Ocean power is 832 times denser than the air flowing over wind turbines as tidal waves are predictable up to the minute at least 100 years in advance. Understandable and rapidly declining costs coupled with high performance and output are the primary factors that will drive down the levelized cost of energy for ocean power technologies in the long term. In this report, Greentech Media and the Prometheus Institute for Sustainable Development address the underlying fundamentals that will determine when ocean power technologies will become competitive with other renewable and traditional energy sources, what technologies will bring the industry to that point, and how investment, government policies, and power sector buy-in will drive the growth of this industry. more...
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