Ocean energy technologies speeding toward commercialization

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.

In Norway, a company that had focused on building composite materials for the fossil fuel industry came to realize that it needed to switch gears. "A few years ago, we decided we have to do something after oil when it is not around, and we'd also like to do something for the environment," said John Inge Brattekas, CTO of Flumill. "So how can we use our technology in the renewable environment?"

 

To read more, please visit Hydroworld.com

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