IEA-OES 2023 Annual Report out now

Posted 2024-02-29 in News

Showcasing International Collaboration in Ocean Energy to Drive Forward Global Advancements

The International Energy Agency's Ocean Energy Systems (IEA-OES) Technology Programme has released its annual report for 2023, showcasing the ocean energy sector's strides towards innovation and sustainability. The report highlights the publication of a strategic roadmap aiming for 300GW of ocean energy by 2050, advancements in the Stage-Gate Metrics Framework incorporating environmental considerations, and the ongoing study on the exploration of ocean energy in desalination processes. It also covers collaborative efforts on environmental impacts, alongside advancements in wave and tidal energy modeling and OTEC Economics. The collaborative initiatives emphasize IEA-OES's commitment to fostering global ocean energy development, addressing both technological and environmental challenges.

Throughout 2023, the ocean energy sector witnessed several milestones, moving from experimental efforts to more advanced stages of technology deployment and operational demonstration. The global community of developers, researchers, and innovators, actively participated in testing ocean energy technologies in real-world marine environments. Despite these technological strides there remains a critical need for continuous investment and supportive public policies. While progress in infrastructure such as test sites and research facilities has been steady, challenges like permit delays and economic uncertainties highlight the urgency for enhanced regulatory support and innovation.

Matthijs Soede, IEA-OES Chairman, says “At the end of 2023 more than 100 countries agreed to triple renewable energy capacity by 2030 at the COP 28 climate summit in Dubai. We will have to make use of all renewable energy sources. This report is giving an excellent overview on the latest developments in ocean energy sector and what is done at policy level in all our member countries from China, the United States, Canada, India, Europe to Australia.”

Download the report here.