UMass 2-Body WEC Techno-Economic Assessment

The University of Massachusetts (UMass) is developing a 2-body wave energy converter (WEC) device that is converting mechanical power into electricity using a mechanical motion rectifier that allows the system to couple to a flywheel. UMass has completed numerical modeling, wave tank testing, and PTO sub-system testing and needed assistance in developing a techno-economic model to enable optimization of their topology, comparison to a generic heaving point absorber topology, and guide the next steps in their development efforts. The core objective was to develop a techno-economic approach and modeling tool that allows benchmarking of the two topologies across a wide range of scales to evaluate their respective competitiveness in different application spaces. This data includes the final report as well as a supporting spreadsheet containing the data produced for this report.