Abstract
This paper presents a comparative assessment of three fundamentally different wave energy converter technology development trajectories. The three technology development trajectories are expressed and visualised as a function of technology readiness levels and technology performance levels. The assessment shows that development trajectories that initially prioritize technology readiness over technology performance are likely to require twice the development time, consume a threefold of the development cost, and are prone to a risk of technical or commercial failure of one order of magnitude higher than those development trajectories that initially prioritize technology performance over technology readiness.
| Original language | American English |
|---|---|
| Number of pages | 10 |
| State | Published - 2017 |
| Event | European Wave and Tidal Energy Conference - Cork, Ireland Duration: 27 Aug 2017 → 1 Sep 2017 |
Conference
| Conference | European Wave and Tidal Energy Conference |
|---|---|
| City | Cork, Ireland |
| Period | 27/08/17 → 1/09/17 |
NREL Publication Number
- NREL/CP-5000-68480
Keywords
- development cost
- development risk
- development time
- technology development trajectory
- technology performance level
- wave energy converter