Sue Barr, External Affairs Manager Feb 2017

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Presentation transcript:

Sue Barr, External Affairs Manager Feb 2017 OpenHydro Update Sue Barr, External Affairs Manager Feb 2017

Company overview and strategy

1. Company overview and strategy Tidal energy The company’s vision is to deploy turbine arrays under the ocean’s surface to produce energy silently, invisibly and with no impact on the environment.

1. Company Overview and Strategy Turbine testing OpenHydro has been testing at the European Marine Energy Centre (EMEC) since 2006; grid connected in 2008. 2014/15/16 testing focused on new power convertor (ABB) and in-house developed control system: Over 10,500 hours testing of current turbine. 16% improvement in turbine efficiency.

Our Team 144 People across the business 1. Company Overview and Strategy Our Team 144 People across the business 45% Engineering, 23 % project services and 13% site development. Delivering a turn-key solution

1. Company overview and strategy Tidal resource Canada Large exploitable resource (7.5GW), strong political and financial support. France Second largest European resource (6.5GW), developing framework of support. UK and Ireland Largest European resource (16GW), strong political and financial support. Asia/Pacific Major tidal resource potential identified in Asia Pacific region. Market opportunity Global tidal resource in the range of 90 to 115GW (technically exploitable). This represents a market opportunity of €200bn.

Project portfolio 2. Company roadmap: Commercial arrays 5 3 1 1. EMEC ORKNEY ISLANDS, SCOTLAND 2. EDF PAIMPOL-BRÉHAT, FRANCE 3. BRIMS TIDAL ARRAY ORKNEY ISLANDS, SCOTLAND 4. RACE TIDAL CHANNEL ISLANDS, UK 5. TIDAL VENTURES COUNTY ANTRIM, NORTHERN IRELAND 6. CAPE SHARP TIDAL BAY OF FUNDY, CANADA 7. NORMANDIE HYDRO RAZ BLANCHARD, FRANCE 8. GOTO TIDAL DEMONSTRATION PROJECT GOTO ISLANDS, JAPAN 9. MORLAIS TIDAL DEMONSTRATION ARRAY ANGLESEY, WALES 6 9 2 4 7 8

Company roadmap Technology development

Turbine Control Centre (TCC) Production 2. Company roadmap: Technology development Turbine Control Centre (TCC) Production The first full scale (2MW) TCC’s have been produced for the Cape Sharp (Canada) project.

France 2. Company roadmap: Demonstration projects Customer EDF Location Paimpol-Bréhat Installation 2016 Scale 2 x 16m Turbine rating 2MW

Canada https://vimeo.com/201164567 2. Company roadmap: Demonstration projects Canada Customer Emera Location Bay of Fundy Installation 2016 Scale 2 x 16m Turbine rating 2MW https://vimeo.com/201164567

Japan 2. Company roadmap: Demonstration projects Customer Kyuden Mirai Location Goto Islands Installation 2018 Scale 1 x 16m Turbine rating 2MW

2. Company roadmap Industrialisation

Levelised Cost of Energy (LCoE) 2. Company roadmap: Industrialisation Levelised Cost of Energy (LCoE) OpenHydro is targeting a competitive LCoE: Design / Value engineering Supply chain / Volume effects

Sue.barr@openhydro.com