Why we need clean energy

Population growth, rising demand for energy, annual increases in power costs, political uncertainty, pressure to cut carbon emissions. Any one of these issues would make the development of secure supplies of clean energy important. Together they make it imperative. That’s why there is strong demand for the power Oyster™ wave farms can generate.

Wave power is one of the most predictable and abundant sources of clean energy, and the UK is recognised as one of the best locations for extracting marine energy in the world. Global estimates of exploitable marine energy indicate that it has the capacity to supply 10% of the world’s electricity needs, not including the power captured to run desalination or hydrogen electrolysis plants and other commercial energy uses .

Wave power

Marine Energy

Marine energy has the potential to provide one of the lowest cost renewable energy sources because of its high power density and its innate predictability.