Development in Wave Energy Technology – I
The marine energy industry has been in a state of technological developments recently. The efforts of many companies are being rewarded by various Government organizations which provide financial aid to boost research so that the industry keeps developing forward.
The most recent announcement was made by the Scottish Government which said that a funding of 7.9 million pounds would be given to boost the developments of five marine energy developers. The marine energy market is developing rapidly and keeping that in mind The WATERS (Water and Tidal Research Development and Demonstration Support) program has been released. The Scottish energy market has a potential to benefit their economy by an amount of 4 billion pounds with wave technology.
