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<strong>Wave</strong> <strong>and</strong> <strong>Tidal</strong> <strong>Energy</strong> <strong>Market</strong><br />
Ocean is one of the largest sources of clean <strong>and</strong> sustainable energy. <strong>Wave</strong> energy <strong>and</strong> tidal<br />
energy are the main segments of ocean energy. Surface wind creates the ocean waves. There are<br />
different methods of constraining the ocean energy, from which wave <strong>and</strong> tidal are the most<br />
dominant forms of energy. <strong>Tidal</strong> stream <strong>and</strong> tidal range energy are the two segments of tidal<br />
energy. <strong>Tidal</strong> range energy is a comparatively mature technology. Both wave <strong>and</strong> tidal stream<br />
energy are relatively newer concepts. These are in the emerging stages of technology<br />
development.<br />
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The strength of the wind, its length, <strong>and</strong> the open ocean distance (fetch) over which it blows are<br />
the major factors on which growth of the waves depends. The most powerful <strong>and</strong> consistent<br />
waves are created by strong existing winds in high latitudes. These waves propagate over long<br />
distances with little energy loss, to deliver consistent <strong>and</strong> abundant supplies of readily useable<br />
energy. The movements of water that are accelerated into strong currents near the fringe of the<br />
oceans, or through narrow passages between isl<strong>and</strong>s <strong>and</strong> other l<strong>and</strong>forms create the tidal<br />
energy.<br />
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