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.”
Read the full article here.