Industrial Consultancy & Sponsored Research (IC&SR) , IIT Madras
Category – Renewable Energy Technology
Applications -Sustainable Energy, Electricity Generation
Industry – Renewable Energy, Marine Energy Sector, Offshore Engineering
Market – Renewable Energy Market size was valued at USD 769.9 Billion in 2021 and is poised to grow from USD 899.24 Billion in 2022 to USD 3114.73 Billion by 2030, at a CAGR of 16.8% during the forecast period (2023-2030).
Bean-shaped floats:
Hinge-joint connections:
Hydraulic piston-cylinder arrangement:
Gearbox arrangement:
Heave plate:
User Perspective:
Technical Perspective:
Prof. Srinivasan Chandrasekaran
Department of Ocean Engineering
TRL- 4
Technology validated in lab