To ask His Majesty's Government what plans they have to support the development of wave energy technology.
Answered on
24 May 2023
Wave energy technologies have promise but they remain some way from commercial viability and are still at a pre-commercial stage.
The Government supports the development of wave energy technologies through research funding programmes operated both centrally and through UK Research and Innovation. Additionally, wave projects remain eligible to compete in the Contracts for Difference scheme.
The Government engages with industry as it seeks to cut costs, improve reliability and compete with other forms of low-carbon generation.
Answered by
Department for Energy Security and Net Zero