Core Insights - The development of marine renewable energy, particularly wave energy, is gaining significant attention as land-based renewable resources become scarce. Countries like China, the US, Europe, and Japan are formulating development plans for marine energy [1][15] - Wave energy is highlighted for its abundant reserves, high energy density, and good predictability, making it a key player in the transition to low-carbon energy systems [1][15] - The global theoretical annual generation capacity of marine energy exceeds 76 trillion kWh, positioning it as a crucial element in combating climate change and enhancing renewable energy ratios [1][15] Industry Overview - Wave energy is a major form of marine energy, with various technologies being developed to convert wave energy into renewable electricity. The industry categorizes wave energy devices based on energy capture methods, including oscillating water columns and point absorbers [8][9] - The wave energy industry in China has an installed capacity of 3.83 MW as of 2024, indicating a growing interest in this sector [17] Market Analysis - The global wave energy market is characterized by high energy density and widespread distribution, making it commercially valuable. Countries are increasingly recognizing the potential of wave energy for large-scale utilization [2][20] - The International Energy Agency (IEA) reported that as of 2024, the operational capacity of wave energy among its member countries is 3.2 MW, with an equal amount under construction and 1.4 MW permitted [15][16] Competitive Landscape - The wave energy industry in China is still in its early stages, with a high concentration of installed capacity among a few leading companies, including Hangzhou Giant Wave Energy Technology and Southern Power Grid Technology [2][20][21] - Internationally, several large-scale wave energy devices have been developed, indicating that the technology is maturing [2][20] Policy Environment - The Chinese government has issued guidelines to promote the large-scale utilization of marine energy, emphasizing its importance for energy security and economic development [13][14] - Key policies include support for pilot projects in high-resource areas and encouragement for integrated development of wave energy alongside offshore wind projects [13][14] Future Outlook - The report titled "2026-2032 China Wave Energy Industry Market Deep Analysis and Investment Strategy Planning" aims to provide insights into market capacity, industry chain, operational characteristics, and profitability, serving as a reference for investment decisions [3][27] - The wave energy sector is expected to see significant growth, driven by technological advancements and supportive government policies [27][45]

Core Viewpoint - The development of China's marine economy must focus on high-quality growth and innovation, as emphasized by President Xi Jinping during the Central Financial Committee meeting [1] Group 1: Marine Economy Development - The Ministry of Natural Resources and the National Development and Reform Commission have jointly issued 19 tasks and policy measures to promote the large-scale utilization of marine energy [1] - The "Penghu" platform, China's first semi-submersible wave energy aquaculture platform, demonstrates how to achieve green power supply and intelligent deep-sea aquaculture [1][3] Group 2: Technological Advancements - The "Penghu" platform, designed by the Guangzhou Institute of Energy Research, is equipped with 60 kW wave energy and 60 kW solar power generation systems, along with energy storage devices and automated feeding systems [4][12] - The platform's design allows for significant automation, reducing the number of workers needed for aquaculture operations from five to two [4][11] Group 3: Successful Harvests - The "Penghu" platform successfully harvested 150,000 pounds of the valuable fish species, red drum, demonstrating its effectiveness in extreme marine conditions [6][7] - The "Gesheng 1" platform, a larger counterpart, has a capacity to cultivate 450 to 600 tons of fish, showcasing the scalability of these marine farming technologies [7][12] Group 4: Resilience and Future Plans - The "Penghu" platform successfully withstood the impact of Super Typhoon "Sula," which reached wind speeds of 61.5 meters per second, proving its robustness [14][15] - Future plans include the development of multi-energy complementary platforms that integrate wave, wind, and solar energy to enhance economic efficiency and sustainability in marine operations [15]