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March 1, 2009

March 2009: Wave and Tidal Power Markets and Opportunities

Today, the ocean power industry is emerging as one of the next substantive renewable energy sectors. Ocean waves and tides are energetic and predictable and the technology underlying their absorption and conversion into electricity is well understood. The companies developing these technologies have evolved substantially from their beginnings in the British ocean power research programs of the 1970s and early 1980s. In September 2008, the first full-scale commercial wave power array was brought online off the coast of Portugal, with many more soon to follow. With 11 separate technologies under development by 35 companies and 50 government- and university-backed research programs in 26 countries and more than 600 MW of commercial projects announced for deployment in the next eight years, the consensus among the technology development and investment communities is that ocean power is poised to make a significant contribution to the global energy portfolio.

This month's Greentech Innovations Report, takes a deep dive into the nascent ocean power market. This info draws upon extensive investigations by our research team and the pioneering work from our senior renewable energy analyst, Daniel Englander. These pages are just a glimpse of our published research on the subject.

Purchase the report for more tables and charts, including:

  • Global Distribution of Ocean Power Technologies
  • Average Annual Wave Energy Flux
  • Ocean and Wave Power Companies
  • Growth of Ocean Power Companies
  • Global Distribution of Ocean Power Companies
  • Total Investment in Ocean Power Companies

Greentech Investment Data in the March 2009 Issue:

  • VC Investment Totals by Sector
  • New Greentech M&A
  • Biofuels and Gasification
  • Energy Storage
  • Solar
  • Automotive and Transportation
  • Water
  • Green Buildings
  • Wind Power and Ocean Power
  • Environmental Tech
  • Carbon Markets
  • Green Agriculture

Report Authors

Eric Wesoff
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Author Bio

Prior to joining Greentech Media, Eric Wesoff founded Sage Marketing Partners in 2000 to provide sales and marketing-consulting services to venture-capital firms and their portfolio companies in the alternative energy and telecommunications sectors. Mr. Wesoff has become a well-known, respected authority and speaker in these fields. He also was the publisher of the Venture Power newsletter, a subscription-only newsletter covering venture-capital investment in renewable energy.

Eric's expertise covers solar power, fuel cells, biofuels and advanced batteries. His strengths are in market research and analysis, business development and due diligence for investors. He frequently consults for energy startups and Silicon Valley's premier venture capitalists.

From 1988 to 1996, Eric served as product marketing manager for Siemens Optoelectronics, where he oversaw complex product lines and managed relationships with global customers. He then became the U.S. marketing and sales manger for Akzo Nobel Photonics, which was acquired by JDS Uniphase. Eric later served as the sales director for Dicon Fiber Optics, where he was responsible for selling millions of dollars of fiber-optic telecom-equipment. He has consulted for Merck, JDSU, Coherent, IBM and scores of other firms, governments and organizations.