Within the marine energy sector tidal stream has advanced its technology offering to a point where it is on the cusp of competing with high cost dispatchable generation. To assess the addressable market for tidal stream requires power generation financial modelling, incorporating a series forecasted technological enhancements based around a series of assumptions which attempt to present a potential pathway towards commercialisation. Our approach has involved an investigation into the Levelised Cost of Energy (LCOE) for tidal stream technologies.

Author: David Cunningham, Investment Manager, Wood