TY - GEN
T1 - Mapping economic performance of wave energy
AU - Frost, C.
AU - Findlay, D.
AU - Johanning, L.
AU - Macpherson, E.
AU - Sayer, P.
N1 - Publisher Copyright:
© 2016 Taylor & Francis Group, London.
PY - 2016
Y1 - 2016
N2 - An economic model has been developed to map wave energy performance and Levelised Cost of Energy (LCOE). It uses hindcast wave data time-series. Interpolating these data against a device power matrix, power can be obtained, and hence LCOE by considering project costs. The results, serving as high level site assessment tools, can be mapped to establish the most cost-competitive projects. The work has been carried out with Albatern Ltd, a wave energy developer and partner of the research project. Their technology, the Wave NET, is an array based device, constructed from modular units. Sample results are presented, comparing the LCOE at two module scales. While the larger scale device generally performed better, there were a number of sheltered locations where the smaller was cheaper, sometimes by as much as 20-30 p/kWh. This implies that there are multiple device solutions to wave energy, and that scale could be tuned for location.
AB - An economic model has been developed to map wave energy performance and Levelised Cost of Energy (LCOE). It uses hindcast wave data time-series. Interpolating these data against a device power matrix, power can be obtained, and hence LCOE by considering project costs. The results, serving as high level site assessment tools, can be mapped to establish the most cost-competitive projects. The work has been carried out with Albatern Ltd, a wave energy developer and partner of the research project. Their technology, the Wave NET, is an array based device, constructed from modular units. Sample results are presented, comparing the LCOE at two module scales. While the larger scale device generally performed better, there were a number of sheltered locations where the smaller was cheaper, sometimes by as much as 20-30 p/kWh. This implies that there are multiple device solutions to wave energy, and that scale could be tuned for location.
UR - http://www.scopus.com/inward/record.url?scp=85016954111&partnerID=8YFLogxK
U2 - 10.1201/9781315229256-101
DO - 10.1201/9781315229256-101
M3 - Conference proceedings published in a book
AN - SCOPUS:85016954111
SN - 9781138626270
T3 - Progress in Renewable Energies Offshore - Proceedings of 2nd International Conference on Renewable Energies Offshore, RENEW 2016
SP - 859
EP - 866
BT - Progress in Renewable Energies Offshore - Proceedings of 2nd International Conference on Renewable Energies Offshore, RENEW 2016
A2 - Guedes Soares, C.
PB - CRC Press/Balkema
T2 - 2nd International Conference on Renewable Energies Offshore, RENEW 2016
Y2 - 24 October 2016 through 26 October 2016
ER -