08 nathan faulks
TRANSCRIPT
Opportunities in Wave EnergyOpportunities in Wave Energy
COMMERCIAL IN CONFIDENCE
OceanlinxCompany formed as Energetech Australia in 1997
GWH / Wavelinx Lda established 2008
Headquarters Sydney: 25+ staffHeadquarters Sydney: 25+ staff
European & North American staff
Global patents for OWC and turbine
Strong shareholder base
NewEnergyFund
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Basic Concepts
Energy in waves is extracted through a Oscillating Water Column (OWC)…
… and converted into electricity by using a turbine‐generator set.
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OLX technology evolutionMk3>2.5MW
Mk21.5MW
Mk1500kW
1997-2006 2007-2008 2009-2010
Timeline
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OLX “Steel in the Water”
1/3-scale research unit(floating)
Full scale evaluation unit(fixed to seabed)
Pre Commercial scale unit(floating)(floating) ( g)
•Complete system design• International contracts• Real sea OWC operation
•Offshore design and operation
•No turbine just data•Full structural demo•Two turbines Real sea OWC operation
• Demo Dennis Auld turbine• Near shore marine
ti
o tu b e just data•System dynamics andOWC operation•Marine operations
i
Two turbines•Power Matrix•Modelling verification•Design convergence
poperations pexperience
2005 - 2009 2007-2008 2009-2010
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The Oceanlinx Mk3 Wave Energy ConverterMark 3 PCMark 3 PC
• Deployed in Port Kembla
(A t li )(Australia)
• 8 OWCs
• 2 chambers with turbines• 2 chambers with turbines
• 6 damped chambers
• Demonstration scale device• Demonstration scale device
• 200 m off shore
• Grid connected and exporting
power
• Transformer and 11kV grid
connection
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Mk3 Wave Energy ConverterMain Features• Approx 2,000 tonnes
• >2.5 MW rated capacity
• Survivability in a 100 years storm
• 25 year design life
• Fully certified design by mid 2010
Key Strengths• Protection of PTO from wave energy
• No emissions or corrosive substances
• Unmanned and remotely controlled
• Simple hardware
• Single moving part (turbo‐gen set)
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Full Scale Demonstration in Portugal• Wavelinx established
• Technology• Established and proven through private
funding
• Government Grants Required
• Balance private investmentp
• Encourage early deployments
• TariffTariff
• Revenue support mechanism to encourage
energy generationenergy generation
• Pilot ZoneE bli h d P G
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• Established: Portuguese Government
• Operations: REN
Oceanlinx / WavelinxStrategic Partners & Ultimate Shareholders
NewNewEnergyFund
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Partners & Supply Chainpp y• Financial • Academic / Research
• Enhance and customise
E i l & P li• Environmental & Policy
• Industrial• Ship yards – fabrication & assembly
• Component suppliers• Component suppliers
•Offshore deployment and O&M
• Electricity generation•Government
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Government
• Policy
Oceanlinx Limitedwww.oceanlinx.comwww.oceanlinx.com
Nathan Faulks Business Development Director
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Business Development [email protected]