Measuring progress towards ocean energy commercialisation

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dc.contributor.authorRuiz-Minguela, Pablo
dc.contributor.authorWong, Pui Wah
dc.contributor.authorNoble, Donald R.
dc.contributor.authorJeffrey, Henry
dc.contributor.authorVillate, Jose Luis
dc.contributor.institutionRENOVABLES OFFSHORE
dc.contributor.institutionGENERAL
dc.date.accessioned2024-07-24T12:06:45Z
dc.date.available2024-07-24T12:06:45Z
dc.date.issued2023-11
dc.descriptionPublisher Copyright: © 2023 Publicaciones Dyna Sl. All rights reserved.
dc.description.abstractThe EU aims to achieve climate neutrality by 2050 through the European Green Deal and its commitment to global climate action under the Paris Agreement. Transitioning to a carbon-neutral society requires increasing the share of renewable energy across different sectors. Ocean energy can contribute to job creation, economic revitalization, and grid balancing. However, public funding and financial instruments are necessary to reduce risks, advance technology, and to support demonstration and pre-commercial projects in the ocean energy sector. The SEETIP Ocean project, supported by the European Commission through the Horizon Europe framework programme, aims to accelerate the deployment of the ocean energy sector by promoting collaboration among stakeholders. As part of the project, an analysis is being conducted to assess technological progress, identify implementation gaps, and update the Strategic Research and Innovation Agenda (SRIA) for Ocean Energy. The analysis reveals reasonable progress in research and innovation, albeit with smaller project sizes compared to current SRIA recommendations, and the need for increased support from national programmes. Some topics have been covered more than proposed funding and number of projects, while others not at all. This highlights the need for effective communication and collaboration between both the European Commission and Member State funders and their programmes. In addition, public support and funding is crucial to lower investment risks and propel ocean energy technologies towards commercialisation. With appropriate funding and policy support, the European ocean energy sector could strengthen its position as a worldwide leader and harness the socio-economic benefits from the sector.en
dc.description.sponsorshipFunding for ocean energy research and innovation activities is limited. Therefore, private investment and public funding must collectively focus on those actions which will deliver the greatest impact. The Strategic Research and Innovation Agenda (SRIA) for Ocean Energy is a reference document developed in close cooperation with sector stakeholders which identifies the priority challenge areas most worthy of investment during 2021-2025 [10]. This article is based on analysis results from the following projects. SEETIP Ocean was co-funded by the EU Horizon Europe Programme under grant agreement No 5108843 and by UK Research and Innovation (UKRI) under the UK government’s Horizon Europe Guarantee scheme 10045928. Supergen Offshore Renewable Energy Hub was funded by the UK Engineering and Physical Sciences Research Council (EPSRC), EP/S000747/1. Views and opinions expressed are however those of the authors only and do not necessarily reflect those of the funders. Neither the European Union nor the granting authority can be held responsible for them. Overall results analysed around half-way through the SRIA recommendation period highlight that there has been reasonable progress on funding, although with a larger number of smaller projects than in the SRIA. These have been largely funded by the European Commission, and national programmes have the margin to increase their support.
dc.description.statusPeer reviewed
dc.format.extent8
dc.identifier.citationRuiz-Minguela , P , Wong , P W , Noble , D R , Jeffrey , H & Villate , J L 2023 , ' Measuring progress towards ocean energy commercialisation ' , Dyna (Spain) , vol. 98 , no. 6 , pp. 633-640 . https://doi.org/10.6036/11059
dc.identifier.doi10.6036/11059
dc.identifier.issn0012-7361
dc.identifier.urihttps://hdl.handle.net/11556/3692
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85176942785&partnerID=8YFLogxK
dc.language.isoeng
dc.relation.ispartofDyna (Spain)
dc.relation.projectIDFunding for ocean energy research and innovation activities is limited
dc.relation.projectIDHorizon Europe Guarantee, 10045928
dc.relation.projectIDUK Research and Innovation, UKRI
dc.relation.projectIDHORIZON EUROPE Framework Programme, 5108843
dc.relation.projectIDEngineering and Physical Sciences Research Council, EPSRC, EP/S000747/1
dc.relation.projectIDEuropean Commission, EC
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subject.keywordsChallenge Areas
dc.subject.keywordsClimate neutrality
dc.subject.keywordsFunding
dc.subject.keywordsOcean energy
dc.subject.keywordsPriority Topics
dc.subject.keywordsStrategic Research and Innovation Agenda (SRIA)
dc.subject.keywordsGeneral Engineering
dc.subject.keywordsSDG 7 - Affordable and Clean Energy
dc.subject.keywordsSDG 8 - Decent Work and Economic Growth
dc.subject.keywordsSDG 13 - Climate Action
dc.subject.keywordsSDG 15 - Life on Land
dc.titleMeasuring progress towards ocean energy commercialisationen
dc.title.alternativeMidiendo el avance hacia la comercialización de las energías oceánicases
dc.typejournal article
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