According to a new report from the Energy and Climate Change Select Committee, the UK could become one of the leading exporters of wave and tidal power equipment and expertise, but only if the UK Government adopts a more visionary approach to developing marine renewables.
The UK is already the world leader in the development of wave and tidal energy technologies, home to seven of the eight full-scale prototype devices installed worldwide. The report notes that this success is in part a result of the abundant natural resources that are specific to the UK, a long history of academic research, world-class testing facilities, and a strong skills base in other maritime industries.
But the report warns that other countries less afraid of taking risks could leap ahead of the UK if the government takes an overly cautious attitude. The report points to the country’s failure to capitalize on its 80s lead in the wind turbine market. Once the leader in terms of research and testing of wind turbines, the UK failed to establish a domestic manufacturing industry and lost out to Denmark, which now controls the lion’s share of the worldwide industry now.
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