The Marine Energy Technology Roadmap, produced by UKEnergy Research Centre (UKERC) and the Energy Technologies Institute (ETI),says the tidal and wave industries should be aiming at slashing levelised costof energy (CoE) from the current £0.20-0.50/kWh to £0.10-0.20/kWh by 2020 and £0.05-0.08/kWhby 2050 to spur development of large array projects.

“The UK marine energy sector could be worth more than£70bn ($117.7bn) and support 68,000 jobs in 2050,” statesUniversity of Edinburgh UKERC researcher Henry Jeffrey, lead author of thereport.