Cost of Material and CO2 Footprint 7x Lower per MW for Wave Power compared to Floating Wind Power
Karlskrona/Gothenburg, Sweden; 6 July 2023 – InfinityWEC is a 500 kW wave energy converter with advanced control technology to maximize energy output from every wave, designed to use mainly low cost and low carbon materials. InfinityWEC is suitable for the same areas as floating wind power, in 80 – 200m water depth. A comparison of the material efficiency shows that InfinityWECs cost and CO2 footprint per MW installed capacity are 7x lower compared to floating wind power. The Levelized Cost of Energy (LCOE) is the standard metric for renewable energy technologies. LCOE gives the