How Does Wave Energy Effect the Job

Market?
Making the switch from fossil fuels renewable energy sources
could provide much-needed boost to the economy which in turn
generates new jobs for the community! The set-up required to
build attenuators, point absorbers, water columns and
overtopping devices require jobs. Research and Development
require new jobs since wave energy is in a developing stage.
According to the IRENA (International Renewable Energy Agency),
The which to renewable energy sources globally generated 8.1
million jobs worldwide. China itself has created around 3.5 million
jobs. This data was calculated in 2015. San Franciscos Wave
Energy project when fully operated can generate up to 100 jobs.
This info is in the present world but in the future more jobs are
going to created.

How Does Wave Energy Effect Businesses?

Now more and more businesses are coming together to promote
Wave Energy as a corporate social responsibility on their part to
save the environment. This is encouraging for more and more
new businesses to invest money for wave energy generators and
equipment. Due to the fact that Wave Energy is still in process
Research is much required to improve the project. Investing
money into wave energy will give a good look to the business.
Customers would want to choose your business over other
businesses and especially energy companies. Fossil Fuels are
expensive but after seeing the look at a Wave Energy Company,
they would want to take the cheap side. This means, more
money, more popularity and more of an eco-friendly environment.
Many governments are also providing subsidies/grants for
business owners for promoting the use of Wave Energy.

Cost Efficiency for Wave Energy Consumers

Production of Wave Energy is more efficient compared to fossil

fuels. As Wave Energy lasts forever (4.4 billion years) and Waves
are generated in the ocean 24/7 there is no problem of scarcity
which will keep the costs down. Once more and more Wave
Energy Generators are established, it could eliminate the gas and
oil shortage. What this means is that families could save money
on their utility bills. The average cost for the best wave energy
generator in the UK costs 7.5 cents compared to the current
electricity prices which are 11.47 cents. This means you save 3.97
cents per kWh. Compared to the average wave energy prices you
save 6.97 cents per kWh!

Negative Impacts on Energy Consumers.

Sound and Visual Pollution
Disturbance to Commercial/Private vessels

Comparing it around the globe!

Currently the leading Wave Energy producers are located in the
Orkney Island. Currently wave energy is being used less the 1% of
our energy needs.
Canada
USA
Australia
Brazil
Chile
Ireland
Peru
Indonesia
UK
Portugal

2%
0.4%
5%
1%
1%
1.8%
1%
2%
0.8%
1%

15015 Jobs
31670 Jobs
20857 Jobs
15659 Jobs
2064 Jobs
526 Jobs
782 Jobs
20860 Jobs
2982 Jobs
382 Jobs