TEAMER: MADWEC Techno-Economic Analysis

Ortega, Tina; Baca, Elena

doi:10.15473/2472504

Title: TEAMER: MADWEC Techno-Economic Analysis

Dataset
Other Related Research

Abstract

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 ismore »« less

Authors:

Ortega, Tina; Baca, Elena

National Renewable Energy Laboratory

Publication Date:: Thu Mar 07 23:00:00 EST 2024

Other Number(s):: 561

DOE Contract Number:: EE0008895

Research Org.:: Marine and Hydrokinetic Data Repository (MHKDR); National Renewable Energy Laboratory

Sponsoring Org.:: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Water Power Technologies Office (EE-4WP)

Collaborations:: National Renewable Energy Laboratory

Subject:: 16 TIDAL AND WAVE POWER; CapEX; Cost Assessment; Economics; Energy; Excel; MADWEC; MHK; Marine; Maximal Asymmetric Drag; OpEX; Power; Power Performance; RFTS 7; TEA; TEAMER; WEC; Wave Energy Converter

OSTI Identifier:: 2472504

DOI:: https://doi.org/10.15473/2472504

Citation Formats


                    Ortega, Tina, and Baca, Elena. TEAMER: MADWEC Techno-Economic Analysis.  United States: N. p., 2024. 
        Web.  doi:10.15473/2472504.

Copy to clipboard


                    Ortega, Tina, & Baca, Elena. TEAMER: MADWEC Techno-Economic Analysis.  United States.  doi:https://doi.org/10.15473/2472504

Copy to clipboard


                    Ortega, Tina, and Baca, Elena. 2024.  
"TEAMER: MADWEC Techno-Economic Analysis".  United States.  doi:https://doi.org/10.15473/2472504.  https://www.osti.gov/servlets/purl/2472504. Pub date:Thu Mar 07 23:00:00 EST 2024

Copy to clipboard


                    
@article{osti_2472504,

  title        = {TEAMER: MADWEC Techno-Economic Analysis},

  author       = {Ortega, Tina and Baca, Elena},

  abstractNote = {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.},

  doi          = {10.15473/2472504},

  journal      = {},

  number       = ,

  volume       = ,

  place        = {United States},

  year         = {Thu Mar 07 23:00:00 EST 2024},

  month        = {Thu Mar 07 23:00:00 EST 2024}

}

Copy to clipboard

Dataset:

View Dataset

DOI: https://doi.org/10.15473/2472504

Save / Share:

Export Metadata

Save to My Library

Similar records in DOE Data Explorer and OSTI.GOV collections:

Techno-Economic Optimization of the SurgeWEC Device

Dataset Previsic, Mirko

This is the post-access report for a Teamer-funded effort to optimize the SurgeWEC device, a near-shore pivoting flap wave energy conversion device used to desalinate water. Parametrically driven cost and performance models enabled an integrated optimization approach at the farm scale. The metric used for this study was the levelized cost of water (LCOW). The data-set includes: 1. A public-domain post access report 2. An excel file with the data and plots generated under this study
MHK Levelized Cost of Energy (LCOE) Guidance and Techno-Economic Analysis Materials

Dataset Jenne, Scott ; Baca, Elena

Useful information and tools for calculating the Levelized Cost of Energy (LCOE) and MHK Cost Breakdown Structure. Includes a structure for calculating the capital expenditures and operating costs of a marine energy technology or device, reference resource data for both wave and tidal, and LCOE reporting guidance. These tools are meant to be used to help calculate the Levelized Cost of Energy (LCOE) for an MHK or MRE technology or device.
GEOPHIRES files for DDU techno-economic simulations

Dataset Beckers, Koenraad

During 2017-2019, the U.S. Department of Energy funded six geothermal deep direct-use (DDU) projects to investigate feasibility of DDU for heating, cooling and thermal storage in the United States. In a follow-on study conducted at the National Renewable Energy Laboratory (NREL), findings of these six projects were reviewed and analyzed, and additional simulations were conducted using the simulator GEOPHIRES to explore technical performance and cost-competitiveness of DDU. The results of the NREL study were published in the paper "Evaluating the Feasibility of Geothermal Deep Direct-Use in the United States." The GEOPHIRES files developed in that study are included in thismore »« less
Techno-economic and life cycle analysis model and data for Reactive CO2 Capture Manuscript

Dataset Goldstein, Hannah M ; Pang, Simon H ; Ellebracht, Nathan C ; ...
UMass 2-Body WEC Techno-Economic Assessment

Dataset Previsic, Mirko

The University of Massachusetts (UMass) is developing a 2-body wave energy converter (WEC) device that is converting mechanical power into electricity using a mechanical motion rectifier that allows the system to couple to a flywheel. UMass has completed numerical modeling, wave tank testing, and PTO sub-system testing and needed assistance in developing a techno-economic model to enable optimization of their topology, comparison to a generic heaving point absorber topology, and guide the next steps in their development efforts. The core objective was to develop a techno-economic approach and modeling tool that allows benchmarking of the two topologies across a widemore »« less

Similar Records