Wavebob Overview - Andrew Parish - Wavebob - Stanford - Jan 11 2010
This document discusses wave energy as a renewable resource and the company Wavebob's efforts to develop wave energy technology. In 3 sentences: Wavebob is developing wave energy technology through its unique patented designs and has conducted successful sea trials over 10 years of research. As one of the leading wave energy technology companies globally, Wavebob is currently working on a 250kW grid-connected project in Portugal funded through the European Union's FP7 program to demonstrate best practices in wave energy technology design, deployment and operation. The document discusses innovation, creativity, partnerships and open innovation as keys to Wavebob's work to commercialize its wave power technology and prosper in developing a sustainable energy resource from ocean wave energy.
Wavebob Overview - Andrew Parish - Wavebob - Stanford - Jan 11 2010
- 1. Powering the futureAndrew ParishCEOJanuary 2010
- 2. “... and I sensed a loud infinite scream passing through endless nature.” *Edvard Munch: Skrik(The Scream of Nature), 1893Diary notes 1892
- 3. Why Innovate?I =PxAxTImpactAffluenceTechnologyPopulationCapitalism at the Crossroads, SL Hart ‘04
- 4. 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
- 5. 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...
- 6. Market opportunities drive innovationPatents in wave energy technologyOil price
- 7. 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
- 8. Only a handful are facing reality…
- 9. RealitySurvival – Survival - Survival
- 10. Our companyMission to be the leading wave power technology companyEstablished in 199910 years of research and successful sea trials Funded - ‘4 F’s’ - industry partners, strategicsCurrently one of top technologies in wave energy globallySubsidiaries in key-markets: Ireland, UK, US10
- 11. Wavebob product developmentBuild a little; Test a little; Learn a lot!Calculate; Design; Simulate; Test; Verify;…Fail early; fail often; learn quickly..
- 12. Our productWavebob technology is unique and protected by two families of patents covering our global key markets (45 countries).
- 13. Our approachMarket PullBestPartnersBestPlanBestPeoplePhDMBAMarineOpen InnovationSystems EngineeringValuesExcellence – Commercial – Partnered – Innovative - Respect Commercialisation strategyIPInnovationWinning technology13
- 14. Our partnersResearchTechnologyOpeninnovation Funding Strategic customersInternational network
- 15. 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
- 16. Open Innovation and FP7Formalises collaborative effortsRequires international approachSignificant budgetPragmaticTarget driven
- 17. Wavebob - STANDPOINTThree year FP7 funded project250kW grid connected in PortugalCommenced November 2009€5.1m EC contributionFocussed on demonstration of best practice in design, deployment and operation
- 18. “Those who say it cannot be done, should not interrupt those already doing it”Chinese proverbwww.wavebob.com