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Martin mc adam presentation

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  • Irish demand in 2010 looks to be about 30TWh (reference the GAR http://www.eirgrid.com/media/Update%20to%20Generation%20Adequacy%20Report%202009-2015.pdf ) Projected forward to 2020 it looks like it will be between 35TWh and 42TWh (not accounting for a significant uptake of electric vehicles). This would mean an installed capacity of between 4.9GW and 5.9GW of renewable (operating with a capacity factor of 33%) to meet the 40% target of 2020 Therefore if marine provides 500MW this would be less than 10% of the renewable portfolio.   It is widely understood wave could provide for 75% of current demand, i.e. 7.8GW installed. About 3GW of this is near shore.
  • Energy import stat (ref: Eurostat, the Statistical Office of the European Communities, 2008 - http://www.eds-destatis.de/en/press/download/08_07/098-2008-07-10.pdf)

Martin mc adam presentation Martin mc adam presentation Presentation Transcript

  • MAKING MARINE RENEWABLE ENERGY MAINSTREAM MARTIN McADAM, CEO, AQUAMARINE POWER
  • IN BRIEF WHY MARINE ENERGY?
    • Vas t global resource - wave power alone could produce up to 80,000TWh/year (five times global electricity consumption)
    • Wave - less intermittent, out of phase and much more predictable than wind
    • Tidal – completely predictable
    • As the renewable energy mix diversifies, issues of intermittency and stability are reduced
  • WHERE ARE THE OPPORTUNITIES FOR TIDAL ENERGY IN IRELAND?
  • WHERE ARE THE OPPORTUNITIES FOR WAVE ENERGY IN IRELAND?
  • WHERE ARE THE OPPORTUNITIES FOR WAVE ENERGY IN IRELAND? ATLANTIC SEA IRISH SEA
  • KEY REQUIREMENTS OF WAVE ENERGY TECHNOLOGY
    • Wave energy technology must be...
    • Easy to build
    • Easy to install
    • Easy to operate
    • Easy to maintain
    • Easy to diagnose
    • Built to survive
    • Able to produce power in all weather conditions
  • WAVE ENERGY TECHNOLOGIES OVERTOPPING – Low energy machine OSCILLATING WATER COLUMN – Huge structure SNAKE / ATTENUATOR – Huge structure; complexity HEAVING BUOY / POINT ABSORBER – Energy extraction
  • DESIGNED SIMPLICITY – OSCILLATING WAVE SURGE CONVERTER
  • KEY ADVANTAGES OF OYSTER!
    • Oyster is...
    • Easy to build
    • Easy to install
    • Easy to operate
    • Easy to maintain
    • Easy to diagnose
    • Built to survive
    • Able to produce power in all weather conditions
  •  
  • EMEC: OYSTER 1 Oyster 1 WEC Onshore hydraulic power conversion EMEC grid substation 500m pipelines
    • Accessible – generation equipment is onshore – accessible 24/7
    • Reliable – conventional hydro-electric power station – proven, reliable
    • Survivability – no “survival mode”, naturally ducks under extreme waves and keeps generating
    • High capture factor – uniform wave direction, amplified surge forces
    • Economies of scale – one generator, multiple flaps & low cost fabrication
    • Low weight to power ratio - compared to alternatives, including offshore wind
    OYSTER KEY BENEFITS
  •  
  • MARINE ENERGY IN IRELAND
    • Ireland has a huge wave resource:
    • Potential to meet 75% of Ireland’s current energy demand (7.8GW installed)
    • Target of 75MW by 2012 and 500MW by 2020 = around 10% of Ireland’s renewable portfolio
    WAVE ENERGY – THE OPPORTUNITY FOR IRELAND LOCATION OF GLOBAL OYSTER RESOURCE (%)
  • THE SCALE OF THE OPPORTUNITY
  • MARINE ENERGY THE BENEFITS FOR IRELAND
    • Clean energy – significant carbon savings
    • Security of supply (91% of Ireland’s energy supply was imported in 2006)
    • Creation of a new industry and highly skilled employment in Ireland
    • Whilst the €220 per MWh costs the consumer, it is likely to reduce the market price sufficiently to more than offset this cost, as seen with wind
    • Potential to create export market for Ireland – power, technology, skills, IP
  • NOT JUST ABOUT THE COST… ITS ABOUT THE BENEFIT
  • GERMANY REAPING THE BENEFITS
    • Creating saving of €6.1bn
    • Increase in domestic turnover from installation/operation of renewables systems – increase from €18.1bn in 2005 to around €22.9bn in 2006
    • Increase in employment in renewable sector – rose from 160,000 in 2004 to over 230,000 in 2006
    • Creation of export market – over 70% of wind production technology exported
    • Reduced carbon emissions - CO 2 emissions reduced by 100m tonnes in 2006
  • MARINE ENERGY POSITIVE STEPS IN IRELAND
    • Significant government support for marine energy in Ireland:
      • Commitment to REFIT (€220 per MWh feed in tariff)
      • Development of Belmullet test centre
      • Establishment of Ocean Energy Development Unit (OEDU)
      • Establishment of SEI Prototype Development Fund
      • Smart Bay Project (Galway)
  • WHAT’S NEXT? THE WAY FORWARD
    • Wave power must have at least 500MW of grid capacity allocated to it outside of the gate process
    • Urgent streamlining of licensing and leasing the seabed - clear, consistent and proactive policies and processes
    • Developer support for MRIA (Marine Renewable Industry Association) and OEDU (Ocean Energy Development Unit)
    • Continued commitment to REFIT scheme
  •  
  • MARTIN MCADAM CHIEF EXECUTIVE OFFICER AQUAMARINE POWER 10 ST ANDREW SQUARE EDINBURGH EH2 2AF UNITED KINGDOM Tel: +44 131 718 6611 Fax: +44 131 718 6100 Mobile: +44 7590 350100 Email: [email_address] Web: www.aquamarinepower.com