Global Ocean Energy industry

Jun 28, 2010, 11:24 ET from Reportlinker

NEW YORK, June 28 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Global Ocean Energy industry

http://www.reportlinker.com/p0197213/Global-Ocean-Energy-industry.html

This report analyzes the Global market for Ocean Energy in Megawatts and US$ Million. Annual estimates and forecasts are provided for the period 2006 through 2015. The report profiles 56 companies including Atlantis Resources Corporation Pte Limited, Marine Current Turbines, Oceanlinx Limited, Ocean Power Technologies, Inc., OpenHydro Group, Pelamis Wave Power Ltd., and Verdant Power, Inc. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

OCEAN ENERGY MCP-6316

A GLOBAL MARKET REPORT

CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1

Disclaimers I-2

Data Interpretation & Reporting Level I-3

Quantitative Techniques & Analytics I-3

Product Definitions and Scope of Study I-3

Wave Energy I-3

Tidal Energy I-3

Ocean Thermal Energy Conversion I-4

Salt Energy I-4

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1

Renewable Energy Industry II-1

Introduction to Ocean Energy II-1

State of Ocean Energy Industry II-2

Current and Future Analysis II-2

Key Trends in a Nutshell II-2

Types of Ocean Energy II-2

Wave Energy II-2

Tidal and Marine Currents II-3

Tidal Barrages II-3

Ocean Thermal Energy Conversion (OTEC) II-3

Salinity Gradient (Osmotic Energy) II-3

Marine Biomass II-3

The Potential of Ocean Energy II-3

Table 1: Global Ocean Energy Market: Expected Annual Resource

(in TW Per Hour) by Approach Type- Wave Energy, Tidal Energy,

Osmotic Energy, and Ocean Thermal Energy II-4

Fast Facts II-4

Table 2: Global Ocean Energy Market: Breakdown of

Exploitable Ocean Energy (in '000 TWh Per Annum) with

Currently Available Technology by Approach Type - Wave

Energy, Tidal Energy, Salinity Gradient Energy, and Ocean

Thermal Energy (includes corresponding Graph/Chart) II-4

Major Trends II-5

Increasing Investments in Research & Development II-5

Table 3: Global Ocean Energy Market (2005, 2030 and 2050:

Breakdown of Range of Investment Cost (In US$/KW) for Ocean

Energy Projects by Segment II-5

Table 4: Global Ocean Energy Market (2005, 2030, and 2050):

Range of Production Cost (In US$/KW) for Ocean Energy

Projects by Segment II-6

Wave and Tidal Approaches Playing Major Role II-6

Similarities Between Approaches II-6

Wave Energy: Dominates All Approaches II-6

Increasing Government Support II-7

Future Looks Bright II-7

Europe: Dominates Technology Development II-7

The United Kingdom: Global Leader II-7

Ocean Energy: Opportunities and Challenges II-8

Opportunities II-8

Decades of Dedication II-8

Huge Potential II-8

Predictability and Abundant Resources Edge Out Other

Renewable Energy Sources II-8

Reducing Dependence on Exhaustible Energy Sources II-8

Low Production Cost II-9

Challenges II-9

Extensive Support Required for R&D II-9

Maintenance Problems II-9

High Infrastructure Cost II-9

Environmental Problems & Concerns II-9

Unforeseen Expenditure II-10

Technological Challenges II-10

Non-Technological Barriers II-10

Grid Connection II-10

Regulatory Structure II-10

Financial Motivation II-11

Other Barriers II-11

Industry Firsts II-11

Status of Technology II-11

2. TIDAL POWER II-12

Overview II-12

Evolution of Tidal Power II-12

Methods of Energy Conversion II-12

Tidal Barrage II-12

Table 5: Worldwide Major Locations with Mean Tidal Range >5

Meters (includes corresponding Graph/Chart) II-13

Major Drawbacks of Barrage System II-14

Limited Area II-14

Environmental Hazards II-14

Tidal Streams II-14

Tidal Energy: Abundant Resources Despite Technology Barriers II-15

Tidal Power and Science II-15

Potential of Tidal Power II-15

Advantages and Disadvantages II-15

Inexhaustible and Highly Reliable II-15

Cost and Environmental Concerns II-16

Application of Tidal Power II-16

Projects Initiated II-17

Table 6: Select Tidal Projects Worldwide (2008) II-18

Table 7: Global Ocean Energy Industry (2008): Breakdown of

Tidal Energy Installations by Technology (Capacity in MW)

(includes corresponding Graph/Chart) II-18

First-generation Tidal Power Plants II-19

Drawbacks II-19

Second-Generation or Tidal Current Devices II-19

Advantages II-19

Future Perspective of Tidal Energy II-20

3. WAVE POWER II-21

Market Overview II-21

Availability of Wave Energy II-21

Major Resources II-22

Potential of Wave Power II-22

Advantages of Wave Energy II-22

Challenges Faced by Wave Energy Power Facilities II-22

Technology Overview II-23

Oscillating Water Column (OWC) II-23

Point Absorption Devices II-23

Attenuator II-23

Overtopping Devices II-23

Table 8: Global Ocean Energy Market (2009): Status of Wave

Energy Scaling Technologies by Type II-24

Table 9: Global Ocean Energy Market (2008): Breakdown of

Wave Energy Installations by Technology (Capacity in MW)

