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Public funding for ocean energy: A comparison of the UK and U.S

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  • Jeffrey, Henry
  • Sedgwick, Jonathan
  • Gerrard, Gavin

Abstract

This paper presents a detailed analysis of the activities in which ocean energy public funding in the UK and the U.S. has been spent. It conducts a direct comparison of funding from the U.S. Department of Energy (DoE) with that from the UK and Scottish Governments. UK investment in the sector has been relatively sustained and has increased since 2002. Almost $295million has been spent in total, across multiple funding bodies. U.S. spending began with the establishment of the Marine Hydrokinetic division of the DoE Water Power Programme in 2008, which has administered all non-defence federal public funding for the sector. U.S. funding has steadily increased since 2008, with the total funding approaching $92million.

Suggested Citation

  • Jeffrey, Henry & Sedgwick, Jonathan & Gerrard, Gavin, 2014. "Public funding for ocean energy: A comparison of the UK and U.S," Technological Forecasting and Social Change, Elsevier, vol. 84(C), pages 155-170.
    • Handle: RePEc:eee:tefoso:v:84:y:2014:i:c:p:155-170
    DOI: 10.1016/j.techfore.2013.08.006
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    Citations

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    Cited by:

    1. Giuseppe Attanasi & Kene Boun My & Marco Buso & Anne Stenger, 2020. "Private investment with social benefits under uncertainty: The dark side of public financing," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(3), pages 769-820, June.
    2. Eva Segura & Rafael Morales & José A. Somolinos, 2019. "Influence of Automated Maneuvers on the Economic Feasibility of Tidal Energy Farms," Sustainability, MDPI, vol. 11(21), pages 1-22, October.
    3. Zeyringer, Marianne & Fais, Birgit & Keppo, Ilkka & Price, James, 2018. "The potential of marine energy technologies in the UK – Evaluation from a systems perspective," Renewable Energy, Elsevier, vol. 115(C), pages 1281-1293.
    4. Jenkins, Lekelia Danielle & Dreyer, Stacia Jeanne & Polis, Hilary Jacqueline & Beaver, Ezra & Kowalski, Adam A. & Linder, Hannah L. & McMillin, Thomas Neal & McTiernan, Kaylie Laura & Rogier, Thea The, 2018. "Human dimensions of tidal energy: A review of theories and frameworks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 97(C), pages 323-337.
    5. Andersson, Johnn & Perez Vico, Eugenia & Hammar, Linus & Sandén, Björn A., 2017. "The critical role of informed political direction for advancing technology: The case of Swedish marine energy," Energy Policy, Elsevier, vol. 101(C), pages 52-64.
    6. Bonnin Roca, Jaime, 2022. "Teaching technological forecasting to undergraduate students: a reflection on challenges and opportunities," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    7. Vazquez, A. & Iglesias, G., 2016. "Grid parity in tidal stream energy projects: An assessment of financial, technological and economic LCOE input parameters," Technological Forecasting and Social Change, Elsevier, vol. 104(C), pages 89-101.

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