![MARTIN MCADAM CHIEF EXECUTIVE OFFICER AQUAMARINE POWER 10 ST ANDREW SQUARE EDINBURGH EH2 2AF UNITED KINGDOM Tel: +44 131 718 6611 Fax: +44 131 718 6100 Mobile: +44 7590 350100 Email: [email_address] Web: www.aquamarinepower.com](https://image.slidesharecdn.com/martinmcadampresentation-100607032843-phpapp01/85/Martin-mc-adam-presentation-23-320.jpg)
Martin mc adam presentation
- 1. MAKING MARINE RENEWABLE ENERGY MAINSTREAM MARTIN McADAM, CEO, AQUAMARINE POWER
- 2. IN BRIEF WHY MARINE ENERGY? Vas t global resource - wave power alone could produce up to 80,000TWh/year (five times global electricity consumption) Wave - less intermittent, out of phase and much more predictable than wind Tidal – completely predictable As the renewable energy mix diversifies, issues of intermittency and stability are reduced
- 3. WHERE ARE THE OPPORTUNITIES FOR TIDAL ENERGY IN IRELAND?
- 4. WHERE ARE THE OPPORTUNITIES FOR WAVE ENERGY IN IRELAND?
- 5. WHERE ARE THE OPPORTUNITIES FOR WAVE ENERGY IN IRELAND? ATLANTIC SEA IRISH SEA
- 6. KEY REQUIREMENTS OF WAVE ENERGY TECHNOLOGY Wave energy technology must be... Easy to build Easy to install Easy to operate Easy to maintain Easy to diagnose Built to survive Able to produce power in all weather conditions
- 7. WAVE ENERGY TECHNOLOGIES OVERTOPPING – Low energy machine OSCILLATING WATER COLUMN – Huge structure SNAKE / ATTENUATOR – Huge structure; complexity HEAVING BUOY / POINT ABSORBER – Energy extraction
- 8. DESIGNED SIMPLICITY – OSCILLATING WAVE SURGE CONVERTER
- 9. KEY ADVANTAGES OF OYSTER! Oyster is... Easy to build Easy to install Easy to operate Easy to maintain Easy to diagnose Built to survive Able to produce power in all weather conditions
- 11. EMEC: OYSTER 1 Oyster 1 WEC Onshore hydraulic power conversion EMEC grid substation 500m pipelines
- 12. Accessible – generation equipment is onshore – accessible 24/7 Reliable – conventional hydro-electric power station – proven, reliable Survivability – no “survival mode”, naturally ducks under extreme waves and keeps generating High capture factor – uniform wave direction, amplified surge forces Economies of scale – one generator, multiple flaps & low cost fabrication Low weight to power ratio - compared to alternatives, including offshore wind OYSTER KEY BENEFITS
- 14. MARINE ENERGY IN IRELAND
- 15. Ireland has a huge wave resource: Potential to meet 75% of Ireland’s current energy demand (7.8GW installed) Target of 75MW by 2012 and 500MW by 2020 = around 10% of Ireland’s renewable portfolio WAVE ENERGY – THE OPPORTUNITY FOR IRELAND LOCATION OF GLOBAL OYSTER RESOURCE (%)
- 16. THE SCALE OF THE OPPORTUNITY
- 17. MARINE ENERGY THE BENEFITS FOR IRELAND Clean energy – significant carbon savings Security of supply (91% of Ireland’s energy supply was imported in 2006) Creation of a new industry and highly skilled employment in Ireland Whilst the €220 per MWh costs the consumer, it is likely to reduce the market price sufficiently to more than offset this cost, as seen with wind Potential to create export market for Ireland – power, technology, skills, IP
- 18. NOT JUST ABOUT THE COST… ITS ABOUT THE BENEFIT
- 19. GERMANY REAPING THE BENEFITS Creating saving of €6.1bn Increase in domestic turnover from installation/operation of renewables systems – increase from €18.1bn in 2005 to around €22.9bn in 2006 Increase in employment in renewable sector – rose from 160,000 in 2004 to over 230,000 in 2006 Creation of export market – over 70% of wind production technology exported Reduced carbon emissions - CO 2 emissions reduced by 100m tonnes in 2006
- 20. MARINE ENERGY POSITIVE STEPS IN IRELAND Significant government support for marine energy in Ireland: Commitment to REFIT (€220 per MWh feed in tariff) Development of Belmullet test centre Establishment of Ocean Energy Development Unit (OEDU) Establishment of SEI Prototype Development Fund Smart Bay Project (Galway)
- 21. WHAT’S NEXT? THE WAY FORWARD Wave power must have at least 500MW of grid capacity allocated to it outside of the gate process Urgent streamlining of licensing and leasing the seabed - clear, consistent and proactive policies and processes Developer support for MRIA (Marine Renewable Industry Association) and OEDU (Ocean Energy Development Unit) Continued commitment to REFIT scheme
- 23. MARTIN MCADAM CHIEF EXECUTIVE OFFICER AQUAMARINE POWER 10 ST ANDREW SQUARE EDINBURGH EH2 2AF UNITED KINGDOM Tel: +44 131 718 6611 Fax: +44 131 718 6100 Mobile: +44 7590 350100 Email: [email_address] Web: www.aquamarinepower.com
Editor's Notes
- #16: Irish demand in 2010 looks to be about 30TWh (reference the GAR http://www.eirgrid.com/media/Update%20to%20Generation%20Adequacy%20Report%202009-2015.pdf ) Projected forward to 2020 it looks like it will be between 35TWh and 42TWh (not accounting for a significant uptake of electric vehicles). This would mean an installed capacity of between 4.9GW and 5.9GW of renewable (operating with a capacity factor of 33%) to meet the 40% target of 2020 Therefore if marine provides 500MW this would be less than 10% of the renewable portfolio. It is widely understood wave could provide for 75% of current demand, i.e. 7.8GW installed. About 3GW of this is near shore.
- #18: Energy import stat (ref: Eurostat, the Statistical Office of the European Communities, 2008 - http://www.eds-destatis.de/en/press/download/08_07/098-2008-07-10.pdf)