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ARENA & Ocean Energy Clean Energy Week 2014

Learn about Australian Renewable Energy Agency's investments in ocean energy projects and the potential of wave energy as a clean energy source. Explore key projects, strategies, and lessons learned for a sustainable future.

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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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