Redfield Consulting has just published its new review of the marine energy sector, rating 120 wave and tidal devices on dimensions of technical and commercial feasibility. We've developed an objective scoring system, which hopefully takes woolly judgement out of the equation.
Technical feasibility: "can the device work?"
Our technical feasibility scores are determined by clear concept definition for the device, lab and tank testing, and ideally prototyping at large scale in the sea.
Commercial feasibility: "can the device operate and make money?"
Our scoring system on commercial feasibility tries to score whether the device has addressed the key questions of survivability, reliability and accessibility, as well whether the device developer has accessed third party investment, the breadth of management team and obviously whether commercial projects are under way or planned.
We're interested in your views on the scoring system and on how further discrimination can be introduced as more and more devices start full scale deployment.
We had lots of interesting feedback at the All-Energy Show, not least an impassioned plea for inclusion of a points score for greater swept area for tidal stream devices. We'd love to hear what you, the device developer and investment community think about development of the scoring system.
The report is available now: please feel free to contact us at Redfield Consulting (inforedfieldconsulting.co.uk, and we can let you have more information. And we plan to keep it up to date, introducing a time dimension so we can all see which devices are evolving fastest.
And the winners at the moment?...you'll have to get the report to find that out!
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