Desalination is the perfect match for Wave Energy Conversion: water can be stored for use when there are no waves, and often scarcity of water happens in isolated islands or coastal regions, which have abundant wave resource.

Our smaller size machines, say the R38/50kW or the R38/50-S25kW are perfectly dimensioned to provide water for a small village or a resort, at a cost which is competitive with other methods almost everywhere, as soon as the high voltage grid is not readily available.

Example computation

Here is an example of development, in a good oceanic location (all prices in US $, price for our R38/50-S25kW machines 5 EUR/Watt; Financial model to obtain the final LCOE obtained from Bloomberg):

Capacity factor: 80%

Operating Life: 25 years

Development time: 1 year

Development cost: 90,000$/MW

% Debt 60% – Debt spread on development financing: 450bps over LIBOR

Construction time: 1 year

Construction cost + capital cost + cable cost: 8M$/MW

% Debt 60% – Debt spread on construction financing: 500bps over LIBOR

Operating and maintenance: $90,000/MW/year

Investment Rate of Return (IRR) for the developer: 10%

Resulting Levelized Cost of Energy (LCOE): 164$/MWh (this is the minimum price that the developer can afford to get to obtain the expected IRR. In other words, in any situation in which the energy produced can fetch a price higher than this limit, one of our installations will make sense)