On Friday, President Obama made a speech at the Massachusetts Institute of Technology (MIT), challenging Americans to lead the global economy in clean energy. He highlighted the investments in the sector that are creating jobs, and the work of the MIT lab in developing cutting-edge clean energy technology. Clean energy is clearly high on the President’s priority list.
As the Chief Executive of renewable energy company, Marine Current Turbines, I welcome President Obama’s decision to push this important agenda. It is not only the need to reduce our impact on climate change that is the driving force behind this, but the need to find an alternative source of energy to our finite fossil fuel resources that are already starting to dry up. As our global hunger for energy shows no signs of waning, we must find new ways to feed that requirement, and leave something for future generations.
Not only do renewable energy sources reduce our dependence on fossil fuels, they are ushering in a new era of energy independence and which will have profound implications for the way that we view the energy business. Just as the invention of the PC put the power of computing in the hands of people, rather than the few experts who had access to computers, so the future of renewable energy sources will empower the individual, giving people choice about how they source their energy. Investing in renewable energy is not just about an alternative source of supply; it is profoundly democratising and empowers, both individually and locally. Moving away from centralised supply through the national grid, with a small number of powerful suppliers, to more locally sourced energy supplies, will be very liberating for the consumer and provide long term, stable, low cost energy. It is the key to solving energy poverty and to providing a flexible, robust, and long term, low-cost energy system.
In order to achieve the goal of access to green energy for all, we are going to need to see a strong commitment to investment in the technologies which will eventually lead to large-scale production, and therefore make the cost of sustainable energy sources a tempting option for governments. Britain is already a leader in developing some of these technologies, and we have fantastic resources in terms of the scientists and engineers who are innovating and refining them. Investment in these resources will ensure that we capitalise on British talent, and benefit the British economy.
Marine Current Turbines (MCT) is a world leader in marine current and tidal stream energy, and has at last opened the door to the previously unreachable power of the oceans. Our company is one of many developing new technologies and turning these into commercial projects to provide clean and inexhaustible energy. Modern offshore engineering capabilities have made tapping the relentless energy pounding on Britain’s extensive coastline a reality, and innovative engineering will lead to the efficient and effective tapping of many more sources of clean energy.
It is economically and strategically imperative that Britain leads the way in developing this and other sustainable technologies, in order to make sure we don’t lose out on the environmental and economic benefits of being able to provide green energy to our own and other countries. The Kyoto Protocol has been ratified in 178 countries, which will put pressure on governments around the world to reduce their carbon emissions, therefore opening lots of new markets for technologies such as that of Marine Current Turbines.
MCT installed the world’s first offshore tidal turbine near Lynmouth off the coast of Devon in 2003, and in 2008, completed installation of the world’s first commercial-scale tidal turbine in Strangford Narrows in Northern Ireland. This commercial prototype is to be deployed in the UK and internationally. MCT has already struck a deal in Canada and started a project in Nova Scotia with local partners. The green energy industry needs governments to provide the market framework to enable investors to perceive the growth potential of this sector, and help us export our expertise to new markets such as North America. President Obama’s commitment to green energy is a very significant development.
Britain has already made a strong commitment to investment in innovation, and the government is actively looking at how to encourage the scale of investment needed to bring forward technologies such as ours. There is no doubt that if they get this right it will help to boost the British economy and make Britain a world leader in green technology. It is not too strong to say that energy policy is the central issue for the first part of the 21st century, and British innovation in this sector will be pivotal to the UK’s economic and environmental future. All it takes is vision.
Martin Wright is Chief Executive Officer, Marine Current Turbines Ltd, which is supporting the government campaign, Science: [So what? So everything], which shows people the importance of innovation and investment in science, engineering and technology. To find out more, visit www.direct.gov.uk/sciencesowhat.
As the Chief Executive of renewable energy company, Marine Current Turbines, I welcome President Obama’s decision to push this important agenda. It is not only the need to reduce our impact on climate change that is the driving force behind this, but the need to find an alternative source of energy to our finite fossil fuel resources that are already starting to dry up. As our global hunger for energy shows no signs of waning, we must find new ways to feed that requirement, and leave something for future generations.
Not only do renewable energy sources reduce our dependence on fossil fuels, they are ushering in a new era of energy independence and which will have profound implications for the way that we view the energy business. Just as the invention of the PC put the power of computing in the hands of people, rather than the few experts who had access to computers, so the future of renewable energy sources will empower the individual, giving people choice about how they source their energy. Investing in renewable energy is not just about an alternative source of supply; it is profoundly democratising and empowers, both individually and locally. Moving away from centralised supply through the national grid, with a small number of powerful suppliers, to more locally sourced energy supplies, will be very liberating for the consumer and provide long term, stable, low cost energy. It is the key to solving energy poverty and to providing a flexible, robust, and long term, low-cost energy system.
In order to achieve the goal of access to green energy for all, we are going to need to see a strong commitment to investment in the technologies which will eventually lead to large-scale production, and therefore make the cost of sustainable energy sources a tempting option for governments. Britain is already a leader in developing some of these technologies, and we have fantastic resources in terms of the scientists and engineers who are innovating and refining them. Investment in these resources will ensure that we capitalise on British talent, and benefit the British economy.
Marine Current Turbines (MCT) is a world leader in marine current and tidal stream energy, and has at last opened the door to the previously unreachable power of the oceans. Our company is one of many developing new technologies and turning these into commercial projects to provide clean and inexhaustible energy. Modern offshore engineering capabilities have made tapping the relentless energy pounding on Britain’s extensive coastline a reality, and innovative engineering will lead to the efficient and effective tapping of many more sources of clean energy.
It is economically and strategically imperative that Britain leads the way in developing this and other sustainable technologies, in order to make sure we don’t lose out on the environmental and economic benefits of being able to provide green energy to our own and other countries. The Kyoto Protocol has been ratified in 178 countries, which will put pressure on governments around the world to reduce their carbon emissions, therefore opening lots of new markets for technologies such as that of Marine Current Turbines.
MCT installed the world’s first offshore tidal turbine near Lynmouth off the coast of Devon in 2003, and in 2008, completed installation of the world’s first commercial-scale tidal turbine in Strangford Narrows in Northern Ireland. This commercial prototype is to be deployed in the UK and internationally. MCT has already struck a deal in Canada and started a project in Nova Scotia with local partners. The green energy industry needs governments to provide the market framework to enable investors to perceive the growth potential of this sector, and help us export our expertise to new markets such as North America. President Obama’s commitment to green energy is a very significant development.
Britain has already made a strong commitment to investment in innovation, and the government is actively looking at how to encourage the scale of investment needed to bring forward technologies such as ours. There is no doubt that if they get this right it will help to boost the British economy and make Britain a world leader in green technology. It is not too strong to say that energy policy is the central issue for the first part of the 21st century, and British innovation in this sector will be pivotal to the UK’s economic and environmental future. All it takes is vision.
Martin Wright is Chief Executive Officer, Marine Current Turbines Ltd, which is supporting the government campaign, Science: [So what? So everything], which shows people the importance of innovation and investment in science, engineering and technology. To find out more, visit www.direct.gov.uk/sciencesowhat.
