Ocean Energy:Ocean Energy:European Industrial Initiative European Industrial Initiative

Alla Weinstein, PresidentAlla Weinstein, President

•EU Ocean Energy Resource Potential

•State of the Art

•Sector Needs

•Synergies with other Sectors

•European Industrial Initiative

OutlineOutline

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Ocean Energy Resources Ocean Energy Resources

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EU Ocean Energy PotentialEU Ocean Energy Potential

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Ocean Energy has the potential to satisfy Ocean Energy has the potential to satisfy approximately 10% of the present European approximately 10% of the present European

electricity demand electricity demand

Source: Calculations based on the UK MARKAL model. Reference: EU consumed 2,926 TWh in 2007

Type Usable Resource

Load Factor

Yearly Energy Production

Tidal Power/Energy 16 GW 2250 h/yr 36,000 GWh/year

Wave Power/Energy 65 GW 2190 h/yr 142,350 GWh/year

Osmotic Power/Energy 4 GW 7000 h/yr 28,000 GWh/year

Total Ocean Energy 85 GW 206,350 GWh/year

•Early Commercialization

•Large scale pilot/prototype installations

•A number of test sites available in EU

•Large utilities are now involved:– E.ON, RWE, EDP, EDF, Iberdrola, Dong

Energy, Statkraft, Vatenfall

State of the ArtState of the Art

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•Wave ~ 3.15 MW•Pico, Azores, PT – 0.4 MW

•Limpet, Islay, UK – 0.5 MW

•Pelamis, PT – 2.25 MW

•Tidal ~ 241 MW•Barrage – 240MW La Rance, FR;

•Current – 1MW (MCT) IE;

Installed Capacity in EuropeInstalled Capacity in Europe

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OE Buoy, Ireland 2006, 20 OE Buoy, Ireland 2006, 20 KWKW

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Oscillating Water ColumnOscillating Water Column

LIMPET, Wavegen, UKLIMPET, Wavegen, UK2000, 500kW2000, 500kW

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PICO Plant, PortugalPICO Plant, Portugal1999, 400kW1999, 400kW

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Offshore Wave - SurfaceOffshore Wave - Surface

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WaveDragon, DenmarkWaveDragon, Denmark2003, 20kW2003, 20kW

Pelamis, PTPelamis, PT2008, 3x750kW2008, 3x750kW

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Offshore Wave – Point Offshore Wave – Point AbsorbersAbsorbers

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Wavebob, IrelandWavebob, Ireland2006, 200kW2006, 200kW

Power Buoy, Spain Power Buoy, Spain 40kW40kW

Tidal Range – La Rance, FranceTidal Range – La Rance, France

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Tidal Current DevicesTidal Current Devices

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MTC, 2006, UKMTC, 2006, UKOpen Hydro, 2007, UK Open Hydro, 2007, UK

(EMEC)(EMEC)

Osmotic EnergyOsmotic Energy

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StatKarft, Norway StatKarft, Norway (randition)(randition)

Year 2020 2025 2030 2040 2050

Scenario A [GW] 8 15 20 66 85

Scenario B [GW] 12 12 68 85

Implementation ScenariousImplementation Scenarious

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Scenario A - accelerated development rate, with other technologies developing in a “business as usual” manner. Scenario B - all generation technologies are accelerated development

•Economic Incentives•Long-term feed-in tariffs have proven to work

•Electrical Grid Access and Availability•A major expansion factor

•Regulatory Framework•Standardization is required

•Availability of Resource Data

•Public Awareness

Sector NeedsSector Needs

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Policies Support GrowthPolicies Support Growth

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•Technology pull

•Private investors are looking for:•Government support to offset initial risks

•Feed-in tariffs

•Long-term power purchase obligations

•Investor incentives

•Funding needs to concentrate on demonstration projects

Path to MaturityPath to Maturity

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•Offshore Wind– Floating support structures– Hybrid devices – wind/wave/tidal

•Desalinization

•Hydrogen Production

•Aquaculture

•Bio-fuels from algae

Synergies with Offshore Synergies with Offshore TechnologiesTechnologies

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•European Strategic Technology Plan– Joint Strategic Planning – align technology

development with energy policy goals– Effective implementation:

•European Industrial Initiatives: strategic technology alliances

•Strengthening European energy research capacities – European Energy Research Alliance

•Trans-European Energy Networks and Systems of the Future – transition planning

SET Plan - European Industrial SET Plan - European Industrial InitiativeInitiative

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•Led by industry

•GOALS:– Boost research and innovation– Accelerate deployment of technology– Deliver progress beyond business-as-usual– Define & realise clear targets (quantified

objective)– Contribute to political goals (energy &

climate change)

Principles of EU Industrial Principles of EU Industrial InitiativeInitiative

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•Share risk– High – the EC– Medium – Member states– Lowest - industry

•Pool public and private financing

•Foster public–private partnership

•Leverage additional resources

Rational for European InitiativeRational for European Initiative

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•First - decide on the objectives!

•Structure & finances based on the objectives and activities

•Timeline for setting up the EII: 1 – 3 years

EuII WorkflowEuII Workflow

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Objectives

Activities

Structures

Resources

•Define the objectives - industry & EC

•Define the technical content - industry & research

• Identify and involve the relevant actors

• Identify resources needs

•Define the structure for implementation

•Endorsement

An Industrial InitiativeAn Industrial Initiative

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•Ocean Energy represents large energy generation potential

•Early commercialisation stage

•European Industrial Initiative will propel Ocean Energy towards commercial stage

SummarySummary

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Contact InformationContact Information: : Tel : +32 (0)2 400 10 40 Tel : +32 (0)2 400 10 40 Fax: +32 (0)2 791 90 00Fax: +32 (0)2 791 90 00