Reports on Wave and Tidal Energy Cost Reduction and Performance Improvement Opportunities
This submission contains two resources developed by Booz Allen Hamilton Inc. in 2025 for the U.S. Department of Energy/Water Power Technologies Office (WPTO). The study identifies near-term opportunities to reduce costs and improve performance in wave and tidal current energy systems. Conducted in 2025, the work combines a literature review with insights from approximately 140 publicly available resources and 13 subject matter experts from five national and international organizations, to develop and recommend four potential approaches to advance marine energy technologies.
The analysis focuses on the primary cost and performance drivers for marine energy technologies including power, structural design and device profile, anchoring and mooring, operations and maintenance, and array design, and uses DOE's standardized cost breakdown structure to assess their impact on the levelized cost of energy (LCOE).
The material presented in the final report and presentation are intended to clarify, guide, and inform the research and development (R&D) of commercially viable marine energy systems.
Citation Formats
TY - DATA
AB - This submission contains two resources developed by Booz Allen Hamilton Inc. in 2025 for the U.S. Department of Energy/Water Power Technologies Office (WPTO). The study identifies near-term opportunities to reduce costs and improve performance in wave and tidal current energy systems. Conducted in 2025, the work combines a literature review with insights from approximately 140 publicly available resources and 13 subject matter experts from five national and international organizations, to develop and recommend four potential approaches to advance marine energy technologies.
The analysis focuses on the primary cost and performance drivers for marine energy technologies including power, structural design and device profile, anchoring and mooring, operations and maintenance, and array design, and uses DOE's standardized cost breakdown structure to assess their impact on the levelized cost of energy (LCOE).
The material presented in the final report and presentation are intended to clarify, guide, and inform the research and development (R&D) of commercially viable marine energy systems.
AU - McShane, William 'Bill'
DB - Marine and Hydrokinetic Data Repository
DP - Open EI | National Renewable Energy Laboratory
DO -
KW - MHK
KW - Marine
KW - Hydrokinetic
KW - energy
KW - power
KW - marine energy cost
KW - presentation
KW - marine energy technologies
KW - standardized cost breakdown
KW - levelized cost of energy
KW - LCOE
KW - RD
KW - economics
KW - cost assessment
KW - wave and tidal energy technologies
KW - technology
KW - cost reduction
KW - technical report
LA - English
DA - 2025/05/27
PY - 2025
PB - Booz Allen Hamilton Inc.
T1 - Reports on Wave and Tidal Energy Cost Reduction and Performance Improvement Opportunities
UR - https://mhkdr.openei.org/submissions/660
ER -
McShane, William 'Bill'. Reports on Wave and Tidal Energy Cost Reduction and Performance Improvement Opportunities. Booz Allen Hamilton Inc. , 27 May, 2025, Marine and Hydrokinetic Data Repository. https://mhkdr.openei.org/submissions/660.
McShane, W. (2025). Reports on Wave and Tidal Energy Cost Reduction and Performance Improvement Opportunities. [Data set]. Marine and Hydrokinetic Data Repository. Booz Allen Hamilton Inc. . https://mhkdr.openei.org/submissions/660
McShane, William 'Bill'. Reports on Wave and Tidal Energy Cost Reduction and Performance Improvement Opportunities. Booz Allen Hamilton Inc. , May, 27, 2025. Distributed by Marine and Hydrokinetic Data Repository. https://mhkdr.openei.org/submissions/660
@misc{MHKDR_Dataset_660,
title = {Reports on Wave and Tidal Energy Cost Reduction and Performance Improvement Opportunities},
author = {McShane, William 'Bill'},
abstractNote = {This submission contains two resources developed by Booz Allen Hamilton Inc. in 2025 for the U.S. Department of Energy/Water Power Technologies Office (WPTO). The study identifies near-term opportunities to reduce costs and improve performance in wave and tidal current energy systems. Conducted in 2025, the work combines a literature review with insights from approximately 140 publicly available resources and 13 subject matter experts from five national and international organizations, to develop and recommend four potential approaches to advance marine energy technologies.
The analysis focuses on the primary cost and performance drivers for marine energy technologies including power, structural design and device profile, anchoring and mooring, operations and maintenance, and array design, and uses DOE's standardized cost breakdown structure to assess their impact on the levelized cost of energy (LCOE).
The material presented in the final report and presentation are intended to clarify, guide, and inform the research and development (R\&D) of commercially viable marine energy systems.},
url = {https://mhkdr.openei.org/submissions/660},
year = {2025},
howpublished = {Marine and Hydrokinetic Data Repository, Booz Allen Hamilton Inc. , https://mhkdr.openei.org/submissions/660},
note = {Accessed: 2025-10-18}
}
Details
Data from May 27, 2025
Last updated Oct 17, 2025
Submission in progress
Organization
Booz Allen Hamilton Inc.
Contact
William 'Bill' McShane
