WAVE ENERGY, WAVEROLLER TECHNOLOGY & AW-ENERGY

Dr. Tuula MäkiEU Green Week 30.-31.5.2017 Brussels

THE LARGEST UNTAPPED RENEWABLE RESOURCE –500+ GW POTENTIAL GENERATING CAPACITY

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Same size market as wind & solar• The wave energy market is

foreseen to reach the same size as wind and solar markets

• The investment into CAPEX alone is over €500 billion

Stable power production• Waves fluctuate less than wind

and sunshine throughout the day and year, thus providing a more stable source of power

Highly predictable electricity• Far more predictable than any

other intermittent source of renewable energy – highly reliable forecasts are available for up to 5 days ahead

* Highlighted countries have high wave energy market potential

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WAVEROLLER®

10 – 15 meterswater depth

Power take-off converts the back-and-forth movement to electricity

Panel moves back-and-forth following the waves

WaveRoller panel moves back and forth following the movement of water

WHY WAVEROLLER?

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Max wave height limited due to seabed

Extreme conditions

Proximity of coastline unifies wave directionsDirection

Panel capture rate good in all conditions

Power capture

Hydraulic PTO has natural capability for power smoothing

Grid compliance

Barge type foundation for towing, submerging and gravity based foundation

Easy installation

Short export cables, easier sea operations

Close to shore

Low or no visibility to shoreSocial acceptance

Year

1993

1999

2000

2005

2007

2012

2016-2017

2018 – 2020

Invention & early concept development

Proof-of-concept: small scale prototype installation

Laboratory and analytical verification

Small-scale wave farm installed at ocean site

1:4 scale prototype at fully exposed ocean site

Grid-connected, 1:2 scale, multiple units at ocean site

Full-scale, fully exposed & grid-connected device

Grid-connected & fully operational wave farmCo

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lopm

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TECHNOLOGY DEVELOPMENT HISTORY AND FUTURE MILESTONES

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VIDEO

AW-ENERGY HAS GLOBALLY UNIQUE TEST FACILITY

FULL-SCALE PTO TESTING CENTER

Fully commissioned and operational since end of

2014

Hydraulic artificial wave generator• Wave inputs up to 1.5MW• All possible wave profiles

Full scale PTO• Relevant electrical

environment• Grid connected to Finnish

National Grid

TECHNOLOGY CERTIFICATION MILESTONES

February 2014

Validation of power

performance

November 2014

Inspection after operation

February 2015

Statement of Feasibility

September 2015

Endorsement of TQ plan

Technology Qualification

certificate

June 2016

ISO 9001 certified management

system

September 2016

MANUFACTURING FOAK WAVEROLLER

First of a Kind (FOAK) WaveRoller being manufactured and soon to be installed in Peniche, Portugal

VALIDATED BY LEADING GLOBAL UTILITIES

France ChileIreland Portugal Mexico

INDUSTRY FLAGSHIPPROJECTS SPEARHEADINGCOMMERCIAL ROLL-OUT

30MW+

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VIDEO

OVERVIEW OF THE COMPANY AND SKILLS

The inventor of the WaveRoller®, diver Rauno Koivusaari runs today company’s offshore operations.

AW-Energy Oy is Finnish SME with strong IPR• 33 worldwide patents + 34 patent application in the process• Company founded in 2002• Currently 20 employees, 100 FTE sub-contracted work

Large variety of skills needed to develop, manufacture, install, commercialize and sell WaveRollers• Engineering (naval architect, electrical engineering, automation, hydraulic engineering etc.)• Science (simulation, model testing, instrumentation, CFD, physics etc.)• Technician (hydraulic technician, mechanic, welding etc.)• Manufacturing (steel manufacturing, component manufacturing, assembly, logistics etc.)• Sea operations (diving, sea operations etc.)• Commercial (finance, project management, sales, marketing etc.)• Other (communication, law, environment, licensing etc.)

Good communication between job functions vital!

AW-Energy Oy developed and patented WaveRoller concept and product design