open hydro presentation workshop 20100507
TRANSCRIPT
Slide 1 | © OpenHydro Group Limited 2010
OpenHydroMarine Energy and Smart Grid Workshop | 10th May 2010
© OpenHydro Group Limited 2010 | Confidential | James Ives
Slide 2 | © OpenHydro Group Limited 2010
Agenda
1. Tidal Energy
2. Technology Development
Open-Centre Turbine
Turbine Testing
Subsea Installation
3. Commercial Developments
4. OpenHydro
5. Financials
Slide 3 | © OpenHydro Group Limited 2010
Agenda
1. Tidal Energy
2. Technology Development
Open-Centre Turbine
Turbine Testing
Subsea Installation
3. Commercial Developments
4. OpenHydro
5. Financials
Slide 4 | © OpenHydro Group Limited 2010
Tidal Energy
Slide 5 | © OpenHydro Group Limited 2010
Agenda
1. Tidal Energy
2. Technology Development
Open-Centre Turbine
Turbine Testing
Subsea Installation
3. Commercial Developments
4. OpenHydro
5. Financials
Slide 6 | © OpenHydro Group Limited 2010
Open-Centre Turbine
Open-Centre Turbine
The key to the Open-Centre Turbine
lies in the simplicity of design.
If a turbine is to survive in the
marine environment it is essential
that it be both simple and robust.
OpenHydro owns the worldwide
rights to the technology; portfolio of
over 30 secured or pending patents.
Slide 7 | © OpenHydro Group Limited 2010
Open-Centre Turbine
Technology
2. Permanent magnet generator, no gearbox.
3. Scalable design, currently at 10m [1MW rated].
Environmental
1. Large open centre provides an exit route for marine life.
2. Design avoids the need for oils, greases or other lubricating fluids.
3. Retention of rotor blades within the outer housing.
1. Simple construction with only one
moving part and no seals.
Slide 8 | © OpenHydro Group Limited 2010
Agenda
1. Tidal Energy
2. Technology Development
Open-Centre Turbine
Turbine Testing
Subsea Installation
3. Commercial Developments
4. OpenHydro
5. Financials
Slide 9 | © OpenHydro Group Limited 2010
Turbine Testing
Turbine Testing
Testing performed at the publicly financed
European Marine Energy Centre1 (EMEC) in
Orkney off the coast of northern Scotland.
No ‘soft option’ with some of Europe's
strongest tides (8.5 knots) and extreme
weather climate.
OpenHydro is the only tidal developer to
have installed and tested a device at EMEC.1 Reference: www.emec.org.uk OpenHydro’s Turbine Research Structure
Slide 10 | © OpenHydro Group Limited 2010
Turbine Testing
Installation Work (2006)
Slide 11 | © OpenHydro Group Limited 2010
Turbine Testing
Slide 12 | © OpenHydro Group Limited 2010
Turbine Testing
Slide 13 | © OpenHydro Group Limited 2010
Turbine Testing
Grid Operation
First company to
connect and generate
onto UK national grid
(2008).
Slide 14 | © OpenHydro Group Limited 2010
Turbine Exchange
Since 2006, OpenHydro have tested five 6m
Open-Centre Turbines at the EMEC facility.
Turbine Testing
Slide 15 | © OpenHydro Group Limited 2010
Turbine Testing
Lessons Learnt
The installation at EMEC provides
OpenHydro with an invaluable platform for
tidal turbine research and development.
OpenHydro’s team have unique
knowledge and experience of operating in
strong tidal sites and with grid connection.
For commercial deployments, OpenHydro
do not regard piled structures as viable.
Slide 16 | © OpenHydro Group Limited 2010
Agenda
1. Tidal Energy
2. Technology Development
Open-Centre Turbine
Turbine Testing
Subsea Installation
3. Commercial Developments
4. OpenHydro
5. Financials
Slide 17 | © OpenHydro Group Limited 2010
Subsea Installation
Subsea Deployment
Commercial design is for
turbines mounted directly
on the seabed.
During 2008, OpenHydro
built and deployed its
first seabed mounted
turbine at EMEC.
Slide 18 | © OpenHydro Group Limited 2010
Subsea Installation
Slide 19 | © OpenHydro Group Limited 2010
Subsea Installation
Slide 20 | © OpenHydro Group Limited 2010
Subsea Installation
Slide 21 | © OpenHydro Group Limited 2010
Subsea Installation
Slide 22 | © OpenHydro Group Limited 2010
Subsea Installation
Slide 23 | © OpenHydro Group Limited 2010
Subsea Installation
Lessons Learnt
Our experience has shown us that the appropriate equipment for installing tidal
turbines does not exist in the general marine market.
This new deployment method turns a difficult and lengthy project of many months
into a quick and cost-efficient single day operation.
A cost effective deployment method is essential for developing commercial farms.
Slide 24 | © OpenHydro Group Limited 2010
Agenda
1. Tidal Energy
2. Technology Development
Open-Centre Turbine
Turbine Testing
Subsea Installation
3. Commercial Developments
4. OpenHydro
5. Financials
Slide 25 | © OpenHydro Group Limited 2010
Commercial Developments
Nova Scotia Power Inc (NSPI)
Installation of 10m (1MW rated) turbine in Bay of Fundy for Nova Scotia Power.
