2012 - Testing & Cost of Energy Report
Phase 2 was a year-long desk engineering study with the aim of fully understanding how the advantages of the WaveSub would translate into a low levelised cost of energy. This project comprised: an energy generation simulation exercise, design feasibility and costings of all parts of the WaveSub structure, installation and systems; and the costing of a maintenance plan for the WaveSub. All cost of energy calculations were carried out in-line with best practices established by the Carbon Trust and the ETI.
The results of this study further validated that the advantages of the WaveSub translate into a device capable of achieving a highly competitive cost of energy. As a result of this phase, MPS and its shareholders made the decision to proceed with the design & manufacture a 1:4 scale prototype to demonstrate the device at Technology Readiness Level (TRL) 6.
In addition, MPS continued in parallel completing tank testing of the 1:25th scale prototype at the Plymouth COAST laboratory. Detailed analysis allowed to the team to accrue further data and increase knowledge of optimising the technology.
An application for further grant funding to support the detailed design of the 1:4 scale prototype was made to the Welsh Government.