Tackling the wave energy paradox – stepping towards commercial deployment

Andrea Caio, Thomas Davey, Cameron McNatt

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

For the wave energy industry, the leap from R&D to commercial deployment remains considerable and arises as part of the ‘wave energy paradox’, defined here as a negative reinforcement cycle involving a lack of investment, deployment, learning and returns. In this context, we review performance metrics set by funding bodies, industry standards and developers, examining how existing practices can result in sub-optimal design targets due to current specifications and misalignment of metrics between developers and external stakeholders. This paper offers initial insights – via a case study – to demonstrate how the integration of meaningful and aligned metrics throughout the design process represents a key lever in overcoming the paradox.

Original languageEnglish
Title of host publicationProceedings of the 29th International Ocean and Polar Engineering Conference, ISOPE 2019
EditorsJin S. Chung, Odd M. Akselsen, HyunWoo Jin, Hiroyasu Kawai, Yongwon Lee, Dmitri Matskevitch, Suak Ho Van, Decheng Wan, Alan M. Wang, Satoru Yamaguchi
PublisherInternational Society of Offshore and Polar Engineers
Pages246-252
Number of pages7
ISBN (Print)9781880653852
Publication statusPublished - 1 Jan 2019
Event29th International Ocean and Polar Engineering Conference, ISOPE 2019 - Honolulu, United States
Duration: 16 Jun 201921 Jun 2019

Publication series

NameProceedings of the International Offshore and Polar Engineering Conference
Volume1
ISSN (Print)1098-6189
ISSN (Electronic)1555-1792

Conference

Conference29th International Ocean and Polar Engineering Conference, ISOPE 2019
Country/TerritoryUnited States
CityHonolulu
Period16/06/1921/06/19

Keywords

  • Commercial deployment
  • Design process
  • LCOE
  • Markets
  • Performance metrics
  • Scale
  • Wave energy

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