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dc.contributor.authorSandberg, Aksel Botne
dc.contributor.authorKlementsen, Eirik
dc.contributor.authorMuller, Gerrit
dc.contributor.authorAndres, Adrian de
dc.contributor.authorMaillet, Jéromine
dc.date.accessioned2018-02-23T10:36:18Z
dc.date.available2018-02-23T10:36:18Z
dc.date.created2016-12-08T11:34:46Z
dc.date.issued2016
dc.identifier.citationSustainability 2016, 8(12)nb_NO
dc.identifier.issn2071-1050
dc.identifier.urihttp://hdl.handle.net/11250/2486702
dc.description.abstractAbstract: This paper examines technical and non-technical factors that are critical to the viability of commercialization of wave energy converters in off-grid luxury resorts and small utilities. Critical factors are found by investigating Levelized Cost of Energy, and using the tools PESTEL and Porter’s five competitive forces. Identified factors are then applied on three business cases to investigate their impact on viability. The results show that one of the main challenges facing off-grid commercialization is the few wave energy converter units installed per location, negating the economy of scale that large wave energy farms count on to achieve competitive cost levels. In addition, factors like current cost of energy, available wave resources, distance from shore, infrastructure, supply chain logistics, and electricity demand are found to be deciding factors for viability. Despite these challenges, it is found that there are potentially viable off-grid business cases for commercialization of wave energy converters.nb_NO
dc.language.isoengnb_NO
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.titleCritical Factors Influencing Viability of Wave Energy Converters in Off-Grid Luxury Resorts and Small Utilitiesnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionpublishedVersionnb_NO
dc.rights.holderThe Authorsnb_NO
dc.source.volume8nb_NO
dc.source.journalSustainabilitynb_NO
dc.source.issue12nb_NO
dc.identifier.doi10.3390/su8121274
dc.identifier.cristin1410088
cristin.unitcode222,58,6,0
cristin.unitnameInstitutt for realfag og industrisystemer
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode1


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