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Making wave energy competitive with wind and solar energy

Objective

HACE brings to market the first multi-chamber oscillating water column. Unlike other wave energy converter (WEC) technologies that can harvest energy from a limited wave spectrum, our unique technology can generate power from all types of waves. Our low-cost and low-weight device is able provide 10-15x the energy output per ton compared to state-of-the art WECs and its simple maintenance can reduce operating costs by a factor of 2x. These innovations will drive the levelized cost of energy (LCOE) of wave energy below 50 Euros / MWh for the first time. Led by its lead inventor and supported by a skilled technical and business team, the HACE team has developed and validated between 2013 and 2017 its first scaled device with an initial funding of €1M and support from key technical partners such as SOGETI High Tech, ENSAM and Ingeliance. This breakthrough innovation has been recognized with the TransTech Award in 2015 and the E5T Energy Transition Prize in 2017. HACE already received commercial interest from several utilities (Akuo Energy, JIRAMA, TOTAL) and will use this phase 1 project to identify at least one full-scale demonstration customer. HACE estimates a demand from utilities of 19 power plants in 2022 (8x66kW, 4x200kW and 4x1MW, 2x5MW, 1x10MW) corresponding to a revenue of 67M Euros and generating 37 direct jobs and 120 indirect (ecosystem) jobs.

Field of science

  • /social sciences/economics and business
  • /engineering and technology/environmental engineering/energy and fuels/renewable energy/solar energy

Call for proposal

H2020-SMEInst-2018-2020-1
See other projects for this call

Funding Scheme

SME-1 - SME instrument phase 1

Coordinator

HYDRO AIR CONCEPT ENERGIE
Address
1 Allee Jean Rostang, Technopole Bo
33650 Bordeaux
France
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 50 000