Marine Energy Commercialization Review: Evaluation of the Transition From Public to Private Capital

Summary

Commercializing marine energy technologies in the U.S. faces significant hurdles, including lengthy regulatory authorizations (averaging 7.5 years), high costs, system reliability issues, and difficulty attracting private capital, which typically requires a 20%+ ROI within a decade. This report evaluates these barriers by reviewing literature, stakeholder feedback, and historical WPTO actions, aiming to define commercialization, establish standard metrics, and identify solutions for transitioning from public to private funding. The overall effort to commercialize marine energy is ongoing, with this report serving as an evaluation to guide future progress.

Key Facts

Source Document

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