Grid Value Proposition of Marine Energy

PNNL and NREL are in the second year of a three-year project to comprehensively review the grid value for marine hydrokinetic development at scale on an intermediate- to long-term horizon. The project will dovetail with nationally-accelerating valuation efforts to characterize and quantify specific services from generating resources and estimate the value of those services over time. It will capitalize on the larger conversation and technical approach to establish locational value, referencing adopted frameworks and related laboratory analysis. And it will take advantage of laboratory expertise in a variety of disciplines – ocean physics, mechanical engineering , electrical engineering, energy economics – chained together in order to ensure that benefits and services assessed are realistic for MHK technologies and ocean energy resources.