Marine energy sector 'could supply a fifth of cheap electricity demand' - 03/05/2011
If predictions made by a think tank are anything to go by, cheap energy customers could soon be using more power produced by the marine energy sector.
According to the Guardian, the Carbon Trust's research into the industry shows marine technology has the potential to support 68,000 jobs and be worth £76 billion by 2050.
Total capacity in the sector could also grow to 27.5 gigawatts over the next 40 years, which is equivalent to a fifth of current cheap electricity demand.
Benj Sykes, director of innovations at the organisation, told the newspaper: "Marine energy could be a major 'made in Britain' success.
"By cementing our early mover advantage, the UK could develop a significant export market, generate thousands of jobs and meet our own demand for clean, home-grown electricity."
Mr Sykes added that Britain should ensure its competitive advantage in constructing marine energy equipment into "sustained green growth".
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