An EU-funded trial to test the performance of new wave energy technology has indicated promising potential to boost cost, efficiency and carbon savings, with those behind the project hoping the results can help steer the nascent sector towards commercialisation. Led by wave energy specialist CorPower Ocean, the WaveBoost project tested a new power take-off system for wave energy converters which it said helped boost annual electricity production by 27 per cent, while also helping to operate more safely and reliably. The research released yesterday also pointed to improvements which helped to drive down the estimated Levelised Cost of Electricity (LCOE) by between 18-29 per cent compared to previous prototypes, and operational expenditure by as much as 70 per cent. CorPower Ocean said the latest prototype also had 80 per cent fewer components, helping to reduce friction by 70 per cent and flow losses by as much as 90 per cent.
Business Green 9th April 2020 read more »