Wavebob Overview - Andrew Parish - Wavebob - Stanford - Jan 11 2010

Powering the future
Andrew Parish
CEO
January 2010

“... and I sensed a loud infinite scream passing through endless nature.” *
Edvard Munch: Skrik
(The Scream of Nature), 1893
Diary notes 1892

Why Innovate?
I =PxAxT
Impact
Affluence
Technology
Population
Capitalism at the Crossroads, SL Hart ‘04

Why Innovate?
“ Innovation is the specific instrument of entrepreneurship ….
the act that endows resources with a new capacity to create wealth.”
Peter F. DruckerChief US Innovation Advisor

The global demand for renewable energy is unquestionable...
Source: SAR imagery . Global mean significant wave height (metres) in January
... and ocean wave energy forms an immense and yet un-tapped resource of renewable energy...

Market opportunities drive innovation
Patents in wave energy technology
Oil price

Creativity
“Good times will come and go, but one thing is certain. The person who knows how to create good, new ideas and turn them into realities is the one who will prosper no matter what the future brings.”
LeBoeuf 1980

Only a handful are facing reality…

Reality
Survival – Survival - Survival

Our company
Mission to be the leading wave power technology company
Established in 1999
10 years of research and successful sea trials
Funded - ‘4 F’s’ - industry partners, strategics
Currently one of top technologies in wave energy globally
Subsidiaries in key-markets: Ireland, UK, US
10

Wavebob product development
Build a little; Test a little; Learn a lot!
Calculate; Design; Simulate; Test; Verify;…
Fail early; fail often; learn quickly..

Our product
Wavebob technology is unique and protected by two families of patents covering our global key markets (45 countries).

Our approach
Market Pull
Best
Partners
Best
Plan
Best
People
PhD
MBA
Marine
Open
Innovation
Systems
Engineering
Values
Excellence – Commercial – Partnered – Innovative - Respect
Commercialisation strategy
IP
Innovation
Winning technology
13

Our partners
Research
Technology
Open
innovation
Funding
Strategic customers
International network

Connect & develop..
“Collaboration and a company's ability to leverage the collective knowledge of a community will be the keys to future prosperity”
-Economist Intelligence Unit
“The EU policies of developing research for the global knowledge based economy focus increasingly on collaborative research”
-EC FP7

Open Innovation and FP7
Formalises collaborative efforts
Requires international approach
Significant budget
Pragmatic
Target driven

Wavebob - STANDPOINT
Three year FP7 funded project
250kW grid connected in Portugal
Commenced November 2009
€5.1m EC contribution
Focussed on demonstration of best practice in design, deployment and operation

“Those who say it cannot be done, should not interrupt those already doing it”
Chinese proverb
www.wavebob.com

Wavebob Overview - Andrew Parish - Wavebob - Stanford - Jan 11 2010

by Burton Lee on Jan 12, 2010

Accessibility

Categories

Tags

Upload Details

Usage Rights

2 Embeds 10

Statistics

Wavebob Overview - Andrew Parish - Wavebob - Stanford - Jan 11 2010 — Presentation Transcript

http://www.slideshare.net	9
http://webcache.googleusercontent.com	1