In Great Britain, Ireland, and Portugal, the European EVOLVE project has discovered 70 GW of ocean energy that is realistically practicable, with 60 GW coming from waves and 10 GW from tidal streams.
A total of 34.8 GW of feasible deployment capacity across the three study locations was discovered in Great Britain, 18.8 GW in Ireland, and 15.5 GW in Portugal.
According to the findings of the two-year study, the deployment of 10 GW of ocean energy in Great Britain may save system dispatch costs by $1.81 billion annually and carbon dioxide emissions by up to 1.05 million tonnes.
Research Institutes of Sweden (RISE), WavEC Offshore Renewables, the University of Edinburgh, as well as the Scottish tidal stream turbine developer Orbital Marine Power and the Swedish wave energy converter developer CorPower Ocean, collaborated on the project under the direction of Aquatera. Analyses of both space and time were used. Future island systems’ microgrids were also modeled in this manner.
According to the research, using both wind and ocean energy together has advantages because tidal stream generation is unrelated to wind and wave energy generation rises when wind energy declines.