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A Review of the Levelized Cost of Wave Energy Based on a Techno-Economic Model

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A Review of the Levelized Cost of Wave Energy Based on a Techno-Economic Model. / Guo, Chenglong; Sheng, Wanan; De Silva, Dakshina et al.
ISOPE 2023. ISOPE, 2023. p. 663-669 471.

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNConference contribution/Paperpeer-review

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@inproceedings{4dc8dfc2f983485290913802af13bc8c,
title = "A Review of the Levelized Cost of Wave Energy Based on a Techno-Economic Model",
abstract = "Currently, there are many different wave energy converters. Their levelized cost of energy of extracting wave energy are still much higher than other matured renewables. The findings of the review show that disagreements of levelized cost of energy are due to the different cost constitutions and their measuring method of capital expenditure and operational expenditure. In the assumed scenario of case study with structure of cost, one-step investment program of half-discounted model is superior to the multi-step investment of discount model. Thus, investment form should be considered into the variables of levelized cost of energy",
author = "Chenglong Guo and Wanan Sheng and {De Silva}, Dakshina and George Aggidis",
year = "2023",
month = jun,
day = "22",
language = "English",
isbn = "9781880653807",
pages = "663--669",
booktitle = "ISOPE 2023",
publisher = "ISOPE",

}

RIS

TY - GEN

T1 - A Review of the Levelized Cost of Wave Energy Based on a Techno-Economic Model

AU - Guo, Chenglong

AU - Sheng, Wanan

AU - De Silva, Dakshina

AU - Aggidis, George

PY - 2023/6/22

Y1 - 2023/6/22

N2 - Currently, there are many different wave energy converters. Their levelized cost of energy of extracting wave energy are still much higher than other matured renewables. The findings of the review show that disagreements of levelized cost of energy are due to the different cost constitutions and their measuring method of capital expenditure and operational expenditure. In the assumed scenario of case study with structure of cost, one-step investment program of half-discounted model is superior to the multi-step investment of discount model. Thus, investment form should be considered into the variables of levelized cost of energy

AB - Currently, there are many different wave energy converters. Their levelized cost of energy of extracting wave energy are still much higher than other matured renewables. The findings of the review show that disagreements of levelized cost of energy are due to the different cost constitutions and their measuring method of capital expenditure and operational expenditure. In the assumed scenario of case study with structure of cost, one-step investment program of half-discounted model is superior to the multi-step investment of discount model. Thus, investment form should be considered into the variables of levelized cost of energy

M3 - Conference contribution/Paper

SN - 9781880653807

SP - 663

EP - 669

BT - ISOPE 2023

PB - ISOPE

ER -