ICE led a high level roundtable meeting last week, to discuss the challenges the UK faces in capturing the huge international market that is opening up for developing marine renewable technology.
Wind, wave and tidal power technologies or ‘marine renewables,’ will play a key role in the development of ‘green’ energy with opportunities for developing marine renewables offshore expected to grow rapidly in the coming years.
The UK’s maritime history has created a strong platform for developing marine renewables with world class research, development facilities, engineering expertise and a specialist manufacturing base, but there are concerns about how these advantages can be harnessed in order to position the UK as a major player in the growing world market.
The roundtable brought together key players from UK energy and engineering sectors including the National Grid, the British Wind Energy Association, Climate Change Capital, E.ON and the Aldersgate Group.
The discussion was focused around:
- Establishing the elements of the global market where the UK does or could have a competitive advantage in offshore marine renewables
- How the UK can demonstrate that our technology can operate at scale to maximise opportunities
The group also discussed what steps should be taken by Government to support and create a healthy UK offshore renewable industry. ICE Director General, Tom Foulkes, said: “If the UK is to take advantage of growth in this sector, the first step is to gain a better understanding of the size and nature of the market. We will also need to identify where in the global market the UK currently has a comparative advantage. These will be the areas which the UK has the potential to expand domestically and provide an opportunity to export internationally.”