Ocean Energy Technologies and Components Worldwide
 

Ocean Energy Technologies and Components Worldwide

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Ocean Energy Technologies and Components Worldwide Ocean Energy Technologies and Components Worldwide Document Transcript

  • Get more info on this report!Ocean Energy Technologies and Components WorldwideJune 1, 2009Ocean waters cover over 70% of the earth and present significant opportunities forrenewable energy systems. Ocean Energy Technologies and Components Worldwidecontains comprehensive data on the U.S. and world market for the three primary OceanEnergy Technology systems: Tide Energy, Wave Energy and Ocean Thermal Energy.The report also addresses the emerging potential of Salinity Gradient systems. Thereport identifies key trends affecting the marketplace, along with trends driving growth,and also profiles major domestic and global marketers and geographic hot spots forocean energy technology implementation.This SBI study presents a comprehensive overview of the growing market for oceanenergy technologies in the United States and throughout the world. Falling within theparameters of this study are all ocean energy technology systems and products. Thisstudy includes both public and privately funded systems that are in development orhave already been installed. This study also includes emerging systems that are in theearly development stages.Global energy consumption amounts to over 17,400 Terawatt hours per year, withUnited States’ use alone accounting for approximately11,200 Terawatt hours per year.Ocean energy technology has the potential to generate over 93,100 terawatt hours/yearwith the two most viable options being wave technology and thermal gradienttechnology. Wave Energy technology alone has the potential to produce up to 80,000TWH/year, while OTEC could produce up to 10,000 TWH/year. Salinity Gradienttechnology, still an emerging science, has the potential to produce 2000 TWH/year.Given the Obama administration’s commitment to green technology and renewableenergy alternatives, the outlook for 2009-2010 is very positive for increased investmentin both domestic and global ocean energy developments.In September 2008, New York City installed the first Tidal-Power Turbine system in theUnited States. As part of a plan for New York to generate up to 80% of the city’s powerfrom renewable energy sources, the completed Tidal-Power Plant is expected toprovide power for up to 10,000 households. New York’s Tidal-Power program showshow ocean energy technology is quickly catching up to the more familiar renewable
  • wind and solar power sources.In Aguçadoura, Portugal, the successful installation of the world’s first multi-unit wavefarm will generate 2.5 MW, enough to power 1500 homes. The wave tidal energymarket alone could be worth over $280 billion per year. In Hawaii, Taiwan IndustrialTechnology has entered into collaboration with Lockheed Martin to develop a 10MWOcean Thermal Energy Conversion (OTEC) pilot plant.Within the United States, Maine and Alaska offer the best conditions for tidal powerplants, while Hawaii and the Atlantic coast have the tropical conditions required forOcean Thermal Energy Conversion. Recent tests along northern California’s RedwoodCoast indicate that the west coast could be an ideal area for testing wave energysystems. While the U.S. is among the global leaders in Ocean Wave and Tidal Currentdevelopments, the U.K. dominates the field as of 2008. India and Japan are the globalleaders in Ocean Thermal Energy Conversion, while Mexico and Norway are among theinitial investors in Salinity Gradient systems.Report MethodologyThe information in Ocean Energy Technologies and Components Worldwide is basedon primary and secondary data from the U.S. Energy Information Administration, theEuropean Ocean Energy Association, the International Energy Agency and theSustainable Energy Coalition, along with information from trade associations such asthe Ocean Renewable Energy Coalition and business journals, company literature andwebsites, and research services such as Simmons Market Research Bureau.What You’ll Get in This ReportOcean Energy Technologies and Components Worldwide makes important predictionsand recommendations regarding the future of this market, and pinpoints ways currentand prospective players can capitalize on current trends and spearhead new ones. Noother market research report provides both the comprehensive analysis and extensivedata that Ocean Energy Technologies and Components Worldwide offers. Plus, you’llbenefit from extensive data, presented in easy-to-read and practical charts, tables andgraphs.How You’ll Benefit from This ReportIf your company is already doing business in the Ocean Energy Technology market, oris considering taking the plunge, you will find this report invaluable as it provides acomprehensive package of information and insight not offered in any other singlesource. You will gain a thorough understanding of the current market for four types ofocean energy technology, as well as projected markets and trends through 2013.This report will help:
  • Entrepreneurs and Investors identify market opportunities and gain a better understanding of which types of areas benefit most from ocean energy technology. Research and development professionals stay on top of competitor initiatives and explore demand for ocean energy technology. Green Marketing and Advertising agencies working with clients in the green energy market understand the potential impact of ocean energy technology and the advantages for coastal cities. Business development executives understand the dynamics of the ocean energy technology market and identify possible private and government partnerships. Information and research center librarians provide market researchers, brand and product managers and other colleagues with the vital information they need to do their jobs more effectively.Additional InformationMarket Insights: A Selection From The ReportStudy Focus Primarily Tidal, Wave, and ThermalThis study discusses the three ocean energy technologies that have received the mostfunding and undergone the most advanced testing and implementation. These oceantechnologies are: wave power, tidal (current) power and ocean thermal energyconversion. Wave power is the largest segment of marine power technology, thoughtidal power has seen a significant increase in development in the last five years. OceanThermal Energy Conversion has been in development for at least thirty years; however,it has not experienced the market growth seen in wave and tidal power.Growth in World Tidal/Current-Energy MarketAccording to the U.S. DOE, there have been 46 tidal-energy projects underdevelopment outside the United States from 2001 to 2009. While the UK continues tobe a leader in tidal-power projects, one of the largest projects in Scotland in from theNorway-based Hammerfest Strom AS. Hammerfest Strom has begun the constructionof their new HS1000 turbine which will be installed off the coast of Scotland in 2010.Should the full-scale model prove viable, there are negotiations in place for five to 20additional turbines, which could generate up to 60MW of power, enough for roughly40,000 homes. Prior to moving toward their new HS1000 model, Hammerfest Stromhad already tested a grid-connected prototype from 2003 to 2007. The Scotland projectwould be the largest grid-connection tidal energy project in the world.
  • Other companies that are approaching the commercial demonstration stage include:Lucid Technology (Indiana, USA), New Energy Corporation (Canada), Tidal Energy Pty,Ltd. (Australia), and Marine Current Turbines (UK).TABLE OF CONTENTSChapter 1: Executive Summary Introduction Scope of Study: All Ocean Energy Technologies and Products Sources Research Methodology Study Focus Primarily Tidal, Wave, and Thermal Tidal Energy Generators Underwater Turbines Hydrokinetic Power Generation Wave Power Generators Point Absorbers Attenuators Terminator Devices Overtopping devices Ocean Thermal Energy Closed Cycle OTEC Open Cycle OTEC Desalination Refrigeration fluidThe Ocean Energy Technology Market Figure 1-1: Total Global OET Projects in Development, 2000-2008 Ocean Energy Investments Figure 1-2: Global Investments in Ocean Energy, 2004-2008 (in million $) Growth in World Wave-Energy Market Figure 1-3: World Wave Energy Projects and Values, 1998-2009 Ocean Energy Production in the Years Ahead Figure 1-4: Projected Growth in Ocean Energy Generated, 2009-2013 U.S. Tidal Energy Market Pending US Tidal Projects 2008 U.S. Wave Energy Market Only One Company Takes Advantage of FERC Decision U. S. Annual Ocean Thermal Energy Projects Positive Factors in Future Growth External Factors Favoring Growth Internal Factors Favoring Growth Environmental Impact Concerns Legal/Regulatory Issues FERC and MMS Reach New Agreement on Outer Continental Shelf
  • Potential Growth in U.S. Ocean Energy Power Output Figure 1-5: Potential Growth in U.S. Ocean Energy Generated, 2009-2013Ocean Energy Technology Competitors Types and Sizes Companies Most Development Driven by Local Marine ConditionsCompetitors by Product Category/Segment Competitors: Attenuator Energy Competitors Table 1-1: Selected List of U.S./Global Attenuator Competitors Competitors: Horizontal Axis Turbines Table 1-2: Selected List of U.S./Global Tidal (Wave) Energy Market Competitors Competitors: Overtopping Devices Table 1-3: Selected List of Overtopping Device CompaniesOcean Energy Technology Market Trends Foreign Dominance of Research and Development Scotland, Ireland and the UK Table 1-4: UK Renewable Obligation Time Table (percent) Australia Portugal Horizontal and Vertical Integration Stock Market Trends Table 1-5: OET Companies Trading on Public Stock Markets: By Exchange and Stock Symbol Ocean Energy Trends in the United States Figure 1-6: U.S. Energy Consumption, 2007 (percent)Financing Trends Emerging Financing Models Federal Government Trends State Trends California Florida State Rebate Programs Table 1-6: Coastal State Renewable Portfolio Standards (percent)Distribution Structure Geographic Limitations Where is the power in the waves? Where is the Power in the Tides? Ocean Thermal Energy Conversion Still Catching On Socioeconomic Considerations Growth through Established Renewable Energy MarketChapter 2: Ocean Energy Technology Systems/ProductsIntroduction: Market Parameters Scope of Study: All Ocean Energy Technology Systems Not Included: Other Renewable Energy (RE) Sources Not Included (With Qualifications): Nonrenewable Energy (NRE) Sources Note on Abbreviations Tide Energy Systems
  • Overview Hydrokinetic Power Generation Potential Energy (gravity-based) Estuary Systems Barrage components Turbines Impact on Local Ecosystems Wave (Marine) Current Systems Overview Point Absorbers Attenuators Terminator Devices Overtopping Devices Pneumatic Power Mechanical PowerOcean Thermal Energy Conversion (OTEC) or Ocean Thermal Energy (OTC) Closed Cycle OTEC Open Cycle OTEC Hybrid Cycle OTEC Benefits of OTEC Floating Structure Pipes Desalination and Potable Water Refrigeration Fluid Electric Cable to Shore Boiler Condenser Hydrogen Production Environmental Impact Benefits to Island Nations and Communities Salinity Gradient Overview Fresh Water/Seawater Mix Osmotic Power Potential Pressure-retarded Osmosis Prototypes in PlaceChapter 3: The Ocean Energy Technology Market U.S. Ocean Energy Technology Market in a Global Context Overview Ocean Energy Investments Figure 3-1: Global Investments in Ocean Energy, 2004-2008 (in million $) Growth in World Wave-Energy Market Figure 3-2: World Wave Energy Projects and Values, 1998-2009 Growth in World Tidal/Current-Energy Market Figure 3-3: World Tidal Energy Projects and Values, 2001-2009 World Ocean Energy Technology Projects
