OceanEnergy USA LLC.
OceanEnergy USA LLC is part of the OceanEnergy Group and is actively pursuing opportunities in the US market. Marine renewables represents a market space that is relatively small at present, but is expected to grow rapidly over the coming decade. The opportunity for marine energy is that it can meet a significant percentage of the global energy demand. In the United States, the technical potential of wave energy for example could meet roughly 15% of the electricity needs, which would represent a market of about $100bn/year in electricity sales alone. Globally, wave power could meet about 5%-10% of the electric energy needs.