Can Ireland achieve its wave power potential by 2020? Andrew Parish. Presented by. 11 th June wavebob

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1 Can Ireland achieve its wave power potential by 2020? Presented by Andrew Parish 11 th June

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3 Objective (1) 3

4 Impact & Innovation I = P x A x T Impact Population Affluence Technology Capitalism at the Crossroads, SL Hart 04 4

5 Innovative 5

6 Why Innovate? Innovation is the specific instrument of entrepreneurship. the act that endows resources with a new capacity to create wealth. Peter F. Drucker Chief US Innovation Advisor 6

7 Objective (2) Good times will come and go, but one thing is certain. The person who knows how to create good, new ideas and turn them into realities is the one who will prosper no matter what the future brings. LeBoeuf

8 Innovation 2009 We know the country that harnesses the power of clean, renewable energy will lead the 21st century 8

9 Ireland Global mean significant wave height (metres), January Source: SAR imagery 9

Potential resource Offshore wave resource quantified in Irish Wave Energy Atlas (ESBI, 2005) Technical Electrical energy available: 2.

10 Potential resource Offshore wave resource quantified in Irish Wave Energy Atlas (ESBI, 2005) Technical Electrical energy available: TWhe/yr Accessible Electrical Energy: TWhe/yr Upper level is nearly equivalent to Irelands current electrical consumption 10

11 11

Energy Council, 2007 Targets (installed WEC capacity) by 2020: 500 MWe 1.

12 The opportunity Estimated accessible global wave energy resource: 2000 TWh per year 650bn in technology sales Equivalent to global nuclear or hydroelectric generation Source: World Energy Council, 2007 Targets (installed WEC capacity) by 2020: 500 MWe 1.75bn in sales 1360 MWe 4.76bn in sales 1000 MWe 4.25bn in sales 500 MWe 1.75bn in sales 550 Mwe 1.85bn in sales 12

years of research and sea trials; 3 years

in 2006; 1 st to generate electricity from

13 Our company Established in 1999 by entrepreneur & physicist William Dick 10 years of research and sea trials; 3 years of commercial development 1 st sea-trials in 2006; 1 st to generate electricity from waves in Ireland Currently one of top technologies in wave energy c. 12m invested to date Subsidiaries in key-markets: Ireland, UK, US.(Pt) 13

14 Our mission To be the leading global wave power technology company, producing commercial electricity from ocean waves. 14

15 Vision We intend to be to the wave industry what Denmark is to wind. 15

Policy 15 Year Plan of R&D, infrastructure and industry support measures: Objectives: Support the introduction of Ocean Energy Develop an Irish OE industry sector.

16 Policy 15 Year Plan of R&D, infrastructure and industry support measures: Objectives: Support the introduction of Ocean Energy Develop an Irish OE industry sector. Targets: 75 MW by MW by jobs created by (up to 10,000) Three Phases Development Pre-commercial (1) & (2) Commercial

2009 26m Ocean Energy initiative 1 million towards National OE facility in UCC.

500,000 to establish an Ocean Energy Development Unit as part of SEAI.

17 m Ocean Energy initiative 1 million towards National OE facility in UCC. The introduction, of a new feed-in-tariff for wave energy of 220 per MegaWatt Hour. 500,000 to establish an Ocean Energy Development Unit as part of SEAI. 4 million in technology grants in million to support to develop a grid-connected wave energy test site near Belmullet, Co. Mayo. 17

18 Irish facilities Galway Bay ¼ scale 18

19 19

20 Irish facilities Galway Bay ¼ scale Full scale site Open ocean 5MWe - scaleable Reasonable cost of network connection Depth 60-90m North West Mayo 20

21 Collaboration 21

22 The right ingredients..? Policy Access to funding Research Wave Resource Viable Technology Market Tradition 22

23 Human Capital Technical 23

24 Challenge of creativity 24

25 Dataset summary 8318 patent applications More than 50 priority countries More than 2000 patent applicants More than 4000 inventors Priority dates back to early 20 th century Intellectual Property Office is an operating name of the Patent Office

26 Challenge of development time 26

27 Challenge of funding e.g Initial meeting Feb 09 Handshake Jul 09 DD starts Sept 09 Term sheet signed Feb 10 Close date Mar 10 Still waiting 27

Challenge of talent Engineering Mechanical

28 Challenge of talent Engineering Mechanical Structural Hydraulic Electronic Electrical Civil Naval Architecture Marine Offshore 28 Scientists Mathematics Hydrodynamics Modeling & Simulation Code development Physicists Environmental Science Management Commerical Legal etc

29 Challenge of technology KWh Output = Survival (no/yes) x Efficiency (wave to grid) x Reliability 29

30 Wavebob product development Build a little; Test a little; Learn a lot! Calculate; Design; Simulate; Test; Verify; 30

31 Our wave energy converter Power Take-off Torus Tank Mooring Power control and grid 31

marine assets Engineer Wavebob WEC Supply WEC and service Develop wave

32 Our business What we sell Large scale wave farms for public utility applications OPEX savings for offshore oil & gas Power independency for marine assets Engineer Wavebob WEC Supply WEC and service Develop wave projects Operate and maintain Wavebob: technology company Who we sell it to 32

