Growth opportunities in Europe’s ocean energy sector opportunities in Europe’s ocean energy sector Christopher Ridgewell Chief Technology Office, AW-Energy Oy 18 May 2016 Average

WaveRoller Growth opportunities in Europe’s ocean

energy sector

Christopher Ridgewell Chief Technology Office, AW-Energy Oy

18 May 2016

Average Flux

Wave 50000 W/m

Wind 350 W/m2

Solar 150 W/m2

1993

• Invention & early concept development

1999

• Proof-of-concept: small scale prototype installation

2000

• Laboratory and analytical verification

2005

• Small-scale wave farm installed at ocean site

2007

• 1:4 scale prototype at fully exposed ocean site

2012

• Grid-connected, 1:2 scale, multiple units at ocean site

2016

• Full-scale, fully exposed & grid-connected device

2017

• Grid-connected & fully operational wave farm

WaveRoller synergies with established marine industries

Some WEC challenges

Marine industry experience

WaveRoller adoption of

best practice

Wave Energy Converters must handle the extremes

Marine asset design grounded on codified operational experience

Recommended practices from the offshore industry form the basis of WaveRoller's structural design & verification and validated at sea trials

End

ura

nce

Energy must also be captured in calm conditions to achieve LCOE targets

For ship operators extra weight or resistance hits profitability

AW Energy has demonstrated WaveRoller's capture efficiency and power take off efficiency

Perf

orm

ance

New technologies face supply chain quality and lead time challenges

Shipbuilding apply international regulations eases which ease supply chain restrictions

WaveRoller technology is developed considering shipbuilding manufacturability and recognised codes & standards

Pro

cure

men

t

Stakeholders must be confident in wave energy technology

Shipping is a capital intense industry where 3rd party services originated

Risk based design methodologies from offshore practice have guided WaveRoller's technology qualification, validation and certification

Co

nfi

den

ce

3rd Party Validation of WaveRoller Technology

February 2014

Validation of power

performance

November 2014

Inspection after

operation

February 2015

Statement of Feasibility

September 2015

Endorsement of TQ plan

2017

Certificate of fitness for

service

Prototype certificate

2016

Opportunities for Europe’s Maritime Industries

Panel

Bearings

Foundation

Power Take Off

Site Survey

Vessels

Diving

Marine O&M

7200 GW new generating capacity needed by 2040

7 out of every 10 units of additional capacity through to 2030 projected to be low carbon

325 Billion dollars invested in clean energy in 2015

700 GW potential to install ocean energy by 2050, giving

• 5,2 Billion tonnes CO2 savings

• 160,000 direct jobs

500 + GW global nearshore practical potential for WaveRoller

• 30 worldwide patents

• Global project pipeline

Me

gatr

en

ds

Christopher Ridgewell Chief Technology Officer

AW-Energy Oy

[email protected]