Open hydro presentation workshop 20100507


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Open hydro presentation workshop 20100507

  1. 1. OpenHydro Marine Energy and Smart Grid Workshop | 10 th May 2010 © OpenHydro Group Limited 2010 | Confidential | James Ives
  2. 2. <ul><ul><li>Agenda </li></ul></ul><ul><ul><ul><ul><li>Tidal Energy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Technology Development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Open-Centre Turbine </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Turbine Testing </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Subsea Installation </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Commercial Developments </li></ul></ul></ul></ul><ul><ul><ul><ul><li>OpenHydro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Financials </li></ul></ul></ul></ul>
  3. 3. <ul><ul><li>Agenda </li></ul></ul><ul><ul><ul><ul><li>Tidal Energy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Technology Development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Open-Centre Turbine </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Turbine Testing </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Subsea Installation </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Commercial Developments </li></ul></ul></ul></ul><ul><ul><ul><ul><li>OpenHydro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Financials </li></ul></ul></ul></ul>
  4. 4. Tidal Energy
  5. 5. <ul><ul><li>Agenda </li></ul></ul><ul><ul><ul><ul><li>Tidal Energy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Technology Development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Open-Centre Turbine </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Turbine Testing </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Subsea Installation </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Commercial Developments </li></ul></ul></ul></ul><ul><ul><ul><ul><li>OpenHydro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Financials </li></ul></ul></ul></ul>
  6. 6. Open-Centre Turbine <ul><li>Open-Centre Turbine </li></ul><ul><li>The key to the Open-Centre Turbine lies in the simplicity of design. </li></ul><ul><li>If a turbine is to survive in the marine environment it is essential that it be both simple and robust. </li></ul><ul><li>OpenHydro owns the worldwide rights to the technology; portfolio of over 30 secured or pending patents. </li></ul>
  7. 7. Open-Centre Turbine <ul><li>Technology </li></ul><ul><li>Permanent magnet generator, no gearbox. </li></ul><ul><li>Scalable design, currently at 10m [1MW rated]. </li></ul><ul><li>Environmental </li></ul><ul><li>Large open centre provides an exit route for marine life. </li></ul><ul><li>Design avoids the need for oils, greases or other lubricating fluids. </li></ul><ul><li>Retention of rotor blades within the outer housing. </li></ul><ul><li>Simple construction with only one moving part and no seals. </li></ul>
  8. 8. <ul><ul><li>Agenda </li></ul></ul><ul><ul><ul><ul><li>Tidal Energy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Technology Development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Open-Centre Turbine </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Turbine Testing </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Subsea Installation </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Commercial Developments </li></ul></ul></ul></ul><ul><ul><ul><ul><li>OpenHydro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Financials </li></ul></ul></ul></ul>
  9. 9. Turbine Testing <ul><li>Turbine Testing </li></ul><ul><li>Testing performed at the publicly financed European Marine Energy Centre 1 (EMEC) in Orkney off the coast of northern Scotland. </li></ul><ul><li>No ‘soft option’ with some of Europe's strongest tides (8.5 knots) and extreme weather climate. </li></ul><ul><li>OpenHydro is the only tidal developer to have installed and tested a device at EMEC. </li></ul>1 Reference: OpenHydro’s Turbine Research Structure
  10. 10. Turbine Testing Installation Work (2006)
  11. 11. Turbine Testing
  12. 12. Turbine Testing
  13. 13. Turbine Testing <ul><li>Grid Operation </li></ul><ul><li>First company to connect and generate onto UK national grid (2008). </li></ul>
  14. 14. <ul><li>Turbine Exchange </li></ul><ul><li>Since 2006, OpenHydro have tested five 6m Open-Centre Turbines at the EMEC facility. </li></ul>Turbine Testing
  15. 15. Turbine Testing <ul><li>Lessons Learnt </li></ul><ul><li>The installation at EMEC provides OpenHydro with an invaluable platform for tidal turbine research and development. </li></ul><ul><li>OpenHydro’s team have unique knowledge and experience of operating in strong tidal sites and with grid connection. </li></ul><ul><li>For commercial deployments, OpenHydro do not regard piled structures as viable. </li></ul>
  16. 16. <ul><ul><li>Agenda </li></ul></ul><ul><ul><ul><ul><li>Tidal Energy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Technology Development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Open-Centre Turbine </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Turbine Testing </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Subsea Installation </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Commercial Developments </li></ul></ul></ul></ul><ul><ul><ul><ul><li>OpenHydro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Financials </li></ul></ul></ul></ul>
  17. 17. Subsea Installation <ul><li>Subsea Deployment </li></ul><ul><li>Commercial design is for turbines mounted directly on the seabed. </li></ul><ul><li>During 2008, OpenHydro built and deployed its first seabed mounted turbine at EMEC. </li></ul>
  18. 18. Subsea Installation
  19. 19. Subsea Installation
