Rochelle Toplensky writes in The Wall Street Journal that ocean energy needs a financial lift to go mainstream.
- Waves off of the U.S. coasts can generate enough energy to potentially power two-thirds of America’s grid.
- Energy harvested from waves is renewable and also more predictable than solar or wind.
- Right now the biggest impediment to ocean energy becoming mainstream is cost, but some companies in Scotland and Hawaii have shown that it can be a commercially viable source of energy.
“Ocean energy has come a long way, but has more to prove. Unlike the tides it harvests, how the market develops from here may still be too unpredictable for most private investors.”
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