FLECS – Tidal power

The Business Research Company’s 2026 report on Tidal Energy  summarises the sector.  “Tidal energy, also known as tidal power, is a form of renewable energy that harnesses the movement of water caused by the gravitational pull of the moon and the sun on Earth’s oceans. This energy is generated by capturing the kinetic and potential energy from the rise and fall of ocean tides. It can be converted into electricity using various technologies, such as tidal stream turbines and barrages. Tidal energy is predictable and sustainable, as tides are regular and cyclic, making it a reliable source of clean energy. The main types of methods in tidal energy are tidal stream, tidal barrage, tidal turbine, and others. Tidal stream technology involves the use of underwater turbines or similar devices that capture the energy from the flow of tidal currents. These systems come in different capacities, such as up to 100 kW, 100 kW to 500 kW, and above, and can be installed at varying depths, including shallow, transitional, and deep waters. They are commonly used in applications like power generation and desalination. The tidal energy market size is expected to see exponential growth in the next few years. It will grow to $3.66 billion in 2030 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to increasing renewable energy capacity targets, rising investments in marine energy commercialization, expansion of coastal grid infrastructure, growing focus on energy security, advancements in tidal turbine efficiency.”