can ireland achieve its wave power potential · €26m ocean energy initiative • €1 million...
TRANSCRIPT
12008 wavebob™
Can Ireland achieve its wave power potential by 2020?
Presented by
Andrew Parish
11th June 2010
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Objective (1)
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I = P x A x TImpact Affluence TechnologyPopulation
Capitalism at the Crossroads, SL Hart ‘04
Impact & Innovation
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Innovative
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Peter F. DruckerChief US Innovation Advisor
“ Innovation is the
specific instrument of
entrepreneurship ….
the act that endows
resources with a new
capacity to create
wealth.”
Why Innovate?
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“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 1980
Objective (2)
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Innovation
2009
“We know the country
that harnesses the
power of clean,
renewable energy will
lead the 21st century”
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Ireland
Global mean significant wave height (metres), January Source: SAR imagery
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Potential resource
• Offshore wave resource quantified in Irish Wave Energy Atlas (ESBI, 2005)
• Technical Electrical energy available: 2.4-28 TWhe/yr
• Accessible Electrical Energy:1.06- 20.76 TWhe/yr
• Upper level is nearly equivalent to Irelands current electrical consumption
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The opportunity
500 MWe €1.75bn in sales
Targets (installed WEC capacity) by 2020:
1360 MWe €4.76bn in sales
1000 MWe €4.25bn in sales
500 MWe €1.75bn in sales
Estimated accessible global wave energy resource:
Source: World Energy Council, 2007
2000 TWh per year
€650bn in technology sales
Equivalent to global nuclear or hydroelectric generation
550 Mwe €1.85bn in sales
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• Established in 1999 by entrepreneur & physicist William Dick
• 10 years of research and sea trials; 3 years of commercial development
• 1st sea-trials in 2006; 1st 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)
Our company
1
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Our mission
To be the leading global
wave power technology
company, producing
commercial electricity
from ocean waves.
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Vision
“We intend to be to the wave industry what
Denmark is to wind.”
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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 2012
– 500MW by 2020
– 1900 jobs created by 2020. (up to 10,000)
• Three Phases
– Development -2005-2007
– Pre-commercial (1)-2007-2010 & (2)-2010-
2015
– Commercial –2010-2015
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2009
€26m 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 2009.
• €2 million to support to develop a grid-connected wave
energy test site near Belmullet, Co. Mayo.
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Irish facilities
• Galway Bay – ¼ scale
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Irish facilities
• Galway Bay – ¼ scale
• Full scale site
– Open ocean
– 5MWe - scaleable
– Reasonable cost of network connection
– Depth 60 -90m
– North West Mayo
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Collaboration
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The right ingredients..?
Wave Resource
Policy
Research
Market
Tradition
Viable Technology
Access to funding
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Human Capital
Technical
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Challenge of creativity
Intellectual Property Office is an operating name of the Patent Office www.ipo.gov.uk
Dataset summary
• 8318 patent applications
– More than 50 priority countries
– More than 2000 patent applicants
– More than 4000 inventors
– Priority dates back to early 20th century
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Challenge of development time
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Challenge of funding … e.g. 2010
• Initial meeting Feb ‟09
• Handshake Jul „09
• DD starts Sept „09
• Term sheet signed Feb ‟10
• Close date Mar ‟10
• Still waiting……………………
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Challenge of talent
Engineering
• Mechanical
• Structural
• Hydraulic
• Electronic
• Electrical
• Civil
• Naval Architecture
• Marine
• Offshore
Scientists
• Mathematics
• Hydrodynamics
• Modeling & Simulation
• Code development
• Physicists
• Environmental Science
Management
• Commerical
• Legal
• etc
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Challenge of technology
KWh Output = Survival (no/yes) x Efficiency (wave to grid) x Reliability
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Wavebob product development
Build a little; Test a little; Learn a lot!
Calculate; Design; Simulate; Test; Verify;…
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Our wave energy converter
TorusTank
Power
Take-off
Mooring
Power controland grid
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Our business
Who we sell it to
OPEX savings for offshore oil & gas
Power independency for
marine assets
Large scale wave farms for public utility applications
What we sell
Wavebob: technology company
Engineer Wavebob
WEC
SupplyWEC and service
Develop wave
projects
Operate and
maintain
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Our approach
3
Market pull
ValuesExcellence – Commercial – Partnered – Innovative - Respect
Commercialisation strategy
BestPeople
PhDMBA
Marine
BestPartners
OpenInnovation
BestProcesses
SystemsEngineering
IPInnovation
Winning technology
BestPeople
PhDMBA
Marine
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Human capital
0
5
10
15
20
25
30
35
Technical Contribution
Total Staff
Technical
0
5
10
15
20
25
Wavebob Employment - PhDs in Tech Team
Technical
PhD
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Challenge of talent supply
0
5
10
15
20
25
30
35
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Wavebob Employment - Source
Total Staff
Irish
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Our approach
3
Market pull
ValuesExcellence – Commercial – Partnered – Innovative - Respect
Commercialisation strategy
BestPeople
PhDMBA
Marine
BestPartners
OpenInnovation
BestProcesses
SystemsEngineering
IPInnovation
Winning technology
BestPartners
OpenInnovation
BestPartners
OpenInnovation
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Our partners
Research Technology
Funding Strategic customers
International network
Open
innovation
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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
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Our approach
3
Market pull
ValuesExcellence – Commercial – Partnered – Innovative - Respect
Commercialisation strategy
BestPeople
PhDMBA
Marine
BestPartners
OpenInnovation
BestProcesses
SystemsEngineering
IPInnovation
Winning technology
BestProcesses
SystemsEngineering
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Systems Engineering
What we will do How we will do it How we will make money
Program Management
PlanEconomic Models
Validation of target markets
Validation of engineering requirements
Validation of cost targets
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So,
Can Ireland rule the
waves?
How do we score in
terms of IP, jobs and
wealth creation?
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A new industry? (wave & tidal)
Commercial
• OpenHydro Ltd 55
• Wavebob Ltd 25
• Tonn Energy 5
• SeaPower Ltd 5
• Ocean Energy Ltd 3
• Others 10-------------
98
Academic
• HMRC (UCC) 18
• NUI Maynooth 6
• UL 5
• QUB 6
• NUI Galway 4
-------------
39
42
*approx numbers
Intellectual Property Office is an operating name of the Patent Office www.ipo.gov.uk
Top 30 countries (all)
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
FI
PT
EP
BR
ZA
IL
IN
GBT
HU
Number of patent applications
Co
un
trie
s
Countries appearing in Wavebob dataset
indicated in purple
Intellectual Property Office is an operating name of the Patent Office www.ipo.gov.uk
Top applicants in F03B 13/20
0 5 10 15 20 25 30 35
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
Number of patent applications
© Vattenfall AB 45
The Ocean Energy markets / Attraction
Markets Energy intensity Incentives ”Attractiveness”kW/m wave €/kWh
UK (Scotland) 50 0,4 20Ireland 70 0,2 14Norway 40 0,05 – 0,1 4Denmark 15 0,1 2Germany 10 0,1 1Netherlands 10 0,1 1Sweden (Bohus) 5 0,1 1
© Vattenfall AB 46
Utilities like Vattenfall will develop wave farms of utility scale.
•Vattenfall, on its own, have ambitions for some 30 TWh for 2030+.
•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 / seamenWorkshop / mechanicsWorkshop / electricians
•Probably half in Ireland
•HELP
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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)
– 2014-16, 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
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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
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is féidir linn…!
www.wavebob.com