13 years of marine energy acceleration in the UK. Jan Van der Ven, Asia Director Manila, June 8, 2016

Transcription

1 13 years of marine energy acceleration in the UK Jan Van der Ven, Asia Director Manila, June 8, 2016

2 About the Carbon Trust Our mission Accelerate the move to a sustainable, low carbon economy 180 people in the UK, China, Mexico and South Africa Our services We advise businesses, governments and the public sector on opportunities in sustainability We measure and certify the environmental footprint of organisations, products and services We help develop and deploy low carbon technologies and solutions, from energy efficiency to renewable power Our results We helped our clients save USD 8bn in energy costs We helped our clients reduce their CO2 emissions by 60m tons We leveraged USD 620m in private funding in clean tech investments since 2001

3 We have experience across the entire length of the innovation journey (see next slide for acronyms) MEC MEA MRPF MRCF MFA Product journey Proof of principle (Basic research) ABC Proof of concept (Applied research) PC Proof of viability (Early demonstration) Proof of scalability (Full demonstration) Proof of value (Marketable product) OWA Proof of quality (Warranted product) Company journey 1 or 2 individuals (Sweat equity) Form venture (or new unit) (Family and friends) PFCC Bring in first outsider (Angel or seed) EFT Recruit specialists (Venture Capital) Grow operational staff (IPO) IEEA 30+ employees (Profit) Market journey No interaction (Ignorance) Markets identified (Indifference) Market Field trial (Curiosity) Early adopters & niches (Recognition) Rational economic purchase (Interest) Technology & market coevolution (Desire) APVC BHA MCHPA Regulation journey General Regulation neutral or negative General Regulation neutral Specific Regulation positive General Regulation positive General Regulation neutral or positive LCBA LCBP AMSME

4 We specialize in supporting the development and deployment of low carbon technology Programme Name Start Finish Value Public funder Outcome OWA Offshore Wind Accelerator 2008 present 60m DECC 10% reduction in CoE EFT Entrepreneurs' Fast Track 2001 present 38m DECC 3,500 start-ups assessed, 13 private sector funds invested for each 1 of public money invested MRPF Marine Renewables Proving Fund m DECC Six devices funded and installed MRCF Marine Renewables 2012 Present 18m SG Support the commercialisation of wave and tidal technology for first Commercialisation Fund arrays MFA Marine Farm Accelerator 2013 Present 3m+ SG Reducing the costs and risks for first arrays PFCC Polymer Fuel Cells Challenge m DECC Reduce automotive fuel cell system cost to <$37/kW IEEA Industrial Energy Efficiency Accelerator 2008 Present 15m DECC/BIS Deploying new technologies in Aggregates, Animal Feeds, Dairy and Bakery sectors PC Pyrolysis Challenge m DECC/ Innovative pyrolysis process being piloted by Future Blends DfT ABC Algae Biofuels Challenge m DECC Funded 3m of research across 11 projects in UK universities BHA Biomass Heat Accelerator m DTI Catalyse the growth of the commercial biomass heating market by demonstrating best practice and addressing supply chain risk MEA Marine Energy Accelerator m BERR Next generation concepts; device components; installation, O&M MEC Marine Energy Challenge m DTI Developed a series of cost reduction strategies for wave and tidal devices LCBA Low Carbon Buildings Accelerator m DTI Demonstrate that major refurbishments of non-residential buildings can be completed in both a low-carbon and a cost-effective manner LCBP Low Carbon Buildings Programme m DTI APVC Advanced PV challenge m DECC Two organic PV technology companies created Eight19 and Solar Press MCHPA Micro CHP Accelerator m DTI Benchmarked the carbon and commercial performance of micro-chp compared to condensing boilers AMSME Advanced metering for SMEs field trial m DTI 600 sites monitored. Smart metering for SMEs mandated by government

5 The expected costs of the first wave and tidal arrays are quite high Offshore wind Early array costs are based on data from technology developers, forecasting the costs of a 10MW array when 10MW capacity has already been installed 5

6 Wave and tidal future costs are dependent on future deployment and innovation Cost reduction = Economies of Scale + Economies of Learning + Innovation Source: SI Ocean, Feb

7 Marine energy lags behind its bigger cousin, offshore wind Marine energy is years behind offshore wind Wave is in an R&D phase; viable technologies emerging but unproven Tidal Stream energy has more proven devices, some of which are now being tested in commercial demonstration arrays Key factors which have enabled progress to date: Strategic roadmaps to align public and private sectors Sustained public RD&D support over 10+ years and USD 200m+ Development of key enabling infrastructure, like the EMEC test centre Access to known high resource deployment locations with defined consenting and leasing arrangements An active academic research community 7

8 Wave and tidal technologies are pre-commercial Leading Wave Leading Tidal MeyGen 6MW under construction, due for completion 2016, c. 10bn Lots Many Andritz x3 None Atlantis x1 c.15 devices 8

9 Carbon Trust have managed multiple marine energy development programmes Marine Energy Challenge ( ) USD 5m, D trade Industry, developed cost reduction strategies for wave and tidal Marine Energy Accelerator ( ) USD 6m, SG, funds next-generation concepts, device components, installation, O&M Marine Renewables Proving Fund ( ) USD 35M, DECC, 6 devices funded and installed Marine Renewables Commercialisation Fund ( ) USD 27m, SG, supports first arrays of wave and tidal technology 9

10 The first generation tidal businesses have benefitted from strong corporate backers EXAMPLES Marine Current Turbines Rated Power: 1.2MW Rated velocity: 2.4+ m/s Corporate backer: Siemens Scotrenewables Rated Power: 2MW Rated velocity: 2.5 m/s Corporate backers: ABB, Fred Olsen Andritz Hydro Hammerfest Rated Power: 1MW Rated velocity: 2.2 m/s Corporate backer: Andritz Hydro Open Hydro Rated Power: 1MW Rated velocity: 2.6 m/s Corporate backers: Bord Gais, DCNS 10

11 Significant local economic benefits result from marine energy development There are around 1,700 people working in the UK wave and tidal sectors This could grow to over 20,000 skilled jobs in the next decade Nearly USD 700m spent to date in the UK supply chain 11

12 We design programmes tailored to local needs in Asia China: Offshore Wind Accelerator research project, with the China Wind Energy Association for the National Energy Administration, 2013 Japan, Nagasaki prefecture: gauge international interest for a test and demonstration site in the waters around Nagasaki, 2015 Opportunity to grow to 100MW+ essential Consenting clarity and site data must be available to potential project developers Tariff for tidal energy; creation of an R&D grant fund is important Engagement of local supply chain Japan: appraisal of local offshore wind industry, identifying technical, policy and regulatory challenges related to consenting, planning and construction costs, 2014 Japan, Deloitte Tomatsu: cost of tidal energy modelling for Energy Ministry,

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