  • Figure 3-4: Total Global OET Projects in Development, 2000-2008 Costs of Setting up an Ocean Energy Power Converter Leading Global Wave Energy Companies Table 3-1: World Wave Energy Companies with Full-Scale Prototypes World Leaders in Tidal Energy Development Table 3-2: World Tidal Energy Companies with Full-Scale Prototypes Ocean Energy Production in the Years Ahead Figure 3-5: Projected Growth in Ocean Energy Generated, 2009-2013 Projected Growth World Growth in Ocean Energy Projects Figure 3-6: Global Ocean Energy Technology Projects Nearing Final Stages of Development, 2009 Potential Market Value from 2009-2013 UK Ocean Energy Technology Companies to Watch Table 3-3: U.K. Companies with OET Projects in Early DevelopmentThe U.S. Ocean Energy Technology Market Overview FERC and MMS Reach New Agreement on Outer Continental Shelf Commercially Available Ocean Energy Technology Hydropower - Industry Activities U.S. Tidal Energy Market Table 3-4: Issued and Valid Hydrokinetic Projects Preliminary Permits 2007 Geographic Locations Pending US Tidal Projects 2008 Table 3-5: Pending Hydrokinetic Tidal Current Projects Preliminary Permits Power Capacity of Full-Scale Tidal Current Prototypes Table 3-6: Power Capacity of Full-Scale Tidal Current Prototypes Potential Growth in U.S. Ocean Energy Power Output Figure 3-7: Potential Growth in U.S. Ocean Energy Generated, 2009-2013 Estimated Price per Watt/Installed/Projected U.S. Wave Energy Market Table 3-7: Geographic Locations and Potential Wave Energy Output Table 3-8: Issued and Valid Hydrokinetic Wave Projects Preliminary Permits, 2008 Only One Company Takes Advantage of FERC Decision Table 3-9: Pending Hydrokinetic Wave Energy Projects Preliminary Permits Full-Scale Wave Energy Prototypes Table 3-10: Power Capacity of Full-Scale Tidal Current Prototypes Price per Watt/Installed/Projected U. S. Annual Ocean Thermal Energy Projects Figure 3-8: Potential Markets for Ocean Thermal Energy Projects U.S. Ocean Thermal Energy Projects U.S. Salinity Gradient Projects Still too new for the United States OET State Support U.S. Ocean Energy Technology Market: Sales and Growth Figure 3-9: US Wave Energy Potential
  • U.S. Wave-Energy Market Growth from 2001-2008 Figure 3-10: Number of U.S. Wave Energy Projects, 1998-2008 U.S. Tidal-Energy Market Growth 2001-2008 Figure 3-11: Number of U.S. Tidal Energy Projects, 1997-2008Factors in Future Growth Positive Factors in Growth Overview The Obama Recovery Plan External Factors Favoring Growth Table 3-11: Coastal States with RPS Requirements The Economy: Supplies Ecology: Climate Change Private Sector Investment Public Sector Support Internal Factors Favoring Growth Environmental Impact Concerns Legal/Regulatory Issues Utility Obstacles (Integration into Existing Grids) Geographic Obstacles Recession Impact on commercial and recreation fishing sites Marine transit routes Surfing and coastal recreationChapter 4: The CompetitorsOverview Competitive Context At What Cost? Public/Private Interaction Young Formation External Market Factors Integral to Market Structure Ocean Energy Trade Associations European Ocean Energy Association (EU-OEA) International Energy Agency - Implementing Agreement on Ocean Energy Systems (IEA-OES) Table 4-1: List of 2008 IEA-OES Members Ocean Renewable Energy Coalition (OREC) Table 4-2: List of 2008 Ocean Renewable Energy Coalition Members Table 4-3: OREC Strategic PartnersOcean Energy Technology Competitors Types and Sizes Most Development is Driven by Local Marine ConditionsCompetitors by Product Category/Segment Competitors: Attenuator Energy Competitors Table 4-4: Selected List of U.S./Global Attenuator Competitors Competitors: Horizontal Axis Turbines Table 4-5: Selected List of U.S./Global Tidal (Wave) Energy Market Competitors
