New Study to Map Europe’s Path to Global Leadership in Ocean Energy Supply Chains

The University of Edinburgh, one of the EURO-TIDES project partners, has published a new study to identify what Europe needs to maintain global leadership in ocean energy. While major international reports highlight the vast economic potential of deploying ocean energy by 2050, none have assessed the specific competitiveness gaps within the sector’s supply chain.

EURO-TIDES will use a supply chain competitiveness framework to analyse in detail the areas of the supply chain most in need of policy intervention and financial support, to ensure that Europe continues to lead in the ocean energy market at a global level. To deliver these outcomes, it will identify key supply chain areas and the potential opportunity that is represented by European manufacturing being able to move these areas towards a ‘Leading the Sector’ position. This will be done through the development of a novel supply chain competitiveness ranking framework.

For supply chain areas where a ‘Leading the Sector’ position is identified as a feasible and desirable outcome, this report will also put forward policy recommendations to help achieve this. These will be designed using a novel supply chain competitiveness framework that identifies the underlying factors that drive competitiveness across the European economy.

The results will provide essential guidance for policymakers, industry, and advisors as Europe works to strengthen its supply chain and secure a leading position in the rapidly growing global ocean energy market.

Read the full paper: The Development of a Supply Chain Competitiveness Framework to Support the European Ocean Energy Sector - University of Edinburgh Research Explorer