  20. 20. Subsea Installation
  21. 21. Subsea Installation
  22. 22. Subsea Installation
  23. 23. Subsea Installation <ul><li>Lessons Learnt </li></ul><ul><li>Our experience has shown us that the appropriate equipment for installing tidal turbines does not exist in the general marine market. </li></ul><ul><li>This new deployment method turns a difficult and lengthy project of many months into a quick and cost-efficient single day operation. </li></ul><ul><li>A cost effective deployment method is essential for developing commercial farms . </li></ul>
  24. 24. <ul><ul><li>Agenda </li></ul></ul><ul><ul><ul><ul><li>Tidal Energy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Technology Development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Open-Centre Turbine </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Turbine Testing </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Subsea Installation </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Commercial Developments </li></ul></ul></ul></ul><ul><ul><ul><ul><li>OpenHydro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Financials </li></ul></ul></ul></ul>
  25. 25. Commercial Developments Nova Scotia Power Inc (NSPI) <ul><li>Installation of 10m (1MW rated) turbine in Bay of Fundy for Nova Scotia Power. </li></ul>
  26. 26. Commercial Developments 10m Open-Centre Turbine (1MW Rated)
  27. 27. Commercial Developments <ul><li>Turbine Deployment (Bay of Fundy) </li></ul><ul><li>The installation was completed on first attempt on the 12 th November to a high degree of accuracy. </li></ul>
  28. 28. Commercial Developments Électricité De France (EDF) <ul><li>Installation of four large Open-Centre Turbines for EDF in Brittany site (2011/12). </li></ul>
  29. 29. Commercial Developments <ul><li>16m Turbine Design </li></ul><ul><li>The project will feature an array of 4 x 16m diameter turbines. </li></ul><ul><li>These large turbines are designed to maximise the energy generation at the project site. </li></ul>
  30. 30. Commercial Developments
  31. 31. Commercial Developments <ul><li>Turbine Technology </li></ul><ul><li>OpenHydro and EDF are working collaboratively on the optimisation of the turbine. </li></ul>
  32. 32. Commercial Developments Alderney Renewable Energy (ARE) <ul><li>OpenHydro holds 20% investment in ARE; site with potential to develop 3GW. </li></ul>
  33. 33. Commercial Developments SSE Renewables (Airtricity) <ul><li>Awarded license in UK for 200MW joint venture with SSE Renewables (Airtricity). </li></ul>
  34. 34. Commercial Developments SnoPUD <ul><li>OpenHydro selected by SnoPUD for showcase tidal project in the US. </li></ul>
  35. 35. Commercial Developments Global Resource <ul><li>An industry estimated to be worth €128bn in equipment sales. </li></ul>Tidal Resource Assessment OECD Scale Canada Tier 1 UK Tier 1 US Tier 1 Japan Tier 1 France Tier 1 New Zealand Tier 2 Australia Tier 2 Falklands Tier 3 Korea Tier 3 Singapore Tier 3 Ireland Tier 3 TRANSITION China Tier 1 India Tier 2 Indonesia Tier 2 Philippines Tier 2 Brazil Tier 2 Russia Tier 3 DEVELOPING Guyana Tier 2 Bangladesh Tier 2 New Guinea Tier 2 Burma Tier 2 Tanzania Tier 2
  36. 36. <ul><ul><li>Agenda </li></ul></ul><ul><ul><ul><ul><li>Tidal Energy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Technology Development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Open-Centre Turbine </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Turbine Testing </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Subsea Installation </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Commercial Developments </li></ul></ul></ul></ul><ul><ul><ul><ul><li>OpenHydro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Financials </li></ul></ul></ul></ul>
  37. 37. OpenHydro <ul><li>Company Background </li></ul><ul><li>OpenHydro was formed in 2004 following the acquisition of the world technology rights to the Open-Centre Turbine. </li></ul><ul><li>40 employees across two main locations: Greenore Technical Centre & Dublin Office. </li></ul><ul><li>Project offices in Scotland and Canada. </li></ul><ul><li>Experienced Board and Management with relevant engineering and commercial experience. </li></ul>
  38. 38. OpenHydro <ul><li>Turbine Manufacture </li></ul><ul><li>Dedicated research and development technology centre. </li></ul><ul><li>Capacity to manufacture 6m, 10m and 16m turbines. </li></ul>
  39. 39. OpenHydro
  40. 40. OpenHydro OpenHydro Team <ul><li>OpenHydro has targeted the recruitment of exceptional individuals from international organisations with transferable skills. </li></ul>
  41. 41. <ul><ul><li>Agenda </li></ul></ul><ul><ul><ul><ul><li>Tidal Energy </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Technology Development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Open-Centre Turbine </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Turbine Testing </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Subsea Installation </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Commercial Developments </li></ul></ul></ul></ul><ul><ul><ul><ul><li>OpenHydro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Financials </li></ul></ul></ul></ul>
  42. 42. <ul><li>Tidal Farm Economics </li></ul><ul><li>Significant reduction in capital cost already achieved. </li></ul><ul><li>Primary driver is low cost of turbine and installation method. </li></ul><ul><li>Further significant cost reductions identified and underway. </li></ul>Financials
  43. 43. Financials OpenHydro Tidal Turbine Economics <ul><li>OpenHydro predict a cost per MWh of €117 (ex financing). </li></ul><ul><li>Primary drivers are low cost of manufacture & installation. </li></ul>
  44. 44. Thank You [email_address] © OpenHydro Group Limited 2010 | Confidential | James Ives