While renewable power technologies continue to grow as a source of global electricity generation, marine power technologies have struggled to gain traction in the renewable landscape due to high upfront costs and development challenges relating to reliability and durability in harsh marine environments. Lack of funding and government support has forced the exits of many players over the years, with the most recent closure coming from tidal power developer OpenHydro, who was once a top patent holder and considered a market leader in tidal energy. Despite these setbacks, tidal power technologies provide potential advantages over intermittent renewables, such as providing predictable baseload power generation, and are beginning to gain interest outside the U.K.
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