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ARENA & Ocean Energy Clean Energy Week 2014

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 )

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ARENA & Ocean Energy Clean Energy Week 2014

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  1. ARENA & Ocean EnergyClean Energy Week 2014 • Louise Vickery • General Manager, Renewable Futures • ARENA • 23 July 2014

  2. ARENA investment in Ocean Energy to date Deployment (Small Scale) Research and Development Deployment (Large Scale) • 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 • CSIRO Wave Atlas • Resource characterisation • Others • Array modelling and environmental impact studies • Carnegie CETO 6 (point absorber) • 3 units, 3MW, DoD grid • Victorian Wave Partners (point absorber) • Multiple units, up to 19MW, grid connected • ARENA has invested in a variety of projects ($21.3million) • RESEARCH AND DEVELOPMENT • Resource characterisation • Environmental impact studies • DEMONSTRATION PROJECTS • Varying technology types • Grid connection

  3. Why do we invest in ocean energy ? • Potential of ocean Energy • Australia has great ocean energy resource • Potential forecasting longer range than wind or solar • 24/7 potential • Diversify Australia’s clean energy future • ocean energy is a nascent industry • wide variety of device types, few demonstrated at scale • 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

  4. ARENA’s ocean energy investment strategy • Our projects will provide data on • ECONOMICCASE • where the best sites are for ocean energy investments • understanding of performance and project cost • skills and infrastructure needed to support wave energy projects • ENVIRONMENTAL IMPACT • impact of wave arrays on ocean environments • Managing risk issues • INTEGRATING WAVE POWER INTO THE GRID • better understanding of how ocean energy fits with demand ARENA’s portfolio and % of committed funds

  5. Lessons Learnt to date • WAVE PROJECTS ARE COMPLEX • Overcome harsh environment – the power of the ocean • Permitting/environmental impact • Logistics • REQUIRE TECHNOLOGY SPECIFIC SOLUTIONS • Undersea connections and cabling • Transportation to site • Decommissioning • FOUNDATIONS LAID FOR COMMERCIALISATION • Financing • Industry skills and capability • Customer base • ARENA CRUCIAL TO REDUCING FUTURE PROJECT RISK • Multiple possible points of failure • Exceptional project logistics and ocean engineering ingenuity and experience • Risk management capability required Carnegie Wave Energy Buoy

  6. The way ahead – ARENA and ocean energy strategy • Government stated intentions • Maximise existing project benefits and the $1billion committed to date • Existing contracts meeting milestones unaffected • Legislation required to pass Parliament • ARENA business as usual • Looking forward • ocean energy sector review • Consult with our existing portfolio, industry and related ocean bodies • Examine our projects in light of global trendsand the commercialisation pathway • Continue to gather and share lessons learnt with the industry Tidal resources in King Sound, WA: CSIRO, OceanRenewableEnergy 2015-2050

  7. arena.gov.au • Thank you

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