TY - RPRT TI - Ocean Energy: Stats & Trends 2023 AU - Ocean Energy Europe AB - The ocean energy sector has made great progress towards commercialisation in 2023. The UK and French governments have played pivotal roles, contracting a combined 70 MW of tidal stream capacity. This brings publicly supported tidal additions in the 5 next years to 127 MW. This significant leap forward is largely due to the introduction of long-awaited revenue support systems. Meanwhile, wave energy projects made significant strides with full-scale prototypes and have taken key steps toward the development of pilot and pre-commercial farms. Public investment reached unprecedented heights, fuelling private investors' appetite, especially among industrials and major energy players. This is great progress, but clearer market visibility at national levels and continuous RD&I support under EU funding programmes will be instrumental for Europe to be the first continent to bring ocean energy to market.The data of this report are based on information provided by ocean energy developers, publicly available specialist sources, third-party and national government websites. Deployment figures are extracted from the Ocean Energy Europe database. The methodology outlines the approach taken for key sections of the report and includes a definition of the parameters studied in the report. DA - 2024/04// PY - 2024 SP - 19 PB - Ocean Energy Europe UR - https://www.oceanenergy-europe.eu/wp-content/uploads/2024/05/Ocean-Energy-Stats-and-Trends-2023.pdf LA - English KW - Current KW - Wave KW - Field Data KW - Performance KW - Cost Assessment KW - Supply Chain ER -