Swedish wave energy company, Eco Wave Power has developed a new software for real-time production verification. In addition to guaranteeing production efficiency, it also allows for the timely maintenance of the wave energy power plants.
The company's R&D and engineering department used extensive analysis of the global wave energy industry and found a strong need for the possibility of real-time production verification, which has a key impact on the possibility of the wave energy sector to secure debt financing and also impact on maintenance processes, including cost minimisation and duration.
The ensuing research focused on developing a computer system connected to a wave measuring technology on the one side and to the wave energy conversion unit, on the other side. The aim of which will be to provide a complete and fast live report of the current efficiency status of production of each wave energy module in a wave energy power plant.
The result is the preventative-predictive and corrective smart Wave Power Verification (WPV) software. The software can speed up efficiency verification of the different sub systems of wave energy generation technologies, as well as detect failures in wave modules instantly.
Eco Wave Power’s team of engineers currently work to finalise the development of the WPV (Wave Power Verification) project, which will get its first trial launch in the EWP-EDF One project, which is financed by the Israeli Energy Ministry and EDF Renewables IL.
Inna Braverman, Founder and CEO of Eco Wave Power says, "With this software, Eco Wave Power will put an end to some of the prevailing problems in the wave energy industry – which significantly affect commercialisation efforts – by verifying the production, while predicting the failures. As soon as we will finalise the software’s development, we will add it to our product portfolio. We plan to release the software for use by third parties, such as other wave energy developers, as well as relevant research institutions and leading universities, through unique licensing agreements. We strongly believe that the production of clean electricity from the waves is an important segment for the fight against climate change and are looking forward to contribute to the sector’s rapid development and commercialisation."