Entering the new blue ocean of trillion-dollar energy storage

Why is marine energy important to the Blue Economy?

Marine energy offers the possibility of tremendous value to the blue economy, both as part of a rapidly growing renewable ocean energy sector creating coastal economic development opportunities and as an enabler of a suite of new technologies, scientific applications, and commercial opportunities in the ocean.

How can a blue economy be furthered?

Such schemes can address several issues such as cleaner shipping fuels, renewable energy resources from the oceans, promoting offshore farming, sustainable aquaculture, etc. One of the potential areas for furthering the blue economy is to utilize renewable energy resources from oceans to reduce fossil fuel use.

Why do data centers need the ocean?

The ocean provides free cooling, which is historically one of the greatest costs in operating a data center, as well as the potential to be powered by locally sourced power from marine energy. Alaska Energy Authority. 2016.

How can orers help the Blue Economy?

In addition, creating focused multilateral mechanisms and transfer of technology can help economically backward countries to gain access to these technologies for a faster renewable energy transition. More importantly, ORERs have a larger role to play in furthering the blue economy and to sustainably harness the ocean resources.

What will the new blue economy look like?

The new blue economy will require new ways of producing, storing, and using energy as technologies and industries move further from shore-based power grids to collect new data sets and use the ocean in new ways.

Could removing power constraints accelerate growth in the Blue Economy?

Removing power constraints and addressing the needs of coastal and ocean energy end users could accelerate growth in the blue economy and encourage sustained economic development.