Further research into tidal technology is imperative to address geographical constraints, high costs and ecological impacts.
The International Energy Agency (IEA) forecasts a 50% expansion in renewable energy capacity from 2019 to 2024. The ‘Renewable 2020’ report reveals that solar, wind, and tidal technology are advancing at their most rapid pace in four years. This trend supports the assertion that the future is increasingly oriented towards the adoption of renewable energy.
The UK’s marine energy sector has secured US$213 million in funding for innovation and research. With an additional US$24 million allocated to advance tidal stream energy development. Adequate funding for technological research plays a pivotal role in overcoming existing limitations. An increasing number of tidal power plant projects are in progress. The Morlais project, initiated in Wales, aims to deploy turbines at what is poised to become one of the world’s largest tidal stream energy sites. Once fully operational, the project is expected to provide power for 180,000 homes. Other forthcoming tidal power plants include South Korea and Russia.
In summary, renewable energy remains a prominent topic due to its escalating significance in the energy sector. Although many clean energy initiatives are still in the developmental stage, the transition to societies powered entirely by renewable energy is undeniably the key to reducing greenhouse gas emissions and mitigating climate change.