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Qualitative risk analysis on wave energy technologies

Wave energy as an industry is yet to emerge as a reliable energy technology. As of now, no wave energy device is said to be a commercial success. Survival in the harsh ocean environment, the low frequency of waves and the variability of wave resources are the basic challenges that a wave power concept or a developer has to overcome. In addition to these challenges, there are number of other barriers such as economic and regulatory risks which hinder the development. A number of concepts or devices have failed one after another, to be commercially successful. Many of the failures were due to economic reasons and others were due to technical or environmental factors. Mistakes or failures can be repeated if they are not shared within the industry. This thesis attempts to identify the barriers to wave energy concepts and to analyse them qualitatively.  Efforts have been taken to include the previous instances of failures and their causes so as to avoid them in future. The data was collected through literature review of published papers, reports, news articles and through a survey which was distributed among  experts in the industry and academia.  It can be seen that one barrier can trigger others and that they are interconnected. In the same way, solving one barrier can clear the others too. The risks faced by wave energy technologies are identified, analysed and some mitigation methods are discussed.

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-423092
Date January 2020
CreatorsBliss, Nice Sam
PublisherUppsala universitet, Institutionen för elektroteknik
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, info:eu-repo/semantics/bachelorThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess
RelationELEKTRO-MFE ; 20013

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