WAVE ENERGY, WAVEROLLER TECHNOLOGY & AW-ENERGY. Dr. Tuula Mäki EU Green Week Brussels
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1 WAVE ENERGY, WAVEROLLER TECHNOLOGY & AW-ENERGY Dr. Tuula Mäki EU Green Week Brussels
2 THE LARGEST UNTAPPED RENEWABLE RESOURCE 500+ GW POTENTIAL GENERATING CAPACITY 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 2
3 WAVEROLLER WaveRoller panel moves back and forth following the movement of water Panel moves back-and-forth following the waves meters water depth Power take-off converts the back-and-forth movement to electricity 3
4 WHY WAVEROLLER? Extreme conditions Max wave height limited due to seabed Direction Proximity of coastline unifies wave directions Power capture Panel capture rate good in all conditions Grid compliance Hydraulic PTO has natural capability for power smoothing Easy installation Close to shore Barge type foundation for towing, submerging and gravity based foundation Short export cables, easier sea operations Social acceptance Low or no visibility to shore 4
5 TECHNOLOGY DEVELOPMENT HISTORY AND FUTURE MILESTONES Year Commercial developments 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 farm
6 VIDEO /DOCUMENTS/MEDIA1.MP4 6
7 AW-ENERGY HAS GLOBALLY UNIQUE TEST FACILITY FULL-SCALE PTO TESTING CENTER 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 Fully commissioned and operational since end of 2014
8 TECHNOLOGY CERTIFICATION MILESTONES Validation of power performance Inspection after operation Statement of Feasibility Endorsement of TQ plan Technology Qualification certificate ISO 9001 certified management system February 2014 November 2014 February 2015 September 2015 June 2016 September 2016
9 MANUFACTURING FOAK WAVEROLLER First of a Kind (FOAK) WaveRoller being manufactured and soon to be installed in Peniche, Portugal
10 VALIDATED BY LEADING GLOBAL UTILITIES INDUSTRY FLAGSHIP PROJECTS SPEARHEADING COMMERCIAL ROLL-OUT 30MW+ Ireland France Portugal Chile Mexico
11 VIDEO PEAKERS/DOCUMENTS/MEDIA2.MP4 11
12 OVERVIEW OF THE COMPANY AND SKILLS AW-Energy Oy developed and patented WaveRoller concept and product design 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! The inventor of the WaveRoller, diver Rauno Koivusaari runs today company s offshore operations.
13
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