Advancing the Research & Innovation Agenda. Stephen Dempsey Executive Director

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1 Advancing the Research & Innovation Agenda Stephen Dempsey Executive Director

2 Research Marine OERA Priority Renewable Opportunities Theme Energy Areas & Collaboration

3 Outline OERA Overview Nova Scotia Setting Research Priorities Setting Process Resourcing and Implementation Stakeholder Engagement Conclusions

4 OERA is: Independent, contract research not-for-profit corporation Mission is to lead energy research that enables the sustainable development of Nova Scotia energy resources through strategic partnerships with academia, government and industry. Purpose is to reduce the risks related to investments in Nova Scotia s offshore energy resources through the provision of scientific research initiatives.

5 Collaborative Model Community Govt. & Regulatory Funding OERA Industry Academia Research

6 Nova Scotia Setting

7 Nova Scotia Marine Renewable Aggressive renewable energy targets Limited knowledge available Energy Environment Emerging industry No operating experience Tremendous potential Multiple Stakeholders

8 Tidal Energy Potential in Nova Scotia Nova Scotia s Provincial Renewable Energy Targets * By % of the renewable sources * By % renewable sources Bay of Fundy: 60,000 MW Total Potential 2,500 MW can be safely extracted 300 MW target for development Community Feed-in Tariff for Small Scale Turbines < 0.5MW < 6 MW = 65.2 per kwh Tidal Array Feed-in Tariff for Test Phase Projects * < 5 MW = 53 per kwh > 5 MW = 42 per kwh *15 year term applies

9 Question: How do we move forward to develop the resources that exist in our region?

10 Tidal Energy Research Program Focus Understanding MRE impacts and benefits Social license Engage partners Develop collaborations Identify resources Tidal Energy Resource Assessment Sediment Dynamics Animal Behaviour Near and Far Field Effects Strategic Environmental Assessments Socioeconomic impacts

11 Research Priority Setting Process Government, industry, academia input Organize Review Discuss Review workshops, conferences & forums Collaborative Research Agenda

12 Marine Renewable Energy Research Priorities Resource Assessment Monitoring Impacts of Turbines Environmental Baseline Data Effects on Fish and Marine Mammals Impacts of Sediments, Habitat and Ecology Deployment, Retrieval & Mooring Systems Low Cost, Effective Monitoring Technologies Operational and Lifecycle Costs of Turbines Cabling and Connectors Socioeconomic Benefits & Impacts Community Maximizing Community and Provincial Economic Opportunities Issue

13 Criteria for Ordering Priorities Does it fill a significant knowledge gap? Will it influence industry investment? Likely impact Cost Does the likely impact justify the cost? Funds available / potential for cost sharing & leveraging? Can the research be completed in time to be influential / beneficial? Timing Risk Degree of risk associated with the work? Does the potential impact justify the risk (and cost)?

14 Priority Filters Geographic scope Organizational roles Applied versus theoretical research Access to funding Literature review Global competition Leverage potential

15 Marine Renewable Energy Research Priorities Resource Assessment Effects of Environment on Turbines Environmental Baseline Data Effects on Fish and Marine Mammals Impacts of Sediments, Habitat and Ecology Deployment, Retrieval & Mooring Systems Low Cost, Effective Monitoring Technologies Operational and Lifecycle Costs of Turbines Cabling and Connectors Socioeconomic Benefits & Impacts Community Maximizing Community and Provincial Economic Opportunities Issue

16 How to Resource and Implement MRE Priorities

17 Tidal Energy Risk Investment Model Nova Scotia Tidal Energy Potential Investment

18 Tidal Energy Risk Investment Model Nova Scotia Tidal Energy Potential Risk - Gap Investment

19 Tidal Energy Risk Investment Model Supply Chain Analysis Environmental Impact Nova Scotia Tidal Energy Potential Risk - Gap Government Investment Scenario Planning Global Positioning

20 Tidal Energy Risk Investment Model Supply Chain Analysis Environmental Impact Nova Scotia Tidal Energy Potential Value Proposition Industry Investment Scenario Planning Global Positioning

21 Plan Stakeholder Engagement Constructing a shared vision Ensuring leadership, facilitation & expertise Mapping Stakeholder Interests Facilitating Workshops Develop Collaborative Projects Maintaining Focus

22 Recognize Stakeholder Connections Stakeholders connect with one another to advance their separate and shared interests. Mandate Industry Regulation Funding

23 Stakeholder MRE Business Case Attract significant investment to our region Build regional research competencies Provide local opportunities for HQPs Build a globally competitive MRE / Offshore Energy sector Meet renewable energy targets & realize MRE opportunity 65,000 MW renewable power in the Bay of Fundy

24 Conclusions Effective Leadership Deliberate Stakeholder Engagement Strategy Realistic Priorities Collaborative Agenda Resources Targets and Timelines

25 Thank you. Contact information: