Unlike solar, wind, and tidal power, wave energy delivers consistent power over a 24 hour period. As a result, wave energy is a resource that can cover the baseload on the power grid with little to no storage.

The International Energy Authority (IEA) predicts that the global electricity demand will increase by 20-30% by 2030 and that ocean wave energy has the potential to provide 10-20% of those increased total electricity needs.

A significant portion of the world's population live close to ocean shorelines with excellent wave resources. Due to the collocation of consumer and resource, wave energy can be provided with low transmission costs and less power loss.

Although the data above is from the United Kingdom, similar ratios for renewable resources exist in many locations worldwide. The typical technical resource potential of wave energy is much larger than tidal, onshore wind and solar in many coastal locations.

Waves are available 24/7, and as a result, wave energy can provide baseload coverage on the grid with little to no storage costs. Intermittent resources such as solar and wind require much more costly storage to provide baseload coverage on the grid.

Waves can be forecast up to a week in advance with a high degree of accuracy, making the output of wave energy farms easy to integrate into the power grid. More intermittent resources like wind and solar are harder to predict precisely multiple days in advance.