The European Marine Energy Centre, based in Orkney, announced on 8 April that the three-year Horizon 2020-funded WaveBoost project has drawn to a close. The project has delivered a “step change” improvement in the reliability and performance of wave energy technology.
The WaveBoost project, led by CorPower Ocean, showcased new dynamic seals that resuted in a 70% improvement in friction and a 90% reduction in flow losses compared to the previous product. The improvements enabled the levelised cost of energy to drop by 18-29%, with operational expenditure expected to decrease by up to 30%.
Matt Dickson, Waveboost Project Manager, and Technical Project Manager at CorPower Ocean said: “The successful completion of the H2020 Waveboost project marks a key milestone in our journey and unlocks our progress from Stage 3 into Stage 4 of our program as we scale our wave energy converter technology to full scale.”