Why pursue Wave Energy?
SIGNIFICANT POTENTIAL SUPPLY
In comparison with wind or solar energy, it's easier to accurately predict how much and when energy can be generated. Because the peaks and troughs of wave energy are not in synch with those from wind or solar, combining the power from these sources acts to even out their combined output, leading a more predictable and steady renewable energy mix.
A diverse renewable energy portfolio will lead to a more stable energy system, reduced variability and lower cost. In addition, a strong renewable energy mix means we become less reliant on traditional power sources such as oil and gas. This will lead to greater energy security.
WORLD WAVE ENERGY RESOURCE MAP
OCEAN ENERGY STILL AN UNTAPPED RESOURCE
Wave energy is generally considered to be the most concentrated and least variable form of renewable energy. It is the high power density of wave energy that suggests it has the capacity to become the lowest cost renewable energy source. The World Energy Council has estimated that approximately 2 terawatts (2 million megawatts), about double current world electricity production, could be produced from the oceans via wave power.
– Center for Wave Energy