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After slow start, wave energy approaches commercial scales The burgeoning wave energy sector, which has endured ups and downs in recent years through initial testing of devices and uncertain government support, has recently set sail with new projects that have brought the industry to the brink of commercial development (Listen to podcast: Emergence of the wave energy industry).

The US Department of Energy has released the latest edition of their Annual Energy Review (from the Executive Summary): The projections in AEO2009 look beyond current economic and financial woes and focus on factors that drive U.S. energy markets in the longer term. Key issues highlighted in the AEO2009 include higher but uncertain world oil prices, growing concern about greenhouse gas (GHG) emissions and its impacts on energy investment decisions, the increasing use of renewable fuels, the increasing production of unconventional natural gas, the shift in the transportation fleet to more efficient vehicles, and improved efficiency in end-use appliances. Using a reference case and a broad range of sensitivity cases, AEO2009 illustrates these key energy market trends and explores important areas of uncertainty in the U.S. energy economy. The AEO2009 cases, which were developed before enactment of the American Recovery and Reinvestment Act of 2009 (ARRA2009) in February 2009, reflect laws and policies in effect as of November 2008.

The next ten years will be very crucial in the renewable energy field. Mostly because there will be a lot of laws and innovations.