Ocean energy can makes waves in the renewable energy sector
Our Policy Director Donagh Cagney explains why ocean energy is well-placed to be as successful as wind and solar in Europe’s renewables market on Innovation News Network.
As temperatures in Europe rise even faster than expected, the effects of climate change are getting very real. Coupled with skyrocketing energy prices that stem from an overreliance on fossil fuels, it is clearer than ever that Europe’s future depends on its transition to a 100% renewable energy system.
We need to act now to reach that goal, by developing a range of innovative renewable energy sources to complement the already well-established wind and solar sectors. One of those innovations is ocean energy – the next big thing in energy. The oceans are the world’s largest untapped source of power. Ocean energy technologies harness the power of tides and waves, as well as differences in temperature and salinity, to produce electricity.
Ocean energy is clean, renewable and has the potential to provide 10% of Europe’s current electricity needs by 2050. That is enough to power 94 million households every year. In addition, a strong ocean energy industry will yield many economic benefits for Europe, from local jobs to global export opportunities.