We Capture the wave's power and transform it into electricity by ARRECIFE SYSTEMS
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Judge 1: An interesting concept for islands and off-shore facilities, although new approach on energy generation from waves has been now around from a long time. The biggest hurdle is the LCOE. From a very early analysis, it seems that this technology would not be competitive versus other renewable energy technologies. Maybe it may make sense in some small island /coastal areas with technological limits to solar or wind, but the potential of the application seems limited.
Judge 2: This is an interesting concept for islands and off-shore facilities. Why not consider Greece, a country with a lot of islands? And some islands in developing countries that lack access to electricity and pay a lot for what they have?
The author did not address all of judge's comments in previous round, in particular cost comparison with alternatives. If the proposed product replaces diesel engines, then it would have many other benefits (besides those mentioned in the proposal), such as avoiding particulate matters and other air pollution (in addition to CO2 and reducing oil dependency), though a cost analysis needs to be done.
Judge 3: This is a serious proposal and the submitters have the right experience and background to move this forward. This definitely improved from the last round and addressed my questions / concerns. I'm intrigued to see what's next for them!
Energy generation from waves is not a new idea but this proposal presents an interesting approach by focusing on solutions that could be implemented in small island states and other regions of the world. Cost comparison with other similar technologies should be further elaborated. Furthermore, it seems that the benefits (as financial gains) presented here are those gains to the firm proposing this technology. The main interest should be on alternative electricity generation and how this proposed technology lowers costs and does not present a burden to society, as beneficiaries will probably be population with low income and with low ability to pay. So a critical aspect is to ensure more detail presentation of alternative options and their costs and benefits. LCOE will not include other financial costs (debt, cost of financing).
Oct 31, 2017
Thanks for the feedback.
I've made some changes on the customer side and also I tried to add some info about the costs and the comparison with other renewables.