  • Competitors: Oscillating Hydrofoil Table 4-6: Selected List of Oscillating Hydrofoil Companies Competitors: Overtopping Devices Table 4-7: Selected List of Overtopping Device Companies Competitors: Ocean Thermal Energy Table 4-8: Selected List of U.S./Global Ocean Thermal Energy Competitors Competitors: Point Absorber Companies Table 4-9: Selected List of Point Absorber Companies Competitors: Vertical Axis Turbine Table 4-10: Selected List of Vertical Axis Turbine Companies Competitors: Salinity Gradient EnergyCompetitive Profiles IntroductionPelamis Wave Power Ltd. Corporate Background Product and Brand Portfolio Performance Company News Growth Outlook Personnel Changes Affect of Recession in 2008 and into 2009Marine Current Turbines Ltd. Corporate Background Product and Brand Portfolio Company News Projects in Development Looking for InvestorsOCEES International, Inc. Corporate Background Projects in Development Strategic PartnersGrays Harbor Ocean Energy Company Corporate Background Product and Brand Portfolio The Oscillating Water Column Technology Company News Innovation Outlook CollaborationsFinavera Renewables Corporate Background The AquaBuOY Company News Acquisition of AquaEnergy Group, Ltd. AquaBuOY 2.0
  • Humboldt County, California Coos Bay, Oregon Makah Bay, Washington State, USA Innovation OutlookChapter 5: Ocean Energy Technology Market TrendsCompetitive Trends Globalization of U.S. Ocean Energy Technology Market Foreign Dominance of Research and Development Scotland, Ireland and the UK Table 5-1: Scotland Marine Energy Programme Distribution Table 5-2: UK Renewable Obligation Time Table (percent) Australia Table 5-3: Proposed Australian Renewable Energy Fund, 2009 Table 5-4: Oceanlinx’s Funding Sources, 1999-2009 Israel Table 5-5: S.D.E. Orders 2005-2008 Portugal Table 5-6: Ocean Energy Projects in Portugal Canada Table 5-7: Wave-energy Projects in Canada Table 5-8: Tidal-energy Projects in Canada UK Technology at Work in Canada Building the Marine Technology Network in British Columbia China Japan Ocean Energy Trends in the United States Figure 5-1: U. S. Energy Consumption, 2007 Competing with Fossil Fuels and other Renewables Table 5-9: Use Energy Consumption by Energy Source, 2003-2007 Horizontal and Vertical Integration Government and State SupportInvestment Trends Investor Trends in 2007 Table 5-10: Ocean Energy Investments, 2007 Investor Trends in 2008 Table 5-11: Ocean Energy Investments, 2008 Stock Market Trends Table 5-12: OET Companies Trading on Public Stock Markets: By Exchange and Stock SymbolFinancing Trends Financing Is Fundamental Emerging Financing Models New OET Financiers Cautionary Note Subsidies
  • U.S. Federal and State Trends Federal Government Trend California Trends Florida Trends State Rebate Programs Table 5-13: Coastal State Renewable Portfolio Standards (percent)Chapter 6: Market Distribution Distribution Structure Geographic Limitations Where is the power in the waves? Table 6-1: Global Distribution of Wave Energy Manufacturers (percent) Where is the Power in the Tides? Figure 6-1: Global Distribution of Tidal Energy Companies (percent) Ocean Thermal Energy Conversion Still Catching On Socioeconomic Considerations Overview: Theme and Variations Table 6-2: Ocean Energy Companies in Agreement with Utilities Distribution and Distributors Growth through Established Renewable Energy Market Growth through Power Collaboration with Industry Leaders Growth through Memorandum of Understanding A Unique Investment in Ocean Energy Getting the Word Out About Ocean Energy Technology Distribution, Direct-Sales Retailers, and the End-UserAvailable immediately for Online Download athttp://www.marketresearch.com/product/display.asp?productid=1928480US: 800.298.5699UK +44.207.256.3920Intl: +1.240.747.3093Fax: 240.747.3004