Webinar: Developing and implementing optimisation tools
Image courtesy of Exceedence
29 January 2018
3.00pm (Brussels, Berlin, Paris)
2.00pm (London, Dublin, Lisbon)
Raymond Alcorn, Exceedence
Encarni Medina-Lopez, University of Edinburgh
Optimisation tools can streamline ocean renewable energy project planning, with features ranging from optimal array designs to financial analyses. Projects using optimisation tools are more likely to be successful. They also gain a method for assessing and comparing performance which can be useful for future decisions and in stage-gate programmes.
This webinar discusses different optimisation tools and their role within ocean renewable energy projects.
- Optimisation tools can have an important impact on the development of wave and tidal energy projects by proving reliability and availability, providing investor confidence, and LCOE reduction by for example the optimisation of the location (increasing power performance), cost per unit (device geometry) and reducing OPEX. The optimisation tools provide the possibility to make informed and robust decisions within the project. This will lead to cost reductions; this is of great importance to the sector.
- Developing and gathering a reliable and complete database with real (resource) data, for example an open source repository, can help with the optimisation results and validation.
- Standards are used where possible to validate the tools.
- Sensitivity analysis on a case-by-case basis can indicate what aspects in ocean energy projects will have the biggest impact on the project, from adjustment of location to structural integrity.