LCOE Baseline for OE Buoy WEC Device


Capex numbers are in $/kW, Opex numbers in $/kW-yr. Cost Estimates provided herein are based on concept design and basic engineering data and have high levels of uncertainties embedded. This reference economic scenario was done for a very large device version of the Ocean Energy (OE) Buoy technology, which is not presently on OE's technology development pathway but will be considered in future business plan development. The DOE reference site condition is considered a low power-density site, compared with many of the planned initial deployment locations for the OE Buoy. Many of the sites considered for the initial commercial deployment of the OE buoy feature much higher wave power densities and shorter period waves. Both of these characteristics will improve the OE buoy's commercial viability.

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Additional Info

DOE Project Name: Development of Optimal Control System for Three Different WEC Devices
DOE Project Number: EE0007173
DOE Project Lead: William McShane
DOI: 10.15473/1415577
Last Updated: over a year ago
Data from July, 2017
Submitted Jul 26, 2017


Re Vision Consulting



Awaiting release License 
All Resources Available Jul 27, 2022


Mirko Previsic
Re Vision Consulting
Anantha Karthikeyan
Re Vision Consulting
Tony Lewis
Ocean Energy USA LLC
John McCarthy
Ocean Energy USA LLC


MHK, Marine, Hydrokinetic, energy, power, OE Buoy, wave, controls, LCOE, Ocean Energy, wave energy, WEC, USA, /kW, levelized cost of energy, ocean, buoy, economics, cost, CBS, breakdown structure, device, commercial, viability, oscillating water column, OE


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