Representatives from Minesto, Nova Innovation, Marine Power Systems, ORE Catapult and many other companies and organisations from the marine energy sector are participating in Marine Energy Wales Conference 2018 today, 19 April, in Cardiff.
At the conference, Minesto’s CEO Martin Edlund said global ocean energy potential is more than 600GW, which corresponds to one and a half times the current nuclear capacity.
According to Felix Leinemann, Head of the Blue Economy Sectors unit of European Commission’s Directorate-General for Maritime Affairs and Fisheries, blue energy is more productive and more predictable than other renewables, where the benefits outweigh the costs. Leinmann also pointed out that ocean energy will remain a funding priority in the EU.
The conference is featuring 25 speakers from project developers, supply chain, government and regulators, alongside an industry exhibition, and marks the first time the event has been brought to Cardiff.
In Wales, more than £22 million of EU funds has already been invested in developing the marine energy industry through projects such as those that are being implemented by Marine Power Systems, Minesto and Morlais, according to the Wales European Funding Office.
Marine Energy Staff