Energy transition on small islands is limited by the scarce availability of land, restricting large-scale implementation of onshore renewable energy technologies such as solar photovoltaics and wind power. Ocean energy technologies provide novel opportunities for land-constrained islands to achieve 100% renewable energy systems. While wave power is increasingly implemented in energy system modelling research, ocean thermal energy converters are not yet a standard technology in renewable energy technology portfolios. This research aims to study the impacts of ocean thermal energy converters on the energy system of the Maldives through a structured sensitivity analysis for the two scenario clusters covering e-fuel import and domestic production. The ocean thermal energy conversion plants are modelled using spatially and temporally resolved resource data and cost assumptions from a global upscaling scenario, considering the technology's current development stage. Results show that ocean thermal energy converters play a limited role in 'purely' cost-optimised sub-scenarios due to the availability of very low-cost offshore floating photovoltaics, making it difficult for them to compete. Nevertheless, reduced requirement of energy storage technologies due to the stable electricity production of ocean thermal energy converters offers an option to diversify the renewable energy technology portfolio with only a minor increase in cost.

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Climate change is driving the adoption of sustainable energy, with low-cost solar photovoltaics and wind power at the forefront. However, land-constrained regions and islands have a limited onshore renewable energy potential. Wave power may prove useful for such regions, supported by growing literature in the field. This study delves into wave power's techno-economic potential, addressing a gap in previous assessments focused solely on theoretical or technical prospects. Utilising hourly wave data and a wave energy converter manufacturer's power matrix, global wave electricity yield is estimated. Considering projected costs, levelised cost of electricity is used to gauge economic viability. Although wave power is currently expensive, the results suggest that it could become cost-competitive with offshore wind power in the 2030s, with levelised cost of electricity below 70 €/MWh by 2035 in areas with good wave energy resources. Finally, the paper contributes openly accessible, hourly capacity factor data of global wave power generation, empowering further energy system modelling research. This study paves the way for informed decision-making on wave power's role in a diversified, sustainable energy future.

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Mitigating climate change requires a variety of energy technologies and energy simulation approaches to evaluate the best possible system structures. Screening whether novel technologies are a viable solution for a particular country within a cost-optimised system setup is usually simulation- and time-intensive. This study introduces the novel add-on optimisation tool EP-ALISON-LUT for use in combination with EnergyPLAN applied to the test case of wave power in the case of Seychelles in 2030 and 2050 within a structured sensitivity analysis. The tool enables a high number of possible system setups and scenarios, including the import and domestic production of electricity-based fuels, to be modelled, allowing for an in-depth view of the system impacts of integrating wave power. The results indicate a limited role for wave power due to its relatively low yield, especially in 2030. However, in 2050, up to 500 MW of wave power capacity is possible with a lower or similar levelised cost of final energy compared to the reference scenario in 2019, which can benefit the diversification of the power generation portfolio. Thus, this novel tool is fast and effective in technology screening studies requiring a fast optimisation algorithm.@en