Through the U.S. Department of Energy’s TEAMER™ program, Resolute has engaged with Re Vision Consulting to develop a suite of techno-economic optimization tools that will allow it to easily adapt and optimize its Wave2OTMtechnology to a wide range of site conditions. The effort will focus on the development of parametrically scalable cost and economic models and explore alternate development pathways that could enable rapid cost-reduction pathways through a series of sensitivity studies and cost validation.
About Resolute Marine: Resolute is developing an innovative technology that harnesses ocean wave energy to produce fresh water and electricity in off-grid areas of the world and provide relief from the harmful economic and social effects of water scarcity. RME’s principal goal is to improve access to clean water for coastal populations and agricultural operations in developing countries and islands and to displace the diesel-powered systems that are in common use worldwide.
About Re Vision Consulting: (www.re-vision.net), has been a leader in furthering industry-wide development in hydro-kinetic energy resources for more than 15 years and has developed techno-economic assessments for a wide range of stakeholders, including among others; the U.S. Department of Energy, NREL, Sandia National Laboratories, the Electric Power Research Institute (EPRI), the International Energy Agency (IEA), private equity investors, utilities, and technology developers.
About TEAMER: The Testing Expertise and Access for Marine Energy Research (TEAMER™) program, sponsored by the U.S. Department of Energy and directed by the Pacific Ocean Energy Trust, was established to help technology developers refine their most promising technologies and progress them towards commercial viability. TEAMER’s 2-3 annual open funding calls support developers seeking access to the nation’s best facilities and experts.