Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE).

Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource , described by OEE as the first global assessment of wave and tidal energy resources, brings together over 70 governmental and academic studies and, besides Ocean Energy Europe, features contributions from the International Renewable Energy Agency (IRENA) and the European Commission.