33 Our approach Market pull Best Processes Systems Engineering Best Partners Open Innovation Best People PhD MBA Marine Values Excellence Commercial Partnered Innovative - Respect Commercialisation strategy Innovation IP Winning technology 33

34 Human capital 35 Technical Contribution Wavebob Employment - PhDs in Tech Team Total Staff Technical 10 Technical PhD

35 Challenge of talent supply Wavebob Employment - Source Total Staff Irish

36 Our approach Market pull Best Processes Systems Engineering Best Partners Open Innovation Best People PhD MBA Marine Values Excellence Commercial Partnered Innovative - Respect Commercialisation strategy Innovation IP Winning technology 36

37 Our partners Research Technology Strategic customers Open innovation Funding International network 37

38 Wavebob - STANDPOINT Three year FP7 funded project 250kW grid connected in Portugal 5.1m EC contribution Focussed on demonstration of best practice in design, deployment and operation 38

39 Our approach Market pull Best Processes Systems Engineering Best Partners Open Innovation Best People PhD MBA Marine Values Excellence Commercial Partnered Innovative - Respect Commercialisation strategy Innovation IP Winning technology 39

40 Systems Engineering What we will do How we will do it How we will make money Validation of target markets Program Management Plan Economic Models Validation of engineering requirements Validation of cost targets 40

41 So, Can Ireland rule the waves? How do we score in terms of IP, jobs and wealth creation? 41

42 A new industry? (wave & tidal) Commercial OpenHydro Ltd 55 Wavebob Ltd 25 Tonn Energy 5 SeaPower Ltd 5 Ocean Energy Ltd 3 Others 10 *approx numbers Academic HMRC (UCC) 18 NUI Maynooth 6 UL 5 QUB 6 NUI Galway

Countries Top 30 countries (all) Number of patent applications 0 200 400 600 800 1000 1200 1400 1600 1800 US WO JP GB CN DE NO FR SE ES AU KR DK SU FRT RU IT NL IE GR CA

43 Countries Top 30 countries (all) Number of patent applications US WO JP GB CN DE NO FR SE ES AU KR DK SU FRT RU IT NL IE GR CA FI PT EP BR ZA IL IN GBT HU Countries appearing in Wavebob dataset indicated in purple Intellectual Property Office is an operating name of the Patent Office

44 Top applicants in F03B 13/20 Number of patent applications WAVEBOB LTD IPS INTERPROJECT SERVICE AB WAVEPOWER LTD OCEAN POWER DELIVERY LTD OCEAN POWER TECHNOLOGIES INC FOBOX AS UK GOV ENERGY ALMADA FERNANDO F DE NOREN SVEN ANDERS ARNOLD LEE FALNES JOHANNES NAKANO KAZUO INSITUFORM PIPO SYSTEMS S L BUDAL KJELL HYDAM LTD OTTERSEN HANS-OLAV 40SOUTH ENERGY LTD BAIDAR GARIFOVICH VALIEV MANABE YASUHIRO PREVISIC BRANISLAV PREVISIC MILE SALEN ENERGY AB APPLIED RES & TECH BIRKELAND DAG CENTRE NAT RECH SCIENT KOLP ALBERT Y MARIINA NAILYA BAIDAROVNA PAULI MIKAEL SALTER STEPHEN H Intellectual Property Office is an operating name of the Patent Office

45 The Ocean Energy markets / Attraction Markets Energy intensity Incentives Attractiveness kw/m wave /kwh UK (Scotland) 50 0,4 20 Ireland 70 0,2 14 Norway 40 0,05 0,1 4 Denmark 15 0,1 2 Germany 10 0,1 1 Netherlands 10 0,1 1 Sweden (Bohus) 5 0,1 1 Vattenfall AB 45

46 Utilities like Vattenfall will develop wave farms of utility scale. Vattenfall, on its own, have ambitions for some 30 TWh for Harvesting 30 TWh means an investment of some 15 to 20 b, and an annually O&M cost of 0,5 b. The 0,5 b will probably be split equal between Boats / seamen Workshop / mechanics Workshop / electricians Probably half in Ireland HELP Vattenfall AB 46

47 How to help? Market stimulus competitive tariffs Realistic roadmap; 2010, formulate a spatial plan for Ocean Energy 2011, allocate some sea floor to credible, qualified developers. 2012, design and plan grid capacity required for these first sites 2013, commence construction of the grid capacity 2014, commence construction of the infrastructure (ports, etc) , go through the consenting process for these projects 2017, ramp up to employment, construction and deployment 2020, be the first country to have an open, effective process and 500MW 47

48 Summary The race is on! Ireland has the potential, the technology and the ambition.. We need a sense of urgency and access to funding to turn potential into profits 48

49 49

50 is féidir linn! 50

Update on Ireland Marine Renewables Infrastructure Industry Research. Raymond Alcorn

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