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TEAMER: MADWEC Techno-Economic Analysis
L o a d i n g
Organization
National Renewable Energy Laboratory (NREL) - view all
Update frequencyunknown
Last updated4 days ago
Format
Overview

The objective of this project was for the facility to conduct a techno-economic assessment (TEA) of the Maximal Asymmetric Drag Wave Energy Converter (MADWEC), developed by the University of Massachusetts Dartmouth (UMass Dartmouth). MADWEC is used for powering remote monitoring and Autonomous Underwater Vehicle (AUV) charging systems compared to other existing power supply options. The assessment estimates capital expenditures (CapEx), operational expenditures (OpEx), and power performance for 18 scenarios with the purpose of identifying key cost drivers, comparing total system cost, and comparing the power performance of the power supply options in terms of required installed capacity and estimated theoretical annual energy performance. The 18 assessed scenarios include two end-uses: 1) AUV charging and 2) offshore remote monitoring); three power sources: 1) MADWEC), 2) photovoltaic (PV) solar buoy, 3) and traditional battery swapping); and three locations; 1) nearshore, 2) far-offshore, and 3) high-latitude). In addition, other project goals included developing high level installation, operation, and maintenance plans for each scenario. The techno-economic model, created in Microsoft Excel, estimates CapEx, OpEx, and the power performance of each power supply source. The model has a dynamic format that allows custom inputs to accommodate future changes to the systems being assessed. This is a TEA for the MADWEC project, TEAMER RFTS 7 (request for technical support) program.

CapEXCost AssessmentEconomicsEnergyExcelMADWECMHKMarineMaximal Asymmetric DragOpEXPowerPower PerformanceRFTS 7TEATEAMERWECWave Energy Converter
Additional Information
KeyValue
Dcat Issued2024-03-08T07:00:00Z
Dcat Modified2024-10-18T03:37:02Z
Dcat Publisher NameNational Renewable Energy Laboratory
Guidhttps://data.openei.org/submissions/8098
Harvest Object Id3450b35d-809f-4237-899a-3da2304e3a01
Harvest Source Id4eb7107f-a2b1-40e3-b36a-8161aa98a56e
Harvest Source TitleOpenEI Data Portal
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Trust Framework(s)None
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Files
  • MADWEC TEA Model.xlsx

  • TEAMER Maximal Asymmetric Drag Wave Energy Converter