State of art and economic evaluation of wave energy converters. A case study

Abstract

The even increasing energy demand in the world is a relevant problem for the modern society. The energy supply from fossil fuels has become a critical aspect due to the progressive reduction of reserves and political instability among the Countries. For these reasons, the exploitation of renewable energy sources is looked with a great interest. In this context, solar, wind, geothermal, hydropower, and biomass can be successfully used through commercial technologies. Other potential renewable energy sources could have potential applications in the next future. Among these, sea wave is considered a very promising energy source, especially for small islands. In this context, the paper propones a new configuration of wave energy converter, analyzing the economic aspects for a potential realization in the Mediterranean Sea.