The Swedish marine energy technology company Minesto has developed the tidal and ocean current power plant Deep Green which can generate electricity from low velocity currents. This is seen as a breakthrough for marine energy.
Florida Atlantic University (FAU) is home to the Southeast National Marine Renewable Energy Center (SNMREC), a federally-designated US research and testing center with the mission to help accelerate the commercial realization of marine renewable energy recovery, with a preliminary focus on the Gulf Stream.
FAU and Minesto have signed a Memorandum of Understanding (MoU) to examine the technical, environmental and economic feasibility to install demonstration and commercial power plants in the Florida current.
The ocean current market is huge and unexplored. According to the US Department of Energy, the Gulf Stream can supply nearly 30 % of the power consumption in North Carolina, South Carolina, Georgia, and Florida. This is up to 163 TWh electricity. In monetary value that’s equivalent to $15bn per year in sales of electricity.
Also of interest:
- News: Breakthrough for Marine Energy,
ChemistryViews.org 13 November 2013
The power plant Deep Green works cost-effectively in low velocity tidal and ocean currents