“A Techno-Financial Model of Ocean Grazer’s Hybrid Integration Proposing the Ocean Battery as Deployable On-site Storage Profitability Optimizer for Offshore Renewable Production Plants.”

Di Modugno, Andrea (2021) “A Techno-Financial Model of Ocean Grazer’s Hybrid Integration Proposing the Ocean Battery as Deployable On-site Storage Profitability Optimizer for Offshore Renewable Production Plants.”. Design Project, Industrial Engineering and Management.

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Abstract

In the last decades, the renewable energy market has attracted revived interest as global response against incumbent climate change concerns. Within such habitat operates the Dutch start-up company Ocean Grazer B.V., which aims to disrupt the energy storage market for offshore renewable production farms with its unique design of pumped hydro storage solution: the Ocean Battery. Nonetheless, in order to assess the profitability improvement allowed by the Ocean Battery deployment within offshore farms, Ocean Grazer requires a basic and comprehensive techno-financial model. This would allow the company to strengthen and justify its business model, which rotates around the Ocean Battery deployment, thus captivating a wider spectrum of investors. Consequently, the company assigned the student with the task to fill such a technical gap: a modular and versatile model assessing the profitability improvement, implied in the Ocean Battery deployment as on-site storage device for offshore farms, has been implemented during the design project. Such a financial assessment culminates with the evaluation of two selected key performance indices: namely, the farm LCOE and the LCOG, both described. Therefore, the present report aims to introduce and examine the Techno-financial Model, designed to satisfy Ocean Grazer request.

Item Type:	Thesis (Design Project)
Supervisor name:	Larsen, G.K.H. and Vakis, A.
Degree programme:	Industrial Engineering and Management
Thesis type:	Design Project
Language:	English
Date Deposited:	03 Feb 2021 13:11
Last Modified:	03 Feb 2021 13:11
URI:	https://fse.studenttheses.ub.rug.nl/id/eprint/23873

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