E2i Preliminary Conclusion: Wave Power May Be Cheaper Than Wind

E2i has completed the first phase of research on wave energy resources in the United States with results reported here. Topics include site selection, a review of technology, the economics of pilot ocean plants and jurisdictional issues. In particular, this paper on the economics of wave power by Omar Siddiqui caught my eye, specifically the conclusion that: "Even w/a pessimistic cost estimate for wave energy, its economics are better than wind energy 3.8 cents wind; 3.6 cents wave (in locations like Oregon and Hawaii)."