UK marine energy potential
Access a market forecast to be worth £76bn by 2050.
Create 22,000 jobs in the UK by 2040.
1GW of marine energy will provide £114m of system benefit and 113kton of carbon emissions savings per annum.
An entirely predictable renewable source of power.
Potential to provide 11% of the UK’s current electricity demand and reduce natural gas capacity required by about 40%.
Cheaper than new nuclear at 1GW of deployment and less than £80MWh at 2GW.
Provides a consistent source of energy and a complementary production profile with solar and wind.
Potential to provide over 20% of the UK’s current electricity demand.
Cheaper than new nuclear at 1GW of deployment.