How to plan for ocean wave energy as persistent, base load, grid stable electricity versus the variability of wind and solar?
- Jan 5, 2021 10:20 pm GMTJan 5, 2021 6:26 pm GMT
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Atargis Energy is developing an ocean wave energy converter (WEC) with an all-in LCOE that is significantly lower than wind and solar when the backup necessary for wind/solar grid stability are included. Because ocean waves energy generation is much more persistent and much more predictable than wind and solar, we are suited for base load supply with little-to-no backup need for grid stabilization--major cost and planning savings. Yet ocean wave solutions continue to be lumped into the variable renewable basket of renewable energy sources.
In addition, ocean wave energy density is much higher than wind energy density. The efficiency of our solution capturing this wave energy is significantly higher than wind turbines, indicating further wave energy cost reductions versus wind as the Atargis WEC device deployments scale.
How do we break through the confusion about the significant advantages, low cost, and widespread base load generation that this represents?