AN INTERNATIONAL EVALUATION AND GUIDANCE FRAMEWORK FOR OCEAN ENERGY TECHNOLOGY

Date: October 20, 2023 at 15:22 GMT

This is the second edition of the International Evaluation and Guidance Framework for Ocean Energy Technolgy.

It represents a significant evolution of the framework, now including Environmental Acceptability, a key consideration in technology development. This addition is an example of the document's responsiveness to user feedback and emerging industry needs.
International acceptance of a common approach to technology development and evaluation, as advocated by this updated report, provides clarity in the expectations from different stakeholders during each stage of development, fostering clearer communication among industry players, governments, and investors.

By standardizing the use of terminology and the technology evaluation process, the framework reduces ambiguity, building confidence and transparency in the ocean energy sector, a critical element in attracting investment and fostering growth. It also facilitates the allocation of funding to technologies with the highest potential for commercial success.