European Industrial Initiative Ocean Energy: European Industrial Initiative Alla Weinstein, President

Outline EU Ocean Energy Resource Potential State of the Art Sector Needs Synergies with other Sectors European Industrial Initiative 19/05/2009 European Maritime Day

Ocean Energy Resources 19/05/2009 European Maritime Day

EU Ocean Energy Potential Type Usable Resource Load Factor Yearly Energy Production Tidal Power/Energy 16 GW 2250 h/yr 36,000 GWh/year Wave Power/Energy 65 GW 2190 h/yr 142,350 GWh/year Osmotic Power/Energy 4 GW 7000 h/yr 28,000 GWh/year Total Ocean Energy 85 GW 206,350 GWh/year Ocean Energy has the potential to satisfy approximately 10% of the present European electricity demand Source: Calculations based on the UK MARKAL model. Reference: EU consumed 2,926 TWh in 2007 19/05/2009 European Maritime Day

State of the Art Early Commercialization Large scale pilot/prototype installations A number of test sites available in EU Large utilities are now involved: E.ON, RWE, EDP, EDF, Iberdrola, Dong Energy, Statkraft, Vatenfall 19/05/2009 European Maritime Day

Installed Capacity in Europe Wave ~ 3.15 MW Pico, Azores, PT – 0.4 MW Limpet, Islay, UK – 0.5 MW Pelamis, PT – 2.25 MW Tidal ~ 241 MW Barrage – 240MW La Rance, FR; Current – 1MW (MCT) IE; 19/05/2009 European Maritime Day

Oscillating Water Column LIMPET, Wavegen, UK 2000, 500kW PICO Plant, Portugal 1999, 400kW OE Buoy, Ireland 2006, 20 KW 19/05/2009 European Maritime Day

Offshore Wave - Surface Pelamis, PT 2008, 3x750kW WaveDragon, Denmark 2003, 20kW 19/05/2009 European Maritime Day

Offshore Wave – Point Absorbers Power Buoy, Spain 40kW Wavebob, Ireland 2006, 200kW 19/05/2009 European Maritime Day

Tidal Range – La Rance, France 19/05/2009 European Maritime Day

Tidal Current Devices MTC, 2006, UK Open Hydro, 2007, UK (EMEC) 19/05/2009 European Maritime Day

StatKarft, Norway (randition) Osmotic Energy StatKarft, Norway (randition) 19/05/2009 European Maritime Day

Implementation Scenarious Year 2020 2025 2030 2040 2050 Scenario A [GW] 8 15 20 66 85 Scenario B [GW] 12 68 Scenario A - accelerated development rate, with other technologies developing in a “business as usual” manner. Scenario B - all generation technologies are accelerated development 19/05/2009 European Maritime Day

Sector Needs Economic Incentives Long-term feed-in tariffs have proven to work Electrical Grid Access and Availability A major expansion factor Regulatory Framework Standardization is required Availability of Resource Data Public Awareness 19/05/2009 European Maritime Day

Policies Support Growth 19/05/2009 European Maritime Day

Path to Maturity Technology pull Private investors are looking for: Government support to offset initial risks Feed-in tariffs Long-term power purchase obligations Investor incentives Funding needs to concentrate on demonstration projects 19/05/2009 European Maritime Day

Synergies with Offshore Technologies Offshore Wind Floating support structures Hybrid devices – wind/wave/tidal Desalinization Hydrogen Production Aquaculture Bio-fuels from algae 19/05/2009 European Maritime Day

SET Plan - European Industrial Initiative European Strategic Technology Plan Joint Strategic Planning – align technology development with energy policy goals Effective implementation: European Industrial Initiatives: strategic technology alliances Strengthening European energy research capacities – European Energy Research Alliance Trans-European Energy Networks and Systems of the Future – transition planning 19/05/2009 European Maritime Day

Principles of EU Industrial Initiative Led by industry GOALS: Boost research and innovation Accelerate deployment of technology Deliver progress beyond business-as-usual Define & realise clear targets (quantified objective) Contribute to political goals (energy & climate change) 19/05/2009 European Maritime Day

Rational for European Initiative Share risk High – the EC Medium – Member states Lowest - industry Pool public and private financing Foster public–private partnership Leverage additional resources 19/05/2009 European Maritime Day

EuII Workflow First - decide on the objectives! Activities Structures Resources First - decide on the objectives! Structure & finances based on the objectives and activities Timeline for setting up the EII: 1 – 3 years 19/05/2009 European Maritime Day

An Industrial Initiative Define the objectives - industry & EC Define the technical content - industry & research Identify and involve the relevant actors Identify resources needs Define the structure for implementation Endorsement 19/05/2009 European Maritime Day

Summary Ocean Energy represents large energy generation potential Early commercialisation stage European Industrial Initiative will propel Ocean Energy towards commercial stage 19/05/2009 European Maritime Day

Contact Information: Tel : +32 (0)2 400 10 40 Fax: +32 (0)2 791 90 00 19/05/2009 European Maritime Day