Reduction Opportunities

One the main objectives of this project was to detect some possible cost reduction opportunities that could be achieved in the short term. Once we identified which were the cost figures that different wave energy converters have in common, we focused our efforts on analysing the figures that had greater scope for cost reduction. A wave energy project can be divided into the following cost groups:

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Main cost figures involved in a wave energy project. Source: SI Ocean

Although there are possible solutions for reducing the costs in the long term for all the cost figures, our analysis was focused in the most important subsystems of every wave energy project: the main structure of the device, the power take off, the mooring system and the installation procedures. For more information on them, click on any of the buttons.