Periodic Reporting for period 1 - ARRECIFE (Coral Reef wisdom to capture Wave Energy)
Reporting period: 2018-02-01 to 2018-05-31
Offshore wind farms suffer from variability on their production. Wind turbines don’t produce electricity around 60% of the time. Arrecife’s device can increase the electricity production and thus their income, expediting the payback of the high investment done on the grid infrastructure.
Offshore oil & gas platforms: rely on diesel generators, which require periodic fuel procurement at fluctuating prices and entail carbon emissions. Through combined multi-use platforms, Arrecife offers a continuous onsite, low-cost, carbon-free energy source to safeguard cost structure stability and thus the business profitability. There are over 1,500 oil and gas rigs worldwide including target multinationals.
Islands and remote communities: currently resort to unreliable or almost unaffordable energy. Thus, our system would greatly impact their way of living.
This unique technology means an alternative solution for renewable energy production to minimise climate change and green gases production.
Our next objective is to design, manufacture and test a full-scale system to generate electricity from the waves in a cost-efficient way, creating a new industry, jobs and a new alternative for green energy.
We are currently collaborating with three other companies to design a full-scale prototype, of around 60kW. The idea is to prove the technology and also get a final version of a system for small grid applications.
Wave energy is characterized as a clean and environmentally friendly technology, and this is one of the main benefits that makes it such an attractive and promising energy supply solution. The main social and environmental benefits from the introduction of wave energy in an area, such as CO2 emissions and fossil fuels imports reduction, creation of new job positions, and regional development. In addition, thanks to different studies, we know that the environmental concerns resulting from wave farms, such as noise, visual impacts, and a possible disturbance of the wildlife are low.
Another very interesting issue that is of first priority when examining wave power projects is their social acceptance and public attitude. Methods for reliable impacts assessment, mitigation measures, and future trends in the impacts assessment and their mitigation are also being discussed.