Concrest Energy

TRANSFORMING THE BLUE ECONOMY 

BY

DUAL-SOURCE ENERGY HARVESTING


WAVE & WIND

OFFERING


GAME-CHANGING INNOVATIVE WAVE  ENERGY CONVERTER


DERIVED FROM SUBSEA INDUSTRY PRACTICES


  • Increased spatial power density

Combined wave and wind power plants produce more energy per area

  • 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


    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 Utsira metocean data for 2020 - 2023

    CASE: Utsira Nord / Norwegian Sea

    An area planned for floating wind turbines

    Co-Locating 6 MW V-Wave with 15MW Wind turbines will DOUBLE the spatial energy density compared to a field with only wind turbines

     © 2023 Concrest Energy AS

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