(includes corresponding Graph/Chart) II-24

Technology Development: UK and Portugal Lead the Way II-25

Select Wave Power Projects by Country II-25

US II-25

UK II-26

Ireland II-26

Scotland II-26

Hawaii II-26

Portugal II-26

4. SALT POWER II-27

Introduction II-27

Resources II-27

Table 10: Major Resources of Osmotic Energy Worldwide

(includes corresponding Graph/Chart) II-27

Technology Development II-28

Major Projects II-28

5. OCEAN THERMAL ENERGY II-29

Introduction II-29

Mechanism II-29

State-of-the-Art II-29

6. MAJOR WAVE & TIDAL ENERGY PROJECTS II-31

The United Kingdom II-31

North America II-31

7. COMPETITIVE SCENARIO II-32

Global Ocean Energy Market: Breakdown of Market Participants

in the Wave Power Segment by Technology II-32

Table 11: Global Ocean Wave Energy Market: Percentage

Breakdown of Technology Adoption by Market Participants

(includes corresponding Graph/Chart) II-33

Global Ocean Energy Market: Breakdown of Market Participants

in the Tidal Power Segment by Technology II-34

Table 12: Global Ocean Tidal Energy Market: Percentage

Breakdown of Technology Adoption by Market Participants

(includes corresponding Graph/Chart) II-34

8. REGIONAL MARKETS II-35

North America II-35

The United States II-35

Ocean Energy Gaining Momentum II-35

Research and Development II-35

Major Funding in the Recent Past II-35

Wave Energy Market II-36

OPT: The First Company to Issue IPO II-36

Tidal Energy II-36

Ocean Thermal Energy Conversion II-37

Canada II-37

Focusing on Waves and Tides II-37

Leads Tidal Energy Resources II-37

Nova Scotia II-38

New Brunswick II-38

Status of Wave Energy II-38

Holds Promise Despite Limited Development II-38

Europe II-39

Ocean Energy Experiences Recession Effect II-39

Focus on Select European Markets II-39

Denmark II-39

Wave Energy II-39

Finland II-39

Wave Energy II-39

France II-40

Tidal Energy II-40

Germany II-40

Wave Energy II-40

Greece II-40

Wave Energy II-40

Norway II-40

Tidal Energy II-40

Wave Energy II-41

Portugal II-41

Wave Energy II-41

Pelamis Wave Power II-41

WaveRoller II-41

Russia II-41

Tidal Energy II-41

Spain II-42

Wave Energy II-42

Sweden II-42

Wave Energy II-42

The United Kingdom II-42

Leads the Ocean Energy Industry II-42

Reviving Interest in Marine Energy II-42

Challenges Faced by the Marine Energy Market II-43

Marine Energy Market Attracting Private Investors II-43

Tidal Energy II-43

Select Tidal Energy Projects II-44

Eday Island II-44

Alderney Island II-44

Northern Ireland II-44

The Skerries II-44

Pentland Firth II-44

Wave Energy II-44

Select Wave Energy Projects II-45

Scotland: A Major Market II-45

Wave Energy II-45

Ireland II-46

Wave Energy II-46

Wavebob Ltd. II-46

Ocean Energy II-46

Asia-Pacific II-46

Australia II-46

Wave Energy II-46

Port Kembla II-47

Fremantle II-47

King Island II-47

China II-47

Tidal Energy II-47

Wave Energy II-48

India II-48

Tidal Energy II-48

Wave Energy II-49

Ocean Thermal Energy Conversion II-49

Japan II-49

Wave Energy II-49

Korea II-50

Tidal Energy II-50

Sri Lanka II-50

The Philippines II-50

Rest of World II-50

Cuba II-50

Ocean Thermal Energy Conversion II-50

French Polynesia II-51

Ocean Thermal Energy Conversion II-51

Mexico II-51

Wave Energy II-51

Palau II-51

Ocean Thermal Energy Conversion II-51

Puerto Rico II-51

Ocean Thermal Energy Conversion II-51

South Africa II-52

Wave Energy II-52

9. CONCEPTS OF OCEAN ENERGY II-53

Ocean Energy II-53

Types of Ocean Energy II-53

Marine Renewable Energy II-53

Marine Non-renewable Energies II-53

Ocean Energy Extraction II-53

Mechanical Energy II-53

Thermal Energy II-54

Electricity Conversion Systems II-54

Ocean Thermal Energy Conversion (OTEC) II-54

Wave Energy II-54

Tidal Energy II-55

10. RECENT INDUSTRY ACTIVITY II-56

Renewable Energy Holdings to Acquire Stake in Carnegie

Corporation II-56

Statkraft Acquires Stake in Atlantis Resources II-56

Vattenfall Takes Over Interest in Irish Company II-56

Crescent Point Takes Over Wave Energy II-56

Orecon Becomes a Member of UK Wave Hub II-57

Atlantis Resources to Experiment World's Largest Tidal Turbine II-57

Pulse Tidal Unveils New Prototype Tidal Energy System II-57

