Wave energy conversion systems: optimal localization procedure

Wave energy is a renewable and pollution-free energy source that has a potential world-wide contribution to the electricity market estimated in the order of 2,000 TWh/year, which represents about 10% of the world’s electricity consumption with an investment cost of EUR 820 billion. Sea waves have one of the highest energy densities among the Renewable Energy Sources (RES). Today, the largest problem in harvesting wave energy is obtaining reliability of the technology and bringing the cost down.