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D6.11 LCOE Report
The novel MegaRoller technology represents state-of-the-art solution for unlocking the potential in wave energy. The European Union’s Horizon 2020 research and innovation programme funded MegaRoller project has been an effort to develop the power take-off component for a 1 MW oscillating wave surge wave energy converter and consequently decrease the levelized costs of electricity for the technology type. The project has spearheaded development of wave energy conversion technologies and sought to facilitate the uptake of wave energy as an alternative technology in the production of renewable energy. Several innovations in the design of hardware and software components of the PTO have been achieved resulting in a notable decrease in the levelized costs of electricity for the technology type. The achieved range of levelized costs of energy for the MegaRoller technology is 148-100 EUR/MWh. Further costs reductions are expected to be realized through increased deployments of the technology and to follow a costs reduction trajectory similar to other variable renewable energy technologies. Following 50 MW of cumulative deployment LCOE is forecast to reach 116-60 EUR/MWh and in the most conservative assessment decline below 100 EUR/MWh after 130 MW deployed capacity. Assuming an average 20 % learning rate throughout development, the cost of the MegaRoller technology will reach parity with the current lowest cost solar PV and onshore wind projects at 23 EUR/MWh. The ability of the MegaRoller technology to supplement other renewable energy technologies in the electricity mix and to extract a higher value per produced kilowatt hour has also been modelled. As wave power is not correlated with the day-night-cycle of solar radiation nor the local wind climate determining wind power production, wave energy can support a power grid with increased solar and wind production capacity and proportionately deployed claim a higher price per kWh produced. The development of the PTO technology for OWSC technologies carried out through the MegaRoller project and the achieved results are highly encouraging for further decrease of costs and uptake of wave energy
D6.11 LCOE Report
The novel MegaRoller technology represents state-of-the-art solution for unlocking the potential in wave energy. The European Union’s Horizon 2020 research and innovation programme funded MegaRoller project has been an effort to develop the power take-off component for a 1 MW oscillating wave surge wave energy converter and consequently decrease the levelized costs of electricity for the technology type. The project has spearheaded development of wave energy conversion technologies and sought to facilitate the uptake of wave energy as an alternative technology in the production of renewable energy. Several innovations in the design of hardware and software components of the PTO have been achieved resulting in a notable decrease in the levelized costs of electricity for the technology type. The achieved range of levelized costs of energy for the MegaRoller technology is 148-100 EUR/MWh. Further costs reductions are expected to be realized through increased deployments of the technology and to follow a costs reduction trajectory similar to other variable renewable energy technologies. Following 50 MW of cumulative deployment LCOE is forecast to reach 116-60 EUR/MWh and in the most conservative assessment decline below 100 EUR/MWh after 130 MW deployed capacity. Assuming an average 20 % learning rate throughout development, the cost of the MegaRoller technology will reach parity with the current lowest cost solar PV and onshore wind projects at 23 EUR/MWh. The ability of the MegaRoller technology to supplement other renewable energy technologies in the electricity mix and to extract a higher value per produced kilowatt hour has also been modelled. As wave power is not correlated with the day-night-cycle of solar radiation nor the local wind climate determining wind power production, wave energy can support a power grid with increased solar and wind production capacity and proportionately deployed claim a higher price per kWh produced. The development of the PTO technology for OWSC technologies carried out through the MegaRoller project and the achieved results are highly encouraging for further decrease of costs and uptake of wave energy
D6.11 LCOE Report
Nyman, Mikko (Autor:in) / Åkerberg, Jussi (Autor:in) / Pech, Matthew (Autor:in) / Vuorinen, Matti (Autor:in)
06.05.2021
oai:zenodo.org:5749481
Paper
Elektronische Ressource
Englisch
DDC:
690
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