Title :
Economic Factors and Incentives for Ocean Wave Energy Conversion
Author :
Vining, J.G. ; Muetze, A.
Author_Institution :
Univ. of Wisconsin-Madison, Madison
Abstract :
Ocean energy conversion systems have recently seen renewed interest, stimulated mostly by today´s increasing energy discussions. In addition to ocean current energy converters, several commercial ocean wave energy projects have already been undertaken, but no clear economic model exists for developers to follow. Therefore, this paper focuses on U.S. economic factors that affect the use of wave power for generation of electric energy. These are addressed with regards to economic and business incentives for renewables and wave energy. The paper also investigates incentive programs needed to promote wave energy conversion technology.
Keywords :
ocean waves; power system economics; renewable energy sources; wave power generation; economic factors; economic incentives; ocean current energy converter; ocean wave energy conversion incentive; renewable energy; Business; Costs; Energy conversion; Government; Marine technology; Ocean waves; Power generation; Power generation economics; Power system economics; Renewable energy resources;
Conference_Titel :
Industry Applications Conference, 2007. 42nd IAS Annual Meeting. Conference Record of the 2007 IEEE
Conference_Location :
New Orleans, LA
Print_ISBN :
978-1-4244-1259-4
Electronic_ISBN :
0197-2618
DOI :
10.1109/07IAS.2007.119
