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Jointly developed by Wood and Exceedence, the OptiWave platform combines two software tools, Exceedence Finance, a techno-financial modelling package that performs detailed financial appraisals, and Flexcom Wave, an offshore marine energy engineering simulator that provides enhanced insight into power generation capabilities and structural designs.
OptiWave was used to optimise the design of Sea Power Ltd.'s attenuator, an innovative wave energy device that reached TRL 7 in January 2018. For the AMETS test site off the west coast of Ireland, the optimised device design showed a 7% increase in power production over a previous engineering assessment, with a corresponding 7% reduction in levelised cost of energy (LCOE). The same device analysed at the Mollison test site also showed an improvement of 11% in power performance using OptiWave, with a 10% reduction in LCOE.
Key benefits of OptiWave: