WP08 - Cost of Energy
Work Package 08 - Cost of Energy
Work Package 08 is concerned with determining the cost of energy generated by the LiftWEC system using a complete lifecycle approach. The specific objectives of this work package are as follows:
- To obtain a reliable estimate of the Levelized Cost of Energy (LCoE) of the LiftWEC concept.
- In synergy with WP02 Concept development and evaluation, this WP will support the identification of the preliminary, baseline, and final configurations of the LiftWEC concept.
- The LCoE of these configurations, optimised for some selected deployment locations, will be calculated, to evaluate the economic viability of the concept.
Work Package Updates
Work Package 08 Update – Project Month 15
Work Package 08 Update – Project Month 15 The latest work on the Levelised Cost of Energy (LCoE) has focused on identifying and facilitating discussions on the most significant potential cost saving measures available to the LiftWEC technology. This analysis will continue throughout the LiftWEC development pathway. To assess the economic performance of the different LiftWEC concepts – or any concept at low TRL level – is not trivial. A guide has been developed in
Work Package 08 Update – Project Month 06
Work Package 08 Update – Project Month 06 Work on the Levelized Cost of Energy seeks to identify and feedback on the most significant potential cost saving measures available to the LiftWEC technology as it progresses through its developmental pathway. To support the calculation of the Levelized Cost of Energy cost database for a wave energy farm has been compiled using a thorough literature review has been completed, which is presented in Deliverable D8.1 “Cost
Work Package Deliverables
D8.1 Cost Database
D8.1 Cost Database Download Deliverable D8.1 This document consists of a cost database gathering all costs related to a wave energy project. A thorough literature review has been performed to compile the cost database. The document is divided into four sections. After a brief introduction, the first section enumerates all costs related to capital expenditure. Costs related to operating expenditure are gathered in the second section. The following section breakdowns the cost in order to
D8.2 Parametric Cost Model
D8.2 Parametric Cost Model Download Deliverable D8.2 This document constitutes Deliverable 8.2 of the LiftWEC project and consists of the description of the parametric cost model that will be used in this project to calculate the levelized cost of energy of the LiftWEC concept. A literature review has been performed to compile the different cost models found in the literature. The document is divided into four sections. After a brief introduction, the first section concerns
D8.3 LiftWEC LCoE Calculation Tool
D8.3 LiftWEC LCoE Calculation Tool Download Deliverable D8.3 The focus of Task 8.3 has been the refinement of the LiftWEC Levelised Cost of Energy (LCOE) Calculation Tool, incorporating a range of improvements including an updated database of costs developed under Task 8.1 and the parametric cost model developed under Task 8.2. The LiftWEC LCOE Calculation Tool has been updated and refined including new features and improvements according to the project scope. These have been developed
D8.4 LCoE estimates of Baseline Configurations
D8.4 LCoE Estimates of Baseline Configurations Download Deliverable D8.4 In this 3-year funded LiftWEC Project, partners collaborate to determine the economic potential for a new type of wave energy converter (WEC) using lift forces converting wave energy to electricity. The LiftWEC consist of a hydrofoil rotating around a horizontal axis interacting with the incident waves turning a generator generating electricity. The rotor and generators can be mounted on different types of support structures. The final
D8.5 Optimised device parameters
D8.5 Optimised device parameters Download Deliverable D8.5 In this 3-year funded LiftWEC Project, partners collaborate to determine the economic potential of a new type of wave energy converter using lift forces to convert wave energy into electricity. The LiftWEC consist of two hydrofoils rotating around a horizontal axis interacting with the incident waves. Different configurations of support structures for attaching the rotor and generators have been analysed and evaluated in Deliverable 8.4 using the LiftWEC
