Marine Power ’Turns Corner’ as Utilities Invest, U.K. Trust Say

Wave and tidal energy are set to take off as utilities including Germany’s E.ON AG, Iberdrola SA’s Scottish Power unit and Sweden’s Vattenfall AB step up investment in the new industry, the U.K.’s Carbon Trust said.

The first commercial-scale plants should be producing power from the U.K.’s waves and tides within four years, with a total generating capacity of 100 to 200 megawatts possible by 2020, according to Benj Sykes, director of innovations at the government-funded advocate for low-carbon energy generation.