@inproceedings{645e0f2bfdf64ff8a60abf4eff063bc3,
title = "Tackling the wave energy paradox – stepping towards commercial deployment",
abstract = "For the wave energy industry, the leap from R&D to commercial deployment remains considerable and arises as part of the {\textquoteleft}wave energy paradox{\textquoteright}, 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.",
keywords = "Commercial deployment, Design process, LCOE, Markets, Performance metrics, Scale, Wave energy",
author = "Andrea Caio and Thomas Davey and Cameron McNatt",
year = "2019",
month = jan,
day = "1",
language = "English",
isbn = "9781880653852",
series = "Proceedings of the International Offshore and Polar Engineering Conference",
publisher = "International Society of Offshore and Polar Engineers",
pages = "246--252",
editor = "Chung, {Jin S.} and Akselsen, {Odd M.} and HyunWoo Jin and Hiroyasu Kawai and Yongwon Lee and Dmitri Matskevitch and {Ho Van}, Suak and Decheng Wan and Wang, {Alan M.} and Satoru Yamaguchi",
booktitle = "Proceedings of the 29th International Ocean and Polar Engineering Conference, ISOPE 2019",
address = "United States",
note = "29th International Ocean and Polar Engineering Conference, ISOPE 2019 ; Conference date: 16-06-2019 Through 21-06-2019",
}