Fig. 1: Scenario numbering according to relative cost targets of offshore wind and wave energy.
From: Offshore wind and wave energy can reduce total installed capacity required in zero-emissions grids
The row labels describe which technology wave energy is assumed to reach cost parity by 2050 in each of the 25 scenarios designed for this study. Note that a 50% cost reduction for wave energy corresponds to $1732.50/kW overnight cost and $52.70/kW-yr O& m cost for wave energy in 2050. The column labels describe which offshore wind NREL 2022 ATB scenario is assumed for the cost of offshore wind energy in each of the 25 scenarios designed for this study. *Derived by offsetting an NREL 2022 ATB projection.
