Ocean waters cover more than 70% of the world, and offer significant opportunities for renewable energy. Ocean Energy Technologies and Components contains extensive data on the World Wide U.S. and world markets for three main colors of Ocean Energy Technology Systems: tidal energy, wave power and ocean thermal energy. The report also addresses the potential of new systems for salinity. The report highlights the major trends in the market with a growth orientation, and profiles of major domestic and global marketer and the geographical spread of marine energy technology. This study provides a comprehensive overview of the growing market for ocean energy in the United States and throughout the world. Within the parameters of this study are all ocean energy systems and products. This study covers both public and private funded schemes, which are developing or already installed. This study also covers systems that are becoming the early stages of development.

Global energy consumption amounts to over 17,400 Terawatt hours per year, with United States’ use alone accounting for approximately11,200 Terawatt hours per year. Ocean energy technology has the potential to generate over 93,100 terawatt hours/year with the two most viable options being wave technology and thermal gradient technology. Wave Energy technology alone has the potential to produce up to 80,000 TWH/year, while OTEC could produce up to 10,000 TWH/year. Salinity Gradient technology, still an emerging science, has the potential to produce 2000 TWH/year. Given the Obama administration’s commitment to green technology and renewable energy alternatives, the outlook for 2009-2010 is very positive for increased investment in both domestic and global ocean energy developments. In September 2008, New York City installed the first Tidal-Power Turbine system in the United States. As part of a plan for New York to generate up to 80% of the city’s power from renewable energy sources, the completed Tidal-Power Plant is expected to provide power for up to 10,000 households. New York’s Tidal-Power program shows how ocean energy technology is quickly catching up to the more familiar renewable wind and solar power sources. In Aguçadoura, Portugal, the successful installation of the world’s first multi-unit wave farm will generate 2. 5 MW, enough to power 1500 homes. The wave tidal energy market alone could be worth over $280 billion per year. In Hawaii, Taiwan Industrial Technology has entered into collaboration with Lockheed Martin to develop a 10MW Ocean Thermal Energy Conversion (OTEC) pilot plant. For more information please visit:http://www. aarkstore. com/reports/Ocean-Energy-Technologies-and-Components-Worldwide-13830. htmlPH. NO. 919272852585


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