Both public and private sector are unwilling to invest in wave power, frustrating the development of what could be a huge clean energy source for the UK
Funding for wave power, seen as a potentially huge and clean source of energy for the UK, has become uncertain as investors pull out or are unwilling to invest, according to a new report.
Both the public and private sector are reluctant to invest, says the report by the Offshore Renewable Energy Catapult (ORE), a government-funded innovation centre. “This market is strategically important to the UK but is on the brink of foundering. It is crucial that action is taken to bolster the prospects of the industry,” it says.