COST

A solution needs to be bankable and competitive to succeed, so competitive energy cost and an attractive return on investment is essential.

Havkraft is determined to provide wave power technology that is competitive against any other energy source in a broad spectrum of market segments. Our aim is not to make cheap products with a short lifespan. On the contrary, we wish to mass-produce high quality items that can operate for decades and that are easy to maintain, repair and upgrade. Being a solution without movable mechanical parts in contact with the sea, our solutions can operate with low O&M costs for decades to come.

As a transparent example, a standard OceanONE power plant placed in a 25 kW/m wave climate is presented. An OceanONE power plant currently incurs a CAPEX of approximately USD 3 million/MW with a target of approximately USD 2 million/MW through continuous development efforts.

Please note that costs presented here are intended as an illustration of an overall budget framework for the platform, and deviations from this will occur associated with each specific project.