I read a report today

I started my blog today. Had to try. And I read a report today. It is difficult to choose what information to actually go into in this field since there is a lot available.

This one was done by Innovation Norway and is about wind and ocean based energy. I think both topics are interesting and since one is commercially widespread and one is clearly not, that somehow made it more interestingJ. It was an interesting read, covered both areas pretty well I think. It went trough some of the leading countries and what they do in both fields.

There is a shift in the geographical market for wind, were countries such as Germany and Denmark were previously leading the way in terms of new installed capacity, it is now US, China (and to some extent India) that are the big markets for new wind installations. Naturally wind remains strong in the Nordics in terms of companies with Vestas in the forfront and a lot of both suppliers and other companies following and creating their own solutions. Vertical Wind is one of the companies with their own solution. So is Chapdrive of Norway.

Wave and tidal energy are potentially lucrative since the energy potential in the waves is large. There are some hot spots in the world where the conditions are more optimal such as UK and Portugal. The Nordics have quite a few ocean power companies, all with their very own way of harnessing the powers of the sea. Langley, Seabased, AW Energy, Wavestar, Floating Power Plant, Minesto are a some of them.

Ocean based energy seem to divide the investment community. One group is sceptical towards it and think it will be a very long time before it reaches commercial price levels/kwh if ever. The companies I mentioned are mostly venture capital backed so among their owners and among other investors are believers that over time this form of energy will be a stable solution and reach a profitable price point.

I hope the latter are right...