Marine energy See all Reports

Carbon Trust has been working with the marine energy industry since 2003, delivering £50 million of innovation in wave and tidal stream energy technology.

Accelerating cost reduction Proving the technology Demonstrating at scale Support for marine array innovation
Marine energy cost graph MRPF publication 135px Marine Renewables Commercialisation Fund Marine 120px

Marine Energy Accelerator
2007-2010

Marine Renewables Proving Fund 2009-2011

Marine Renewables Commercialisation Fund 2012-2015

Marine Farm Accelerator
2013-2016

Carbon Trust is a leading independent authority on marine energy. Since launching the Marine Energy Challenge in 2003 we have worked to understand the barriers facing the industry as it moves towards commercialisation and worked with innovative companies to overcome and remove these barriers. The focus of our work is to reduce the cost of energy from wave and tidal energy.

Carbon Trust also manages programmes that are moving marine energy towards full scale, commercial deployment. The Marine Renewables Proving Fund provided financial and technical support for full-scale demonstration of promising wave and tidal devices. We are currently administering the Scottish Government's Marine Renewables Commercialisation Fund (MRCF) which will provide £18 million of capital support for projects that will accelerate the deployment of commercial-scale wave and tidal stream energy arrays in Scottish Waters or support innovative enabling technologies or infrastructure that will de-risk future arrays.

More recently, the Marine Farm Accelerator programme has been launched by the Carbon Trust in collaboration with the Offshore Renewable Energy Catapult centre to accelerate development and proving of essential technology for marine energy first arrays and enable future cost savings. The Marine Farm Accelerator is a joint industry programme – Carbon Trust is working with industry partners to agree innovation areas, then to support research, demonstration and deployment of technologies that will reduce risk and cost for early wave and tidal arrays.

Carbon Trust has invested in marine energy developers and provided support through our Entrepreneurs Fast Track scheme, building long term relationships with innovators: see the case study on Pelamis Wave Power. We were also a founding funder of the European Marine Energy Centre in Orkney. To learn more about the current status of the industry see our Accelerating Marine Energy Report (2011)

Reports and studies

We have also published a range of background reports and studies on the marine energy sector including detailed technical reports on the UK's tidal resource and wave resource.

Our report Accelerating Marine Energy provides our view on how the cost of wave and tidal energy can be brought down by supporting innovation in devices and in the supply chain, and case studies of technologies supported by the Marine Energy Accelerator.

Carbon Trust led the Marine Technology Innovation Needs Assessment for the Low Carbon Innovation Coordination Group, which analyses the commercial potential and key economic benefits to the UK of wave and tidal stream energy.

Strategic Initiative for Ocean Energy logoCarbon Trust is a partner in the recently launched SI Ocean project which aims to create a common strategy for wave and tidal stream deployment in the EU. The project is supported by the EU's Intelligent Energy Europe programme.


Part funded by:
Scottish European Green Energy Centre logo

Project supported by:
Intelligent Energy Europe logo