Project: Economic Value of Ocean Energy

Acronym EVOLVE (Reference Number: 5116)
Duration 01/01/2021 - 31/12/2022
Project Topic On the path towards meeting European and global emissions and renewable generation targets, one of the key challenges is maintaining a secure, reliable electricity supply with high penetrations of renewable generation.This project will consider and model future energy generation, supply (distribution, balancing and storage/back-up) and demand scenarios to evaluate whether, and if so where and how, Ocean Energy (OE)options can make a significant positive and profitable contribution to future energy systems as secure, clean and efficient sources of energy.The results will strengthen the case for the development of ME within a diverse energy mix in supporting emissions reduction and renewables targets in a cost-effective way whilst maintaining requirements for security of supply. A transnational collaborative partnership between research institutions, technology developers and industry organisations provide multiple channels for both input data and dissemination. The results of the project are intended to be catered to a wide range of stakeholders in the ME value chain, including technology developers, regulators, policymakers, electricity system operators and project investors.
Call OCEANERA-NET Cofund Call Joint Call 2019

Project partner

Number Name Role Country
1 Aquatera Ltd Coordinator United Kingdom
2 University of Edinburgh Partner United Kingdom
3 WavEC – Offshore Renewables Partner Portugal
4 Research Institutes of Sweden Partner Sweden
5 CorPower Ocean Partner Sweden
6 Orbital Marine Power Partner United Kingdom