October 10, 2007 (News Release)

The world energy council has quoted that the future value of wave energy worldwide is a staggering $1 trillion.

With tidal energy being further down the innovation cycle it does beg the question what is the future value of tidal energy? John Griffith an advisor to EMEC commented, “the UK tidal resource has been assessed in the past as having a market size of about 10% of wave, however that tended to exclude the greater part of the tidal resource which is in >60 m depth-if that extrapolates to the world that would suggest tidal would be at $100-$200 billion.”

An encouraging figure but Amaan Lafayette from E.ON was quick to add caution to this claim. “The potential for all marine energy is undoubtedly significant but having a viable technology is the first step to achieve.”

At present this value is just based on theory and subject to the delivery of reliable and proven technologies.

John Griffith will be joining Amaan Lafayette from E.ON Renewables, Ann Savage from Entec, Dennis Broughton from IEC and a representative from the Crown Estate to discuss regulations facing the tidal industry, take this opportunity to ask the questions which need answering and much more at the Tidal Energy Summit 2007.

Check out www.tidaltoday.com/tidal07  for a full line up of the highest calibre speakers and an agenda which is independent and demand led.