To ask His Majesty's Government what assessment they have made of (1) the CSIRO report Dispatchability and energy storage costs for complementary wave, wind, and solar PV systems, published on 27 September, and (2) the potential for wave energy to assist with maintaining grid stability in the UK as the share of renewable energy increases.
Answered on
31 October 2022
Analysis has confirmed the predictability, resilience and potential cost-effectiveness of marine energy, which could play a key role in delivering net zero, as noted in the cited report. The Government is pleased that, at the last contracts for difference auction, four tidal stream projects were successful. The Department continues to explore options to increase the production of wave and tidal energy, including innovative funding mechanisms.