arena & ocean energy clean energy week 2014
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ARENA & Ocean Energy Clean Energy Week 2014. Louise Vickery. General Manager, Renewable Futures ARENA 23 July 2014. ARENA investment in Ocean Energy to date. Deployment (Small Scale). Research and Development. Deployment (Large Scale). Biowave ( oscillating wave surge converter ) - PowerPoint PPT PresentationTRANSCRIPT
ARENA & Ocean EnergyClean Energy Week 2014Louise VickeryGeneral Manager, Renewable Futures ARENA23 July 2014
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ARENA investment in Ocean Energy to date
ARENA has invested in a variety of projects
($21.3million)
o RESEARCH AND DEVELOPMENT
o Resource characterisation
o Environmental impact studies
o DEMONSTRATION PROJECTS
o Varying technology types
o Grid connection
Research and Development
Deployment (Small Scale)Deployment (Large Scale)
CSIRO Wave Atlas
Resource characterisation
Others
Array modelling and environmental impact studies
Biowave (oscillating wave surge converter)
1 unit, 250kW, grid connected
Carnegie CETO 5 (point absorber)3 units, 2MW, DoD grid
Oceanlinx (oscillating water column)
1 unit, 1MW, grid connected
Carnegie CETO 6 (point absorber)3 units, 3MW, DoD grid
Victorian Wave Partners (point absorber)
Multiple units, up to 19MW, grid connected
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Why do we invest in ocean energy ?
Potential of ocean Energy
o Australia has great ocean energy
resource
o Potential forecasting longer range than
wind or solar
o 24/7 potential
o Diversify Australia’s clean energy
future
ocean energy is a nascent industry
o wide variety of device types, few
demonstrated at scale
o Australian companies/ingenuity
combined with ARENA projects will add
to the pool of global knowledge
Australia’s Wave Resources: CSIRO, Ocean Renewable Energy 2015-2050
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ARENA’s ocean energy investment strategy
Technology/Area% of
committed funds
Big solar projects 33.5 %Bioenergy 5.3 %Geothermal 8.9 %Hybrid/enabling 2.2 %Hydropower 0.1 %ocean Energy (5 -) 10 %REVC 9.5 %Solar R&D 16.5 %Solar skills 1.8 %Other 12.5 %TOTAL 100.0%
Our projects will provide data on
o ECONOMIC CASE
o where the best sites are for ocean
energy investments
o understanding of performance and
project cost
o skills and infrastructure needed to
support wave energy projects
o ENVIRONMENTAL IMPACT
o impact of wave arrays on ocean
environments
o Managing risk issues
o INTEGRATING WAVE POWER INTO THE GRID
o better understanding of how ocean
energy fits with demand
ARENA’s portfolio and % of committed funds
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Lessons Learnt to dateWAVE PROJECTS ARE COMPLEX
o Overcome harsh environment – the power of the ocean
o Permitting/environmental impact
o Logistics
REQUIRE TECHNOLOGY SPECIFIC SOLUTIONS
o Undersea connections and cabling
o Transportation to site
o Decommissioning
FOUNDATIONS LAID FOR COMMERCIALISATION
o Financing
o Industry skills and capability
o Customer base
ARENA CRUCIAL TO REDUCING FUTURE PROJECT RISK
o Multiple possible points of failure
o Exceptional project logistics and ocean engineering
ingenuity and experience
o Risk management capability required
Carnegie Wave Energy Buoy
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The way ahead – ARENA and ocean energy strategy
Government stated intentions
o Maximise existing project benefits and the $1billion
committed to date
o Existing contracts meeting milestones unaffected
o Legislation required to pass Parliament
o ARENA business as usual
Looking forward
o ocean energy sector review
o Consult with our existing portfolio, industry and related ocean
bodies
o Examine our projects in light of global trends and the
commercialisation pathway
o Continue to gather and share lessons learnt with the industry
Tidal resources in King Sound, WA: CSIRO, Ocean Renewable Energy 2015-2050
arena.gov.au
Thank you