1. Ocean Electric Power The Future of Marine Energy The Claverton Group Conference 24 October 2009

2. Today’s Discussion A short history of marine energy Current status The path to a commercial future

3. History Various Victorian wave & tidal concepts 1970s wave programme 1990s technology pioneers 2000s DTi resource measurement programme 2007 MRDF and double ROCs 2009 Scotland 3x & 5x ROCs

4. Salter’s Duck

5. UK Marine Resources

6. Global Wave Power Levels

7. Current Status Technology Test and development facilities Government support

8. Wave Technology Photo copyright Pelamiswave

9. Tidal Turbine Technology

10. Wave Hub

11. Path to Commercial Adoption Technology maturity Sites Government support regimes Grid Project development Funding O&M infrastructure

12. Technology Assessment

14. Project Economics 100MW tidal stream project: 5 year development period 3 year phased construction 14% IRR Capital cost ~ £2.25m/MW 3xROCs Similar load factor to offshore wind ~34% O&M costs: 8% of construction

15. chris.bale@oceanelectricpower.co.uk www.oceanelectricpower.co.uk