The Technology and the Maui Wave Energy Project

Transcription

1 06 Mk1 Full scale pilot unit 07 Mk2 1/3 scale research unit 10 Mk3 Pre-Commercial scale unit The Technology and the Maui Wave Energy Project Ali. Baghaei CEO August 10

2 Oceanlinx Company formed in subsidiaries including Oceanlinx Hawaii LLC Over $80m of investment Headquarters Sydney: 25+ staff IP existing global patents granted other patents in progress 2

3 The Resource Base World Energy Council 03 estimated global wave energy potential of 2,000 GW Potential generation of more than 2,000 TWh per annum

4 Advantages of Wave over Offshore Wind 1. Wave power forecasting is possible for 5-7 days in advance compared with 1-4 hour horizon for wind. 2. Wave power has a broader geographic distribution and lower hourly and diurnal variations than wind. 3. There is lesser need for additional spinning reserve capacity with Wave power. 4. Wave power resources have increased over the last 40 years by 1-2% per year (ref. CSIRO) 4

5 OLX Steel in the Water Full scale evaluation unit (fixed to seabed) Complete system design International contracts Real sea OWC operation Demo Denniss Auld turbine Near shore marine operations 1/3-scale research unit (floating) Offshore design and operation No turbine just data System dynamics and OWC operation Marine operations experience Pre Commercial scale unit (floating) Full structural demo Two turbines Power Matrix Modelling verification Design convergence

6 The Oceanlinx Mk3 Wave Energy Converter Mark 3 PC Deployed in Port Kembla (Australia) 8 OWCs 2 chambers with turbines 6 damped chambers Demonstration scale device 0 m off shore Grid connected Transformer and 11kV grid connection High quality power output 6

7 MK3 Maturity MK3PC successes & learnings incorporated to bring full scale MK3 design to 100% maturity Scaled Deployment 100 % Design Maturity Full Scale Deployment Array Deployment Tank Testing July 10 Theory 7

8 Scaling Up - Mk3 Wave Energy Converter The Main Variant Features 2.5 MW rated capacity Survivability in a 100 years storm 25 year design life Certified design by DNV Can provide desalination in future Key Strengths Protection of PTO from wave energy No emissions or corrosive substances Unmanned and remotely controlled Simple hardware Single moving part (turbo-gen set) Modular 8

9 Key Points Turbine having tested more than one turbine on the MK3PC, the conclusion is the Oceanlinx proprietary turbine is better for wave energy purposes than what is available in the market The system has been designed with desalination in mind Oceanlinx has developed different variants of the technology, providing an appropriate solution for almost any type of ocean location Modular design

10 Recognition of the Technology Ranked third by the United Nations Industrial Development Organization (UNIDO) in 09 on their list of the Top Ten Renewable Energy Investment Opportunities in the World Named by the International Academy of Science in 06 as One of the Ten Most Outstanding Technologies in the World Ranked by the Electric Power Research Institute (EPRI) in 04 as the lowest cost producer of electricity from waves

11 Projects Maui displacing expensive fossil fuel electricity generation. Working with MECO and University of Hawaii. Preliminary permit from FERC secured last year. Interconnection studies and PPA discussions ongoing. California Portugal Strong FIT, regulated and supported process, designated area Pilot Zone Mexico working with CFE to deliver electricity to isolated costal communities using expensive fossil fuel electricity generation Australia

12 Maui Project Located on the north shore of Maui A collaboration between Oceanlinx, MECO, and Renewable Hawaii Inc. Hawaiian Legislature has approved $ million of Special Purpose Revenue Bonds (SPRB) Proposed up to 2.7 MW plant in phase 1 Timing expected to be operational by 12, dependent on a number of external variables.

13 Maui Project Site

14 Maui Project The Design Option MK3 SW in water depth of approx m No mooring is required Simple and short subsea cabling Compact and Modular each unit is rated at >1 MW in 35kw/m waters Versatile- could be converted to a desalination plant More than 80% local content Highly transferrable technology

15 Renewable Energy Emerging Technologies employment impact Estimated upper bounds for cumulative employment for the construction of a 100MW renewable energy plant Wind Geothermal Solar PV Solar thermal Ocean Direct employment on construction /MW Capacity (MW) Annual employment Construction time (years) Cumulative employment (man years) Indirect employment multiplier (a) Total cumulative employment Estimated upper bounds for cumulative employment for the construction of a 100MW renewable energy plant (a) ACIL Tasman would judge this multiplier to be a conservative estimate. Note: The data in this table are upper bounds 15

16 Progress Summary Preliminary FERC approval secured Interconnection and environmental studies have commenced Negotiation re PPA with MECO in progress OLX Target of 12 remains unchanged

17 Issues Permits: permitting is potentially the longest lead item in the development of a wave energy project, particularly in the US. One size does not fit all Public Awareness and carbon pricing Emerging technology providers and their sustainability Government support; government grants can provide invaluable aid in getting early stage projects developed. Without grants, many technologies will not survive their formative years

18 18 Oceanlinx Limited