MILESTONE FOR TIDE ENERGY
Submitted by New Energy News Blog
Britain has, at least since Queen Elizabeth I’s time, thought of itself as a proud island nation reliant on its dominance of the seas for its strength and security. Now its conquest of its oceans has taken on a new meaning. It is going out to meet the New Energy age by establishing an ocean energy capacity.
The UK has connected its first tide energy device to its National Grid and will connect another soon. Experimentation with wave energy is being expanded.
Many think the power of the North Sea can provide the UK with 20% of its energy needs – and that’s without adding in the remarkable abundance of the offshore wind energy there.
The UK has invested a lot of money in developing its ocean energy assets. More expense will likely be required before the cost of wave, tide and current energies can be brought into parity with Old Energy. But most businesspeople know it is necessary to spend money in order to make money and the UK will soon be making back its investment many times over.
