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DTOceanPlus - Article: Implementing Radical Innovation in Renewable Energy Experience Curves

Cost reductions in nascent forms of Renewable Energy Technology (RET) are essential for them to contribute to the energy mix. Policy intervention can facilitate this cost reduction; however, this may require a significant investment from the public sector. These cost reductions fall into two broad categories: (1) incremental cost reductions through continual improvements to existing technologies, and (2) radical innovation where technologies that significantly differ from the incumbents are developed. This study presents a modelling methodology to integrate radical innovation in RET experience curve and learning investment analysis, using wave energy as an example nascent RET. This aims to quantify the potential effects of radical innovation on the learning investment, allowing the value of successful innovation to be better analysed. The study highlights the value offered by radical innovations in long-term deployment scenarios for wave energy. This suggests that high-risk R&D efforts in nascent RET sectors, even with low success rates, could still present significant expected value in offsetting future revenue support.

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Date (Publication)
2021-04-21
Identifier
https://www.france-energies-marines.org/ba70de88-6f3f-4d6a-a8d8-b6921b833fd4
Credit
DTOceanPlus
Status
Completed
Author
  University of Edinburgh - Paul Kerr
Theme
  • innovation
  • renewable
  • energy
GEMET - INSPIRE themes, version 1.0
  • Environmental monitoring facilities
France Energies Marines - Data Types
  • /Documents/Journal Article
France Energies Marines - Facades
  • /Metropolitan France/South Atlantic
  • /Metropolitan France/Eastern Channel - North Sea
  • /Metropolitan France/Mediterranean Sea
  • /Metropolitan France/North Atlantic - Western Channel
  • /Metropolitan France
France Energies Marines - Projects
  • /H2020/DTOCEANPLUS
France Energies Marines - Technologies
  • Tidal energy
  • Wave energy
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No limitations to public access
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Free use subject to mentioning the source (at least the name of the producer) and the date of its last update
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Supplier partner is not able to guarantee the accuracy, update, integrity, completeness of data and in particular that they are free of errors or inaccuracies, including location, identification or qualification. No warranty as to the fitness of the data for a particular purpose is made by the supplier partner. Users use the data under their full responsibility, without recourse against the supplier partner whose liability can be incurred due to damage resulting directly or indirectly from the use of this data. In particular, it is up to users to decide, on their own responsibility: the opportunity to use the data; File compatibility of their computer systems; adequacy of the data to their needs; that they have sufficient competence to use the data. The partner supplier is in no way responsible for external elements including data analysis tools, hardware, software, networks ... used to view and / or process data. The user ensures verify the timeliness of the information provided is compatible with the use of it.

Spatial resolution

No information provided.
Metadata language
FrenchFrançais
Character set
UTF8
Topic category
  • Geoscientific information
  • Oceans
  • Environment
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W
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Begin date
2021
End date
2021

Reference System Information

No information provided.
Distribution format
  • pdf ( 1.0 )

OnLine resource
Implementing Radical Innovation in Renewable Energy Experience Curves ( WWW:LINK-1.0-http--publication-URL )

Online article

OnLine resource
Download online article ( WWW:DOWNLOAD )

Download online article

OnLine resource
DTOceanPlus project webpage ( WWW:LINK )

DTOceanPlus project webpage

Hierarchy level
document

Conformance result

Date (Publication)
2010-12-08
Explanation
Article 7, paragraph 1, of Directive 2007/2 / EC corresponds to the technical procedures for interoperability: this is the regulation on interoperability: regulation n ° 1253/2013 of 21 October 2013 amending and supplementing Regulation n ° 1089/2010 of 23 November 2010
Pass
Yes
Statement

The main objective of the DTOceanPlus project was to develop the 2nd generation of a suite of open source software tools for the design and optimization of wave and tidal turbine farms.

Partners of the project: Tecnalia, The University of Edinburgh, Energy Systems Catapult, Wave Energy Scotland, France Energies Marines, WavEC Offshore Renewables, Aalborg University, EDF, Enel Green Power, Naval Energies, Bureau Veritas, IDOM, Nova Innovation, CorPower Ocean, Open Cascade, EDP, Orbital Marine Power, Sabella.

Funding: This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement n° 785921.

File identifier
ba70de88-6f3f-4d6a-a8d8-b6921b833fd4 XML
Metadata language
EnglishEnglish
Character set
UTF8
Parent identifier
DTOceanPlus - Project Sheet e89c9935-c435-45d7-8fc2-c608fe7b9ed8
Hierarchy level
document
Hierarchy level name
Parent
Date stamp
2022-05-16T13:56:38.755Z
Metadata standard name
ISO 19115
Metadata standard version
1.0
Point of contact
  France Energies Marines - RESCORE
525 Avenue Alexis de Rochon , Plouzané , 29280 , France
 
 

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Keywords

energy innovation renewable
France Energies Marines - Data Types
/Documents/Journal Article
France Energies Marines - Projects
/H2020/DTOCEANPLUS
GEMET - INSPIRE themes, version 1.0
Environmental monitoring facilities

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