MS Thesis R. Hager - Hawaii National Marine Renewable Energy ...
MS Thesis R. Hager - Hawaii National Marine Renewable Energy ...
MS Thesis R. Hager - Hawaii National Marine Renewable Energy ...
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for various projects. Included in the cost of electricity generation are the capital cost, operation andmaintenance (O&M) cost, the annual running cost, and the average annual power output. Thecapital cost, installation cost, and O&M cost are presented in Figures 1.4 to 1.6. A cost comparisonfrom Thorpe’s data is presented in Table 1.1.Figure 1. 2 Capital Cost Breakdown/Unit (Thorpe, 1999)Figure 1. 5 O&M Cost/Unit (Thorpe, 1999)Figure 1.6 Capital Cost for Installation Breakdown/ Unit (Thorpe, 1999)Table 1.1 Wave <strong>Energy</strong> Conversion Device Costs (Thorpe, 1999) (Discount rate of 8%)Device Capital Cost O&M Cost AdditionalAnnual CostLimpet 850,000-1,160,000poundsOsprey 36.8 millionDuck(1998)pounds2.4 billionpounds /334ducks13AverageAnnual PowerOutputElectricity Cost23,000 pounds 206 kWh 6.5pounds/kWh388 thousandpounds74 millionpounds/yr.365,000pounds2 GW/334ducks5.0pounds/kWh5.3pounds/kWhPS Frog 1.1 million 44,000 pounds 21,000 pounds 2.0