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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs