. It will launch the €19.6 million project this week at the Conference on Ocean Energy in San Sebastian, Spain. The project is co-funded by the EU Horizon Europe Program and by Innovate UK, the UK’s innovation agency, according to a European Marine Energy CenterOcean Energy has developed the OE35, which is the world’s largest capacity floating wave energy device. Floating on the ocean’s surface, the device incorporates a trapped air volume, with the lower part open to the sea.
The project aims to decrease the levelized cost of wave power energy and create a technology deployment pathway for a 20 MW pilot farm. The project will also explore an economic and life cycle analysis which will examine the opportunities for reuse and recycling of components at the end of the operations life of the device., says, “This rigorous technical and environmental demonstration will happen over a two year period in Atlantic wave conditions.
“Wave energy is the world’s most valuable and persistent renewable resource. However, it has yet to be fully realized. The project will demonstrate that wave technology is on a cost reduction trajectory and will thus be a stepping stone to larger commercial array scale up and further industrialization. We predict that the natural energy of the world’s oceans will one day supply much of the grid.”
European Commission spokesperson Matthijs Soede adds, “We are expecting WEDUSEA to take wave energy beyond the state of the art by the collaboration of partners with a multi-disciplinary background and that it will contribute to the deployment of arrays of reliable wave energy devices to achieve the 1 GW target for 2030 as presented in our Offshore Renewable Energy Strategy.
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