Aquamarine Power Rolls Out Hydro-Electric Wave Energy Device II-57

Nova Scotia to Establish Tidal Energy Facility II-57

Ocean Power Technologies Collaborates with Lockheed Martin II-58

Voith Hydro Forms Joint Venture with RWE Innogy II-58

Port of Hanstholm and University of Aalborg to Deploy New Wave

Energy Centre II-58

Florida Atlantic University Obtains Federal Grant II-58

Atlantis Resources Forges Deal with Gujarat Government II-59

Om Sai Mantra Powergen to Establish Power Plant II-59

Orecon Enters into Joint Venture with Eneolica II-59

Voith Hydro and RWE Innogy Enter into Joint Venture II-59

Aquamarine Power Enters into Partnership with Airtricity II-60

Marine Current Turbines Enters into Partnership with Minas

Basin Pulp and Power Company II-60

Orecon and Estaleiros Navais Do Mondego Sign Construction

Agreement II-60

Biopower Systems to Explore Wave Energy Generation from

Pacific Ocean II-60

Ocean Power Technologies and Lockheed Martin Sign Agreement II-60

AW-Energy Receives Contract from the European Union II-61

Ocean Power Technologies Inks Agreement with South West

Regional Development Agency II-61

The Crown Estate and Marine Current Turbines Ink Agreement II-61

Vattenfall Signs Agreement with Wavebob II-62

EDF Energy Nouvelles Signs Agreement with Renewable Energy

Holdings II-62

Pacific Gas and Electric Company and Finavera Renewables Ink

Agreement II-62

Lockheed Martin Secures Contract from U.S. Navy II-62

Voith Siemens Hydro Power Generation to Change Name to Voith

Hydro II-62

Rentricity to Install Energy Recovery System II-63

PWP Obtains Order from E.on for Wave Energy Converter II-63

Dresser-Rand and Orecon Ink Memorandum of Understanding II-63

Ocean Power Technologies Inks Agreement with Lockheed Martin II-64

Alstom Hydro Signs Agreement with Clean Current Power Systems II-64

Ocean Power Technologies Inks Agreement with Japan Wind

Development, Mitsui Engineering & Shipbuilding, and Idemitsu

Kosan II-64

Ocean Power Tech Inks Agreement with Griffin Energy II-65

BioPower Signs Agreement with Siemens II-65

Atlantis Resources Takes Over Morgan Stanley's Business II-65

Emera Acquires Stake in OpenHydro Group II-66

Ocean Power Technologies Inks Agreement with Leighton Contractors II-66

Ocean Power Technologies Enters into Agreement with Griffin

Energy II-66

Federal Energy Regulatory Commission Approves Installation and

Licensing of Hydrokinetic Power Station II-66

Ocean Power Technologies Signs Agreement with Leighton

Contractors II-67

Lockheed Martin Enters into Partnership with Industrial

Technology Research Institute II-67

Atlantis and CLP Sign Memorandum of Understanding II-67

Aquamarine Power Invests in Ocean Flow Energy II-68

IBERDROLA Enters into Agreement with Tecnalia II-68

SDE ENERGY and DESALINATION Ink Agreement II-68

EDF to Build Tidal Turbine System II-68

Korea to Set Up Power Plant II-68

ESB Independent Energy Inks Power Purchase Agreement II-69

NYC Deploys Aluminum Alloy Turbine II-69

11. FOCUS ON SELECT DEVICE DEVELOPERS II-70

Atlantis Resources Corporation Pte Limited (Singapore) II-70

Marine Current Turbines (UK) II-70

Oceanlinx Limited (Australia) II-70

Ocean Power Technologies, Inc. (USA) II-71

OpenHydro Group (UK) II-71

Pelamis Wave Power Ltd. (UK) II-72

Verdant Power, Inc. (US) II-72

12. GLOBAL MARKET PERSPECTIVE II-73

Table 13: World Recent Past, Current & Future Analysis for

Ocean Energy - Installed Ocean Energy Capacity in Megawatts

for Years 2006 through 2015 (includes corresponding

Graph/Chart) II-73

Table 14: World Recent Past, Current & Future Analysis for

Ocean Energy - Annual Revenues in US$ Million for Years 2006

through 2015 (includes corresponding Graph/Chart) II-73

III. COMPETITIVE LANDSCAPE

Total Companies Profiled: 56 (including Divisions/Subsidiaries - 60)

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Region/Country Players

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The United States 6

Canada 8

Europe 39

France 2

Germany 5

The United Kingdom 13

Spain 3

Rest of Europe 16

Asia-Pacific (Excluding Japan) 6

Middle East 1

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