IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v248y2025ics0960148125007451.html
   My bibliography  Save this article

Life cycle cost analysis of unmanned surface vehicle from ENDURUNS and MERLIN projects powered by renewable energies: A real case study

Author

Listed:
  • Segovia Ramírez, Isaac
  • García Márquez, Fausto Pedro
  • Bernalte Sánchez, Pedro José
  • Papaelias, Mayorkinos

Abstract

The deployment of unmanned surface vehicles is rising, with new technologies and monitoring systems to enhance seabed monitoring. This paper shows a comprehensive cost analysis of an unmanned surface vehicle designed and developed in the European projects called ENDURUNS and MERLIN, which is powered by renewable energies. The study implements the UNE-EN-60300 standard to examine the life cycle cost, considering key expenses and revenues over 10 years and estimating failure rates. Net Present Value is implemented for the economic viability analysis of the vehicle through the simulation of two financial scenarios: the company assumes the investment, or, in another case, it is used as a credit loan. The effect of the discount rate on net present value is studied for unmanned surface vehicles compared to conventional unmanned surface vehicles. The conclusions of this study determine the economic viability of the vehicle in all scenarios, reaching the million euros difference of the same scenario comparing the ENDURUNS/MERLIN vehicle with conventional vehicles.

Suggested Citation

  • Segovia Ramírez, Isaac & García Márquez, Fausto Pedro & Bernalte Sánchez, Pedro José & Papaelias, Mayorkinos, 2025. "Life cycle cost analysis of unmanned surface vehicle from ENDURUNS and MERLIN projects powered by renewable energies: A real case study," Renewable Energy, Elsevier, vol. 248(C).
    • Handle: RePEc:eee:renene:v:248:y:2025:i:c:s0960148125007451
    DOI: 10.1016/j.renene.2025.123083
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148125007451
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2025.123083?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:248:y:2025:i:c:s0960148125007451. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.