TRANSFORMING THE BLUE ECONOMY 

BY

DUAL-SOURCE ENERGY HARVESTING


WAVE & WIND

OFFERING


GAME-CHANGING INNOVATIVE WAVE  ENERGY CONVERTER


DERIVED FROM SUBSEA INDUSTRY PRACTICES

  • reduced cost for energy                         

Wind and Wave energy converters share infrastructure, services and supply chain

  • more consistent power export           

Wave power is more consistent and peaks with a time-delay to wind power

  • increased revenue                                     

Price of electricity increases as wind drops and waves continue to produce energy

  • less need for offshore space              

Combined wave and wind power plants produce more energy per area

WHY Wave Energy

Most Energy-Dense renewable energy source


Wave energy is 4 to 6 times denser than wind energy

Most Predictable renewable energy source


Sea states can be predicted accurately 48-72 hours in advance

Most Consistent renewable energy source

Significant Energy Resource


The theoretical potential of wave energy is 29,500* TWh/yr, similar to current global electricity demand.


*) Mørk, G., Barstow, S., Kabuth, A. & Pontes, M., 2010.Assessing the Global Wave Energy Potential.

Highest economical Value


Wave Energy is the renewable energy source that best correlates with demand (Click reference here).

 

Low visual signature


Due to low visual signature, wave energy is suited for location near shore close to populated areas. Wave energy installations impose no danger to birds.

Levelized Cost of Electricity (LCoE) for V-Wave connected to same subsea infrastructure as floating wind turbines:


37 - 68 USD/MWh 

LCOE is based on measured wave data in period 2019 - 2022

CASE: Utsira Nord / Norwegian Sea

An area planned for floating wind turbines

unsplash