1 oceanenergy limited mayors conference, 5 th march 2011 john keating, commercial director
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OceanEnergy Limited
Mayor’s Conference, 5th March 2011John Keating, Commercial Director
In 2008, 80%-90% of total worldwide energy consumption was derived from the combustion of fossil fuels.
Global Energy Use
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Currently, 50% of the world’s population lives within 40 miles of a coast line. The sea represents a limitless source of clean, renewable power.
Global Wave Energy Markets
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Founded in 2001 by Michael Whelan and John McCarthy
Focus on commercial Wave Energy Devices.
Quarter Scale live Sea state testing completed
OceanEnergy, The Company
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OceanEnergy- Technology
• Simple Design and Ease of Construction
• One moving part• Low mooring forces –vastly
improved survivability
• Low Maintenance• Plug/Unplug away
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OceanEnergy Buoy- Operation
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Galway Bay Case Study
Galway Bay
Galway Bay selected as test site for first quarter-scale model because it represents a full range of Atlantic Ocean conditions
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Galway Bay, 1:4 Test Device
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Galway Bay Results: 2006-2009
After 21,900 hours of testing, OceanEnergy’s technology proved its capability under a number of headings:
Survivability, effective and efficient functionality confirmed in open sea testing with wave heights scalable to over 100 feet (32 meters) experienced
Full-scale energy output , enough to power 1,500 homes for a year
Device design, which resulted in low mooring tensions that kept device safely in place
The OceanEnergy technology may be adapted to suit different wave climates
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Development Protocol and TRL Progression
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Galway Bay Case Study
Commercialization Full-Scale Device
Live Sea Trials Three Quarter-
Scale Device
Live Sea Trials
Quarter-Scale Device
ECN, HMRC** 1:15-Scale Device
UCC, HMRC* Half-Scale Device
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012>
COMPLETED STAGES
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* University College Cork, Ireland – Hydraulics & Maritime Research Centre** Ecole Centrale de Nantes, France – Hydraulics & Maritime Research Centre
Moorings Installation
Design, Testing and Fabrication
OE Buoy Performance
0 2 4 6 8 10
Significant Wave Height
Po
we
r
1:50 Tests1:15 TestsGalway Bay Tests
OE Buoy Performance
Wave Energy, Cork’s Commercial Opportunity
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Wave Energy and Job CreationWave energy is expected to create approximately 8 jobs per megawatt installed
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Manufacturing = 71%
Installation = 7%
Operations & Maintenance = 12%
Other Direct Employment = 10%
Government Strategy and Targets
• Government Target 2012 ; 75mw.• Government Target 2020; 500mw
• Feed-in tariff ; €220 MW/h.• Funding Package ; €26m.
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External Barriers to Wave Energy Have Been Reduced
OceanEnergy selected to occupy the US wave energy test site. USA now committed to a strong wave energy programme.
European wave energy is maturing and is well advanced. National policy mandates support of all renewal energy
Capital investments in renewable power infrastructure
Climate change high priority on the global agenda
Wave energy costs are commercially efficient.
Wave Energy, The time is now
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Industry PartnershipsUniversity College Cork Dresser-Rand,Queen University, Belfast,CORES Project under EU FP7
Funding European Union (FP7) Sustainable Energy Ireland Enterprise Ireland Irish Marine Institute
Awards Rushlight Award for Technology Excellence (2007)OceanEnergy Pioneer Award (2008)Finalist, Green Energy Awards (2010)
Partners and Industry Recognition
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