Ocean Renewable Power Company Chris Sauer, President & CEO 2013 Arctic Energy Summit Akureyri, Iceland October 9, 2013.

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Presentation transcript:

Ocean Renewable Power Company Chris Sauer, President & CEO 2013 Arctic Energy Summit Akureyri, Iceland October 9, 2013

About ORPC Established in 2004 to develop new technology and eco-conscious projects that generate emission-free electricity from rivers and oceans while creating substantial local economic benefits Modular, effective and proven core technology component (turbine generator unit, or TGU) with low vertical profile that has been adapted for tidal, river and deep water ocean current applications An industry leader in development of hydrokinetic energy projects, including community, agency and other stakeholder outreach, environmental protocols, monitoring and licensing, supply chain development, and maximizing community economic opportunities Headquartered in Portland, Maine; operations center in Eastport, Maine; and project development office in Anchorage, Alaska. Currently 25 employees. 2

3 Cobscook Bay TidGen ® Power System is the first hydrokinetic ocean energy project to deliver power to an electric utility grid in all of the Americas. Making History August 2012

4 Self-deploying pontoon support structure tested in Alaska in Power system tested in Maine in Next-generation system to be installed in Igiugig, Alaska in RivGen ® Power System

Energy Supply Issues in the Arctic Reliable energy supply in Arctic communities is critical, a life- or-death situation. Arctic communities are consumers of energy that is not often affordable, reliable or accessible to them, greatly impacting their sustainability. Energy supply to Arctic communities is almost always imported from elsewhere. Responsible and sustainable development of renewable and extractive energy resources is a challenge (and an opportunity) in the Arctic. Because of remoteness and low population densities, energy supply issues in the Arctic are not in the forefront when energy policy is being developed. 5

Arctic Renewable Energy Development The harsh weather, fragile environment, remoteness and unique cultures of Arctic communities make sustainable development of any kind a challenge. Introducing new technology into the Arctic environment adds a whole new level of complexity. Because populations are small and dispersed over large areas, Arctic communities don’t offer the same profit potential as large cities. 6 Challenges Opportunities The Arctic has abundant renewable energy resources, including wind, solar, geothermal, river and tidal current, and wave energy. The “avoided cost” of new electricity supply is very high. Technology exists today for integrating different types of renewable energy into a complete energy supply solution. Arctic communities are motivated and committed to new solutions.

Success Model Successful Projects Reliable, economic, sustainable energy supply for and by northern peoples that create jobs and other long term economic opportunities Technology & Project Developers Renewable energy expertise New technology Replication Arctic Communities & Companies Community Support Local knowledge & expertise Infrastructure Government Policies promoting development Sensible regulations Funding assistance 7