Earth is the blue planet. Over 70% of the Earth’s surface is covered with ocean and sea water. Using the hidden power of such an abundant natural resource is the greatest challenge of the Third Millennium.
Currently, marine energy is an enormous untapped reserve with inexhaustible potential. If we could take full advantage of ocean and sea power, all of the energy consumption forecast by the International Energy Agency (IEA) by 2035 would already be covered. Currently, however, this potential has limitations in terms of cost and the replicability of required technologies.
Seas and oceans have just begun to play a role on the renewable energy stage. The IRENA (International Renewable Energy Agency) 2019 report confers 500 MW of installed capacity on marine energy, still a far cry from its “elder siblings”. According to IEA’s Ocean Energy System 2014 and Ocean Energy Europe 2016, by 2050 marine energy will have spread mainly throughout Europe, creating an estimated 40,000 jobs and providing up to 100 GW on the Continent, the equivalent of 10% of electricity consumption.