www.albatern.co.uk A more capitalefficient route to reducing
risk so that wave energy can be a viable commercial segment of
renewable generation David Campbell [email protected]
+44 7739 429827
Slide 2
developing commercially viable wave generators Wave Sector
ChallengesAlbatern Solutions Large energetic waves => large
expensive devices Large array made up of smaller modular units
Large one off devices with high capital cost Modular units with
standard components => cost down High deployment costsUsing
local vessels and cranes Lower energy extraction from complex
energy field Fully articulated captures 5 of 6 energy components
Also puts the array to work Grid cost of electricity a tough target
at 0.04-0.07 / kWhr Diesel replacement at costs calculated to be
0.55 0.65 / kWhr Up to 80-100m per company and still a way to go
Risk reduced first with smaller cheaper devices - GBP1.8m to 2 nd
generation units High costs and lower yield = high cost of energy
Reduced costs and higher yield brings cost of energy down
faster
Slide 3
3 developing commercially viable wave generators Waves - A
complex pressure field in which to work hence so many different
concepts Centre of mass and centre of buoyancy allow movement on
all joints. Rams at each joint create hydraulic pressure which is
taken around the array structure and drives marinised hydraulic
motor/generator sets. Electricity is rectified to DC for offtake to
offshore user or shore and then conditioned for use.
Slide 4
developing commercially viable wave generators 2010 Finalist
Innovation Regional Winner Scotland 2013 Greenius Project WATERS2
Project The Team John Findlay, CEO 30 years leading civil
engineering company David Campbell, CFO 15 years in technology
start-ups from seed to AIM fundings David Findlay, CTO 8 years of
marine renewable experience including with Prof Stephen Salter and
ScotRenewables
Slide 5
developing commercially viable wave generators Opportunity
Largest untapped global renewable energy source High energy density
Global market estimated at 60-190 bn/ye ar Carbon Trust Investment
1.24m equity to date; grants of 1.32m secured Next Steps 2014 - 3
unit array with Marine Harvest, Muck, Scotland - 6 unit array at
Galway Bay Wave Test Centre - 3 unit array demonstrator on Scottish
fishfarm Further pipeline of projects Chile, Scotland, Malta,
Norway Commercialise off-grid in aquaculture, island and remote
communities Increase device size to address grid scale project
market. Revenue Projections 2014 410,0002015 880,0002016 4.02m Ask
Round 3 investment: 2.5m Technical and commercial partners to scale
up devices for grid projects