Improved yield, lifetime and LCOE of floating solar power plants

A rapidly growing renewable energy market, in Europe and globally, represents immense possibility. Floating solar (FPV) will be one significant niche of renewable energy, with well documented potential, both globally and in Europe. Ocean Sun’s core innovation, a floating power system with solar panels mounted on a thin hydroelastic membrane, offers a unique solution to the world’s energy needs. Ocean Sun has several times demonstrated its capabilities, with several pilots in long term operation and with contracts signed for large scale systems. In this project, Ocean Sun will realize and quantify some of the competitive advantages of their unique technology. Including increased energy yield, extended system lifetimes and reduced LCOE. With the innovations carried out in this project, Ocean Sun will be competitive in significantly larger markets and secure larger projects in existing markets. Hence, Ocean Sun will be well positioned to realize the great potential of FPV as an important part of the solution to the global demand for renewable energy.

A rapidly growing renewable energy market, in Europe and globally, represents immense possibility. Floating solar (FPV) will be one significant niche of renewable energy, with well documented potential, both globally and in Europe. Ocean Sun’s core innovation, a floating power system with solar panels mounted on a thin hydroelastic membrane, offers a unique solution to the world’s energy needs. Ocean Sun is on the brink of commercial breakthrough, with several pilots in long term operation and with contracts signed for large scale systems. In this project, Ocean Sun will realize and quantify some of the competitive advantages of their unique technology. Including increased energy yield, extended system lifetimes and reduced LCOE. This will be done through thermomechanical modelling, performance assessment of existing and planned FPV plants, improved operation and maintenance routines, quantification of relative module lifetime extension due to reduced thermal stress and quantification of the impact on water body. With the innovations carried out in this project, Ocean Sun will be competitive in significantly larger markets and secure larger projects in existing markets. Hence, Ocean Sun will be well positioned to realize the great potential of FPV as an important part of the solution to the global demand for renewable energy.