energy portfolio. The potential worldwide wave energy contribution to the electricitymarket is estimated to be of the order of 1-10 TW, which is the same order of magnitude asworld electrical energy production capacity. Wave energy has the highest density among allrenewable energy sources The best resource is found between 40 - 60 degrees of latitudewhere the available resource is 30 to 70 kW/m with peaks to 100 kW/m. The supplypotential is estimated to be 7 TWh/y from ~200000 MW installed wave and tidal energypower by 2050 with a load factor of 0.35 (DTI and Carbon Trust estimates). To date wave and tidal energy are the most advanced types of ocean energy systems under development. More information on the different types of ocean energy systems and their current status of development can be found by clicking on the links on the right Click on the links above for more information about the status of each technology, work currently underway, and the challenges that remain.New Cell
The possibility of generating electrical power from the seahas been recognized for many years (the first patent onwave energy conversion was issued as early as 1799, and,already in 1909, a harbour lighting system in California waspowered with a wave energy system). However, significantresearch and development of wave energy conversion beganonly rather recently: in fact, although there was a renewedinterest on wave energy after the oil crisis of 1973, itsubsided again a few years later. Five years ago, especially in Europe, the sector experienceda resurgent interest. Today, wave energy conversion isbeing investigated in a number of EU countries, major activity is also ongoing outside Europe, mainly in Canada,China, India, Japan, Russia, and the USA. Nascent waveenergy companies have been highly involved in thedevelopment of new wave energy converters such as thePelamis, the Archimedes Wave Swing, AquaBuOY,Oceanlinx, Wave Star, Wave Dragon, etc.
ave Energy Potential
The global wave power resource in deep water (i.e. 100 mor more) is estimated to be ~ 110 TW (Panicker, 1976). Theeconomically exploitable resource varies from 140-750 Seawave Slot-ConeConverter (Wave Energy AS) Aquabuoy(Finavera Renewables Ltd.)