A techno-economic analysis of tidal energy technology

Cameron Johnstone, D. Pratt, Joseph Clarke, Andrew Grant

Research output: Contribution to journalArticle

35 Citations (Scopus)

Abstract

The choice of which type of electrical power generation technology to adopt is driven by a number of factors including: cost of generated electricity; responsiveness of generating plant to demand; security of supply/resource availability; environmental impact; and execution risk. Within these, tidal energy is unique as a renewable technology since it has the capability of providing predictable, firm power contributing to security of supply. This predictability gives tidal energy additional value in a future electricity market. Especially one where stochastic renewable technologies contribute to a sizable component of the power supplied; and where reserve capacity is required to maintain supply during periods of non-availability. In the shorter term, in order for tidal energy to gain commercial acceptance, tidal technologies under development need to produce electricity at a competitive price. This paper examines the drivers influencing electricity pricing; current tidal energy developments, aimed at reducing capital costs; and bench-mark these against offshore wind.
LanguageEnglish
Pages101-106
Number of pages6
JournalRenewable Energy
Volume49
Early online date12 Mar 2012
DOIs
Publication statusPublished - Jan 2013

Fingerprint

Economic analysis
Electricity
Costs
Power generation
Environmental impact
Availability

Keywords

  • tidal energy
  • wave energy
  • off-shore wind power
  • firm power
  • security of supply
  • economic analysis

Cite this

@article{d2578bf0886146648e59846ee07e35db,
title = "A techno-economic analysis of tidal energy technology",
abstract = "The choice of which type of electrical power generation technology to adopt is driven by a number of factors including: cost of generated electricity; responsiveness of generating plant to demand; security of supply/resource availability; environmental impact; and execution risk. Within these, tidal energy is unique as a renewable technology since it has the capability of providing predictable, firm power contributing to security of supply. This predictability gives tidal energy additional value in a future electricity market. Especially one where stochastic renewable technologies contribute to a sizable component of the power supplied; and where reserve capacity is required to maintain supply during periods of non-availability. In the shorter term, in order for tidal energy to gain commercial acceptance, tidal technologies under development need to produce electricity at a competitive price. This paper examines the drivers influencing electricity pricing; current tidal energy developments, aimed at reducing capital costs; and bench-mark these against offshore wind.",
keywords = "tidal energy, wave energy, off-shore wind power, firm power, security of supply, economic analysis",
author = "Cameron Johnstone and D. Pratt and Joseph Clarke and Andrew Grant",
year = "2013",
month = "1",
doi = "10.1016/j.renene.2012.01.054",
language = "English",
volume = "49",
pages = "101--106",
journal = "Renewable Energy",
issn = "0960-1481",

}

A techno-economic analysis of tidal energy technology. / Johnstone, Cameron; Pratt, D.; Clarke, Joseph; Grant, Andrew.

In: Renewable Energy, Vol. 49, 01.2013, p. 101-106.

Research output: Contribution to journalArticle

TY - JOUR

T1 - A techno-economic analysis of tidal energy technology

AU - Johnstone, Cameron

AU - Pratt, D.

AU - Clarke, Joseph

AU - Grant, Andrew

PY - 2013/1

Y1 - 2013/1

N2 - The choice of which type of electrical power generation technology to adopt is driven by a number of factors including: cost of generated electricity; responsiveness of generating plant to demand; security of supply/resource availability; environmental impact; and execution risk. Within these, tidal energy is unique as a renewable technology since it has the capability of providing predictable, firm power contributing to security of supply. This predictability gives tidal energy additional value in a future electricity market. Especially one where stochastic renewable technologies contribute to a sizable component of the power supplied; and where reserve capacity is required to maintain supply during periods of non-availability. In the shorter term, in order for tidal energy to gain commercial acceptance, tidal technologies under development need to produce electricity at a competitive price. This paper examines the drivers influencing electricity pricing; current tidal energy developments, aimed at reducing capital costs; and bench-mark these against offshore wind.

AB - The choice of which type of electrical power generation technology to adopt is driven by a number of factors including: cost of generated electricity; responsiveness of generating plant to demand; security of supply/resource availability; environmental impact; and execution risk. Within these, tidal energy is unique as a renewable technology since it has the capability of providing predictable, firm power contributing to security of supply. This predictability gives tidal energy additional value in a future electricity market. Especially one where stochastic renewable technologies contribute to a sizable component of the power supplied; and where reserve capacity is required to maintain supply during periods of non-availability. In the shorter term, in order for tidal energy to gain commercial acceptance, tidal technologies under development need to produce electricity at a competitive price. This paper examines the drivers influencing electricity pricing; current tidal energy developments, aimed at reducing capital costs; and bench-mark these against offshore wind.

KW - tidal energy

KW - wave energy

KW - off-shore wind power

KW - firm power

KW - security of supply

KW - economic analysis

UR - http://www.journals.elsevier.com/renewable-energy

U2 - 10.1016/j.renene.2012.01.054

DO - 10.1016/j.renene.2012.01.054

M3 - Article

VL - 49

SP - 101

EP - 106

JO - Renewable Energy

T2 - Renewable Energy

JF - Renewable Energy

SN - 0960-1481

ER -