Ocean energy is a promising source of clean renewable energy, with clear development targets set by the European Commission. However, the ocean energy sector faces non-technological challenges and opportunities that are frequently overlooked in deployment plans. The present study aimed to provide a critical evaluation of the ocean energy sector’s legal, institutional, and political frameworks with an identification and analysis of both barriers and enabling features for the deployment of ocean energy. In the first stage, a literature review on the current political and regulatory frameworks of a set of European countries was carried out, setting the basis for the main challenges and enabling factors faced by the sector. Secondly, a critical analysis of the main non-technological barriers and enablers was performed, which was supported by questionnaires sent to regulators, technology developers, and test-site managers. This questionnaire allowed us to collect and integrate the views, perceptions, and personal experiences of the main stakeholders of the ocean energy sector in the analysis. The most relevant insights were collected to guide future policy instruments, supports, and consenting measures in a more informed and effective manner and to help accelerate the development of the sector.

Cost reductions in nascent forms of Renewable Energy Technology (RET) are essential for them to contribute to the energy mix. Policy intervention can facilitate this cost reduction; however, this may require a significant investment from the public sector. These cost reductions fall into two broad categories: (1) incremental cost reductions through continual improvements to existing technologies, and (2) radical innovation where technologies that significantly differ from the incumbents are developed. This study presents a modelling methodology to integrate radical innovation in RET experience curve and learning investment analysis, using wave energy as an example nascent RET. This aims to quantify the potential effects of radical innovation on the learning investment, allowing the value of successful innovation to be better analysed. The study highlights the value offered by radical innovations in long-term deployment scenarios for wave energy. This suggests that high-risk R&D efforts in nascent RET sectors, even with low success rates, could still present significant expected value in offsetting future revenue support.

The design of effective and economically viable wave energy devices involves complex decision-making about the product based on conceptual design information, including stakeholder requirements, functions, components and technical parameters. The great diversity of concepts makes it extremely difficult to create fair comparisons of the relative merits of the many different designs. Conventional design approaches have proved insufficient to guarantee wave energy technologies meet their technical and economic goals. Systems engineering can provide a suitable framework to overcome the obstacles towards a successful wave energy technology. The main objective of this work is to review the well-established systems engineering approaches that have been successfully implemented in complex engineering problems and to what extent they have been applied to wave energy technology development. The paper first reviews how system information can be organised in different design domains to guide the synthesis and analysis activities and the definition of requirements and metrics, as well as the search for solutions and decision-making. Then, an exhaustive literature review on the application of systems engineering approaches to wave energy development is presented per design domain. Finally, a set of conclusions is drawn, along with some suggestions for improving the effectiveness of wave energy technology development.

Current wave energy development initiatives assume that available designs have the potential for success through continuous learning and innovation-based cost reduction. However, this may not be the case, and potential winning technologies may have been overlooked. The scenario creation tool presented in this paper provides a structured method for the earliest stages of design in technology development. The core function of the scenario creation tool is to generate and rank scenarios of potential Wave Energy Converter (WEC) attributes and inform the user on the areas of the parameter space that are most likely to yield commercial success. This techno-economic tool uses a structured innovation approach to identify commercially attractive and technically achievable scenarios, with a scoring system based on their power performance and costs. This is done by leveraging performance and cost data from state-of-the-art wave energy converters and identifying theoretical limits to define thresholds. As a result, a list of scored solutions is obtained depending on resource level, wave energy converter hull shape, size, material, degree of freedom for power extraction, and efficiency. This scenario creation tool can be used to support private and public investors to inform strategy for future funding calls, and technology developers and researchers in identifying new avenues of innovation.