TEAMER: MADWEC Techno-Economic Analysis
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.
Citation Formats
TY - DATA
AB - 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.
AU - Ortega, Tina
A2 - Baca, Elena
DB - Marine and Hydrokinetic Data Repository
DP - Open EI | National Renewable Energy Laboratory
DO - 10.15473/2472504
KW - Marine
KW - Energy
KW - MHK
KW - Power
KW - TEAMER
KW - TEA
KW - MADWEC
KW - Maximal Asymmetric Drag
KW - WEC
KW - Wave Energy Converter
KW - Economics
KW - Cost Assessment
KW - CapEX
KW - OpEX
KW - Power Performance
KW - Excel
KW - RFTS 7
LA - English
DA - 2024/03/08
PY - 2024
PB - National Renewable Energy Laboratory
T1 - TEAMER: MADWEC Techno-Economic Analysis
UR - https://doi.org/10.15473/2472504
ER -
Ortega, Tina, and Elena Baca. TEAMER: MADWEC Techno-Economic Analysis. National Renewable Energy Laboratory, 8 March, 2024, Marine and Hydrokinetic Data Repository. https://doi.org/10.15473/2472504.
Ortega, T., & Baca, E. (2024). TEAMER: MADWEC Techno-Economic Analysis. [Data set]. Marine and Hydrokinetic Data Repository. National Renewable Energy Laboratory. https://doi.org/10.15473/2472504
Ortega, Tina and Elena Baca. TEAMER: MADWEC Techno-Economic Analysis. National Renewable Energy Laboratory, March, 8, 2024. Distributed by Marine and Hydrokinetic Data Repository. https://doi.org/10.15473/2472504
@misc{MHKDR_Dataset_561,
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.},
url = {https://mhkdr.openei.org/submissions/561},
year = {2024},
howpublished = {Marine and Hydrokinetic Data Repository, National Renewable Energy Laboratory, https://doi.org/10.15473/2472504},
note = {Accessed: 2025-04-24},
doi = {10.15473/2472504}
}
https://dx.doi.org/10.15473/2472504
Details
Data from Mar 8, 2024
Last updated Oct 18, 2024
Submitted Aug 20, 2024
Organization
National Renewable Energy Laboratory
Contact
Christina Ortega
720.560.5602
Authors
Keywords
Marine, Energy, MHK, Power, TEAMER, TEA, MADWEC, Maximal Asymmetric Drag, WEC, Wave Energy Converter, Economics, Cost Assessment, CapEX, OpEX, Power Performance, Excel, RFTS 7DOE Project Details
Project Name Testing Expertise and Access for Marine Energy Research
Project Lead Lauren Ruedy
Project Number EE0008895