Slide 26 | © OpenHydro Group Limited 2010
Commercial Developments
10m Open-Centre Turbine (1MW Rated)
Slide 27 | © OpenHydro Group Limited 2010
Commercial Developments
Turbine Deployment (Bay of Fundy)
The installation was completed on first attempt on
the 12th November to a high degree of accuracy.
Slide 28 | © OpenHydro Group Limited 2010
Commercial Developments
Électricité De France (EDF)
Installation of four large Open-Centre Turbines for EDF in Brittany site (2011/12).
Slide 29 | © OpenHydro Group Limited 2010
Commercial Developments
16m Turbine Design
The project will feature
an array of 4 x 16m
diameter turbines.
These large turbines
are designed to
maximise the energy
generation at the
project site.
Slide 30 | © OpenHydro Group Limited 2010
Commercial Developments
Slide 31 | © OpenHydro Group Limited 2010
Commercial Developments
Turbine Technology
OpenHydro and EDF are working collaboratively
on the optimisation of the turbine.
Slide 32 | © OpenHydro Group Limited 2010
Commercial Developments
Alderney Renewable Energy (ARE)
OpenHydro holds 20% investment in ARE; site with potential to develop 3GW.
Slide 33 | © OpenHydro Group Limited 2010
Commercial Developments
SSE Renewables (Airtricity)
Awarded license in UK for 200MW joint venture with SSE Renewables (Airtricity).
Slide 34 | © OpenHydro Group Limited 2010
Commercial Developments
SnoPUD
OpenHydro selected by SnoPUD for showcase tidal project in the US.
Slide 35 | © OpenHydro Group Limited 2010
Commercial Developments
Global Resource
An industry estimated to be worth €128bn in equipment sales.
Tidal Resource Assessment
OECD ScaleCanada Tier 1UK Tier 1US Tier 1Japan Tier 1France Tier 1New Zealand Tier 2Australia Tier 2Falklands Tier 3Korea Tier 3Singapore Tier 3Ireland Tier 3
TRANSITIONChina Tier 1India Tier 2Indonesia Tier 2Philippines Tier 2Brazil Tier 2Russia Tier 3
DEVELOPINGGuyana Tier 2
Bangladesh Tier 2New Guinea Tier 2Burma Tier 2Tanzania Tier 2
Slide 36 | © OpenHydro Group Limited 2010
Agenda
1. Tidal Energy
2. Technology Development
Open-Centre Turbine
Turbine Testing
Subsea Installation
3. Commercial Developments
4. OpenHydro
5. Financials
Slide 37 | © OpenHydro Group Limited 2010
OpenHydro
Company Background
OpenHydro was formed in 2004 following the
acquisition of the world technology rights to the
Open-Centre Turbine.
40 employees across two main locations:
Greenore Technical Centre & Dublin Office.
Project offices in Scotland and Canada.
Experienced Board and Management with
relevant engineering and commercial experience.
Slide 38 | © OpenHydro Group Limited 2010
OpenHydro
Turbine Manufacture
Dedicated research and
development technology centre.
Capacity to manufacture 6m,
10m and 16m turbines.
Slide 39 | © OpenHydro Group Limited 2010
OpenHydro
Slide 40 | © OpenHydro Group Limited 2010
OpenHydro
OpenHydro Team
OpenHydro has targeted the recruitment of exceptional individuals from
international organisations with transferable skills.
Slide 41 | © OpenHydro Group Limited 2010
Agenda
1. Tidal Energy
2. Technology Development
Open-Centre Turbine
Turbine Testing
Subsea Installation
3. Commercial Developments
4. OpenHydro
5. Financials
Slide 42 | © OpenHydro Group Limited 2010
2006 2007 2008 2009 2013
EMEC Research Structure
Capi
tal C
ost P
er M
W
EMEC Subsea Deployment
Nova Scotia Deployment
First 100MW Installation
€24m /MW
€3m/MW
€7m /MW
€1.6m/MW
Tidal Farm Economics
Significant reduction in capital cost already achieved.
Primary driver is low cost of turbine and installation method.
Further significant cost reductions identified and underway.
Financials
Slide 43 | © OpenHydro Group Limited 2010
Financials
OpenHydro Tidal Turbine Economics
$- $50 $100 $150 $200 $250 $300 $350 $400
Coal Fired
Natural Gas CCGT
Geothermal - Flash Plant
Geothermal - Binary Plant
Municipal Solid Waste
Landfill Gas
Wind - Onshore
Biomass - Incineration
Biomass - Gasification
Biomass - Anaerobic Digestion
Wind - Offshore
STEG - Parabolic Trough
STEG - Parabolic Trough + Storage
PV - Thin Film
PV - Crystalline
Marine - Tidal
Marine - Wave
LCOE Carbon: 15 EUR Carbon: NEF Estimates Central Scenario
OpenHydro predict a cost per
MWh of €117 (ex financing).
Primary drivers are low cost
of manufacture & installation.
Slide 44 | © OpenHydro Group Limited 2010
Thank [email protected]
© OpenHydro Group Limited 2010 | Confidential | James Ives