OptiWave up for wave energy streamlining showcase

Illustration (Image: Exceedence; Wood)

The developers of the OptiWave financial and engineering optimization software have organized a free webinar to demonstrate the benefits of the tool for the emerging wave energy sector.

Wave energy device developers require accurate financial projections which are based on detailed engineering models and real-world wave resources to de-risk projects and attract external investment.

Accelerating the development and refinement of innovative designs with genuine prospects is a key challenge for companies, according to companies Wood and Exceedence, which have jointly developed a software solution for such obstacles.

The OptiWave platform, therefore, combines two software tools – Exceedence Finance, a techno-financial modelling package which performs detailed financial appraisals, and Flexcom Wave, an offshore marine energy engineering simulator which provides enhanced insight into power generation capabilities and structural designs.

The developers of the platform have organized a free webinar to demonstrate the benefits of financial and engineering optimization of wave energy systems using OptiWave.

OptiWave software is said to be able to streamline wave energy project planning, with features ranging from optimal device designs to financial analyses.

Projects using optimization tools such as OptiWave are more likely to be successful and to attract private, national and EU funding, according to Wood, and Exceedence.

The speakers at the webinar will be Ray Alcorn, CEO at Exceedence, and Aengus Connolly, Senior Consultant at Wood, who will – among other activities – also present a real-world case study which delivered improvements in annual energy production and reductions in levelized cost of energy.

The webinar requires registration, and will be held on November 14, 2018.

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