TY - CONF
TI - Cost, Time, and Risk Assessment of Different Wave Energy Converter Technology Development Trajectories
AU - Weber, J
AU - Laird, D
AU - Costello, R
AU - Roberts, J
AU - Bull, D
AU - Babarit, A
AU - Nielsen, K
AU - Ferreira, C
AU - Kennedy, B
T2 - 12th European Wave and Tidal Energy Conference (EWTEC 2017)
C1 - Cork, Ireland
AB - This paper presents a comparative assessment of three fundamentally different wave energy converter technology development trajectories. The three technology development trajectories are expressed and visualised as a function of technology readiness levels and technology performance levels. The assessment shows that development trajectories that initially prioritize technology readiness over technology performance are likely to require twice the development time, consume a threefold of the development cost, and are prone to a risk of technical or commercial failure of one order of magnitude higher than those development trajectories that initially prioritize technology performance over technology readiness.
DA - 2017/08//
PY - 2017
SP - 10
UR - https://www.osti.gov/biblio/1393790
LA - English
KW - Wave
KW - Modeling
KW - Performance
KW - Cost Assessment
ER -