Seizing sustainable growth opportunities from tidal stream energy in the UK

The CEP studies the determinants of economic performance at the level of the company, the nation and the global economy by focusing on the major links between globalisation, technology and institutions (above all the educational system and the labour market) and their impact on productivity, inequality, employment, stability and wellbeing. [...] The current state of tidal stream energy around the world and in the UK The global development of tidal stream energy to date has been limited by high technology costs, poor access to How does tidal stream government subsidies, uncertainty over the technology’s energy work? environmental impacts and too few examples to build a track Tidal stream energy record of technology performance over sustain. [...] by harnessing the power of The 10 megawatts (MW) of tidal stream capacity installed in the tides: periodic changes in the UK represents more than half of the entire operational sea levels due to gravitational capacity of the technology in the world as of 2023, making interactions between the sun, the UK currently the global leader in tidal stream energy Earth and moon. [...] The potential for tidal stream energy to support sustainable growth in the UK Pursuing tidal stream energy has the potential to contribute to four strategic objectives in support of sustainable growth in the UK: 1. [...] 9 Structure of the report Section 2 reviews the current status and future outlook of the global and domestic markets for tidal stream energy to shed light on the potential growth opportunity the sector represents for the UK.