WP4: Validation and Cost of Energy
The final work package focuses on validating the WEC’s performance in real-world conditions and calculating its economic viability through the Levelised Cost of Energy (LCOE). This package ensures that the technology is ready for commercial deployment and competitive within the renewable energy market.
WP4.1 Validation and Demonstration
- Real-world demonstrations of the TALOS-WEC system are conducted to validate its performance, efficiency, and durability under operational conditions. This phase involves deploying the WEC at sea and testing its ability to generate power reliably over extended periods.
- The goal is to prove the viability of the technology and showcase its potential to stakeholders, including investors and policymakers.
WP4.2 Array Deployment
- Following the validation of individual devices, the focus shifts to deploying an array of WECs in a real-world setting. This phase tests the scalability of the technology and its ability to operate effectively as part of a larger energy-generating system.
- The array deployment assesses factors such as operational efficiency, maintenance requirements, and grid integration, ensuring the WEC can function as part of a commercial wave energy farm.
WP4.3 Levelised Cost of Energy (LCOE)
- A comprehensive assessment of the Levelised Cost of Energy (LCOE) is conducted, comparing the total costs of the WEC’s lifecycle (from manufacturing and deployment to maintenance and decommissioning) with its energy generation capacity.
- The LCOE calculation is essential for determining the economic competitiveness of the WEC compared to other renewable energy sources. Achieving a low LCOE is critical to stimulating the commercialization of wave energy technology and attracting investment.