@misc{515810ee92ec4e3eabbbccefa786545e,
title = "WBS 2.2.1.402 - Wave-SPARC: Systematic Process & Analysis for Reaching Commercialization",
abstract = "Wave-SPARC is empowering the marine energy community with the tools necessary to achieve a significant improvement in techno-economic performance of wave generated grid power. A detailed systems engineering approach simultaneously balances around 100 cost and performance drivers (functional requirements and capabilities) of wave energy converters (WECs). Publicly accessible technology innovation and assessment methods and tools (new to the wave energy sector) have been delivered. They guide technology development trajectories to successful outcomes in less time, at less overall cost, and with less encountered risk. Through the use of these methods and tools along with proven structured inventive techniques the project continues to deliver high potential novel wave energy technology concepts for validation and subsequent development by industry. The intended outcomes are: (1) Invention, assessment, identification, verification and validation of novel and high techno-economic-potential WEC technology concepts to deliver high-confidence {"}seeds{"} for subsequent industrial development to full commercial application and economic viability (2) Development and delivery of WEC technology innovation and assessment methodologies and tools and provision of these as services and for free use by industry and the entire sector (3) International collaboration for global best practice alignment of assessment and innovation methods.",
keywords = "innovation, technology development, wave energy",
author = "Jochem Weber and Jesse Roberts",
year = "2022",
language = "American English",
series = "Presented at the U.S. Department of Energy Water Power Technologies Office (WPTO) 2022 Project Peer Review, 18-22 July 2022",
type = "Other",
}
