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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.
Complete Metadata
| @type | dcat:Dataset |
|---|---|
| accessLevel | public |
| bureauCode |
[
"019:20"
]
|
| contactPoint |
{
"fn": "Christina Ortega",
"@type": "vcard:Contact",
"hasEmail": "mailto:tina.ortega@nrel.gov"
}
|
| dataQuality |
true
|
| description | 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. |
| distribution |
[
{
"@type": "dcat:Distribution",
"title": "MADWEC TEA Model.xlsx",
"format": "xlsx",
"accessURL": "https://mhkdr.openei.org/files/561/MADWEC_TEA_Model.xlsx",
"mediaType": "application/vnd.openxmlformats-officedocument.spreadsheetml.sheet",
"description": "This Excel file contains the TEA model for the MADWEC design, including a cost breakdown of CapEx, OpEX, and power generation. The model is dynamic for future custom inputs or changes to the assessed systems/scenarios. "
},
{
"@type": "dcat:Distribution",
"title": "TEAMER Maximal Asymmetric Drag Wave Energy Converter",
"format": "HTML",
"accessURL": "https://mhkdr.openei.org/submissions/502",
"mediaType": "text/html",
"description": "Data from boundary element method (BEM) and WEC simulation analyses for the MADWEC system that this TEA is based on."
}
]
|
| DOI | 10.15473/2472504 |
| identifier | https://data.openei.org/submissions/8098 |
| issued | 2024-03-08T07:00:00Z |
| keyword |
[
"CapEX",
"Cost Assessment",
"Economics",
"Energy",
"Excel",
"MADWEC",
"MHK",
"Marine",
"Maximal Asymmetric Drag",
"OpEX",
"Power",
"Power Performance",
"RFTS 7",
"TEA",
"TEAMER",
"WEC",
"Wave Energy Converter"
]
|
| landingPage | https://mhkdr.openei.org/submissions/561 |
| license | https://creativecommons.org/licenses/by/4.0/ |
| modified | 2024-10-18T03:37:02Z |
| programCode |
[
"019:009"
]
|
| projectLead | Lauren Ruedy |
| projectNumber | EE0008895 |
| projectTitle | Testing Expertise and Access for Marine Energy Research |
| publisher |
{
"name": "National Renewable Energy Laboratory",
"@type": "org:Organization"
}
|
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|
| title | TEAMER: MADWEC Techno-Economic Analysis |
