Friday, October 18, 2013

Ocean Energy Technologies Speeding Towards Commercialization

What many thought would take decades may only be a few years away - ocean energy technologies are finally turning some heads on their way to large-scale development.

 The ocean energy sector has been steadily creeping towards commercial reality year after year, with technology test deployments taking place worldwide. After all, the ocean energy market is not an easy place to do business, just building a technology prototype can cost up to $30 million. This year, however, some major project announcements indicate that the industry could be moving to the next level - much faster than anyone had previously predicted.

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