OES Annual Report 2012 - Ocean Energy Systems

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05/ DEVELOPMENT OF THE INTERNATIONAL OCEAN ENERGY INDUSTRY: PERFORMANCE IMPROVEMENTS AND COST REDUCTIONS INVITED PAPERS: Cost Reduction Pathways for Wave Energy Mirko Previsic, Re Vision Consulting ESB Ocean Energy Projects – A Utility Perspective on Cost and Performance Requirements John Fitzgerald and Fergus Sharkey, ESB Ocean Energy UK wave and tidal projects – Update and look ahead John Callaghan, The Crown Estate From turbine prototype to prototyping an industry: a critical change in perspective Chris M Campbell and Elisa Obermann, Marine Renewables Canada Tracey Kutney, CanmetENERGY, Natural Resources Canada
108 COST-REDUCTION PATHWAYS FOR WAVE ENERGY Mirko Previsic 1 Re Vision Consulting / Sacramento, California INTRODUCTION Marine renewable energy, including wave energy, has made continuous progress towards commercialization over the last five years. The impetus behind this evolution in recent years has been the knowledge gained from the deployment of pilot devices, and a focus, more recently, on the deployment of small arrays in Europe. This evolution not only has advanced the commercialization of wave energy technology, it has also provided data that enhance our understanding of the cost drivers and the economics of these projects – data that point to higher commercial opening costs than previously anticipated. This paper discusses important considerations for evaluating technologies in the wave energy sector, including: ÌÌ The projected cost as a function of technology maturity ÌÌ Uncertainty ranges in the cost assessment process ÌÌ Economies of scale with regard to plant size ÌÌ Learning curves Ì Ì Technology innovations that can make a significant contribution to long-term cost reductions Cost Predictions at Different Technology Maturity Levels The trend of increasing cost predictions observed over the last decade in marine energy is very common in the development of new technologies and new industry sectors. It is typical that during the early phases of product development designers both are optimistic about device performance and have a limited understanding of all the factors that will eventually contribute to lifecycle cost and performance. As a design matures, a morecomplete understanding of all aspects of the technology emerges, and cost predictions tend to move higher, as shown in Figure 1. With the deployment of the first commercial machine, the various components of a system’s economic viability become fully quantified and understood. This baseline understanding can then be used to develop second-generation technologies, which can be used to reduce cost. Lab/Idea Prototype Commercial Volume Production COST STAGE OF DEVELOPMENT FIGURE 1 : Project cost as a function of development stage. 1 Mirko Previsic is the principal at Re Vision Consulting (re-vision.net). Over the past decade, he has focused on accelerating innovation cycles in the marine renewable sector, with a clear focus on economic viability. Contact him at mirko@re-vision.net. ANNUAL REPORT 2012
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ANNUAL REPORT 2012/ IMPLEMENTING AG
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2012 Annual Report Published by: Th
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IV ANNUAL REPORT 2012
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VI ANNUAL REPORT 2012
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VIII The title of the second invite
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2 1.1 / ABOUT THE IEA The Internati
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4 1.4 / OES’S STRATEGIC PLAN The
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6 ANNUAL REPORT 2012
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8 2.1 / MEMBERSHIP The Implementing
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10 2.3 / WORK PROGRAMME & MANAGEMEN
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12 2.5 / SPONSORSHIP Ocean Energy S
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14 3.1 / DISSEMINATION AND OUTREACH
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16 3.2 / ANNEX IV: ASSESSMENT OF EN
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18 3.3 / ANNEX V: EXCHANGE AND ASSE
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20 The first version of the Interna
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22 4.1 / MEMBER COUNTRIES (ordered
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24 WavEC has been further participa
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26 FIGURE 1: Field trip to Wavestar
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28 Main Public Funding Mechanisms T
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30 UNITED KINGDOM Karen Dennis Depa
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32 NORTHERN IRELAND In October 2012
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34 SCOTLAND ÌÌ Scottish Renewable
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36 The Study has produced a series
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38 In the Northern Ireland (NI) off
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40 Technology Development Technolog
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42 Support Initiatives and Market S
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44 The Electricity Research Centre
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46 CANADA Tracey Kutney 1 2 , Jonat
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48 Relevant documents released ÌÌ
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50 Fundy Tidal Inc., a community-ba
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52 Support Initiatives and Market S
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54 In addition to technology advanc
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Page 67 and 68: 58 BELGIUM Mathias Damen and Julien
Page 69 and 70: 60 GERMANY Jochen Bard Fraunhofer I
Page 71 and 72: 62 Voith Hydro Wavegen in Inverness
Page 73 and 74: 64 NORWAY Carl Gustaf Rye-Florentz
Page 75 and 76: 66 -off units with a total of 240 k
Page 77 and 78: 68 MEXICO Sergio M. Alcocer 1 , Ger
Page 79 and 80: 70 RESEARCH & DEVELOPMENT Governmen
Page 81 and 82: 72 SPAIN José Luis Villate TECNALI
Page 83 and 84: 74 A new R&D project on wave energy
Page 85 and 86: 76 The Oceanic Platform of the Cana
Page 87 and 88: 78 ITALY Gerardo Montanino GSE INTR
Page 89 and 90: 80 Participation in Collaborative I
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Page 93 and 94: 84 RESEARCH & DEVELOPMENT Governmen
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Page 97 and 98: 88 Blue Energy Blue Energy is an in
Page 99 and 100: 90 renewable energy technologies, i
Page 101 and 102: 92 REPUBLIC OF KOREA Keyyong Hong K
Page 103 and 104: 94 Relevant Documents Released The
Page 105 and 106: 96 The HyTide 110-5.3 horizontal ax
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Page 111 and 112: 102 RESEARCH & DEVELOPMENT Governme
Page 113 and 114: 104 FRANCE Georgina Grenon 1 and Ya
Page 118 and 119: 109 05 / DEVELOPMENT OF THE INTERNA
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Page 148 and 149: 139 06 / STATISTICAL OVERVIEW OF OC
Page 158: OCEAN ENERGY SYSTEMS (OES) www.ocea
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OES Annual Report 2012 - Ocean Energy Systems

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