1. Wave Energy
2006 Mk1 Full scale pilot unit
at its best
Sept 2011
COMMERCIAL IN CONFIDENCE

2. Summary
 Currently at TRL 7 and ready for pilot scale deployment at
very competitive costs compared to all renewable energies
 28 patents (granted or pending) internationally
 OLX is one of the most established and credible companies in
the international wave energy technology domain
 OLX is ready to create a centre for excellence in wave
technology
 OLX has commenced the final capital raising process before
commercialisation
COMMERCIAL IN CONFIDENCE

3. Cost projections for greenWAVE
3
COMMERCIAL IN CONFIDENCE

4. Company history & background
 Oceanlinx was founded by Dr Tom Denniss in 1997
 The company currently employs:
• 12 members of staff in the Sydney office
• 10 members of staff across strategic national and international locations
• Over 100 years of staff experience in the development, installation and operation of
marine renewable systems.
 100% Australian developed and owned technology
 All core intellectual property is internationally patent protected
 To date the company has spent $86m developing its wave energy
conversion systems
4
COMMERCIAL IN CONFIDENCE

5. System integration
Asynchronous Air
generator turbine
&
drive
Air
pressure
Renewable
Ocean electricity
OWC
waves
5
COMMERCIAL IN CONFIDENCE

6. Technical milestones
 40,000 hours of operational experience
 5000 hours of electricity generation
 Only wave energy converter to grid connect in Australia
 2005 became the 1st wave energy device to generate desalinated water
aboard a WEC
 1 of 3 devices to achieve grid connection internationally
 Over 8000 hours of laboratory testing (aerodynamic & hydraulic)
 Several years of academic collaboration:
• Hydraulic Marine Research Centre, Australian Maritime College
• Uni. of Wollongong, Queens Uni. Belfast, Sydney Uni., Uni. of New South Wales,
Uni. of Rhode Island, Uni. of Hawaii and most recently Uni. of Adelaide
6
COMMERCIAL IN CONFIDENCE

7. Development milestones - systems
 2005: MK1 full scale prototype unit
o 500kW full scale system operation
o Single fixed shallow water OWC design
o Many thousands of hours of operation between 2005-2009
o 1st time production of desalinated water aboard a wave
energy converter
 2007: MK2 3rd scale prototype
o Represented a 1.5MW rated generating plant
o Provided a significant amount of data on the operational
behaviour of a floating structure OWC in open sea
conditions
o Precursor to considerable technological improvements in
OWC design
 2010: MK3PC 3rd scale prototype
o Represented a 2.5MW rated capacity unit
o Multi-boomerang OWC floating platform
o 1St Australian grid connected WEC
o Validated all design and operating parameters
o Demonstrated grid standard power output
7
COMMERCIAL IN CONFIDENCE

8. Oceanlinx Product and Deployment Evolution
Air Turbines
1st generation: Denniss-Auld
2nd generation: PAT turbine
3rd generation: airWAVE
8
COMMERCIAL IN CONFIDENCE

9. greenWAVE
MAIN FEATURES
Direct evolution from MK1
Fixed concrete construction standing on seabed
Incorporates airWAVE turbine
Electrical power or Desalinated water
Capable of providing 1GL of RO water per year
OLX patented boomerang resonant OWC
Shallow water applications (10 – 15 m)
Robust design promotes survivability - 25 years
9
COMMERCIAL IN CONFIDENCE

10. greenWAVE
TECHNICAL DATA
Length 16.0 m
Width 22.0 m
Draft 10.0 m
Depth 16.0 m
Mass (concrete) 4000 tonnes
Capacity 1 MW
Water depth ~10 m
10
COMMERCIAL IN CONFIDENCE

11. Commercial maturity of device developers
Emerging Energy Program, October 2010
11
COMMERCIAL IN CONFIDENCE

12. International awards and accolades
 2006: St Louis, USA
The International Academy of Science names the Energetech technology as one of
the Ten Most Outstanding Technologies in the World. This award spanned
technologies of all forms, not just energy technologies.
 2009: Shenzhen, China
The United Nations Industrial Development Organization (UNIDO) ranks Oceanlinx
third in its annual list of the Top Ten Renewable Energy Investment Opportunities in
the World.
 2010: Sydney, Australia
The Annual EcoGen Conference names Oceanlinx’s latest wave energy device the
Most Outstanding Clean Energy Technology Innovation of 2010.
12
COMMERCIAL IN CONFIDENCE

13. The way forward
 R & D completed and the designs are ready for full
scale manufacture
 OLX is developing a greenWAVE project for 5MW in
Australia- energy levels in excess of 42kw/m
 OLX intends to hold a Liquidity Event within the next 2
years
 OLX has commenced a capital raising exercise for
AUS$20m
 The new investments could be at OLX or project levels
13
COMMERCIAL IN CONFIDENCE

14. 2007 Mk2 1/3 scale research unit 2010 Mk3 Pre-Commercial scale unit
2005 Mk1 Full scale pilot unit 2007 Mk2 1/3rd scale research unit 2010 Mk3 1/3rd scale unit
Thank You
COMMERCIAL IN CONFIDENCE