ARENA & Ocean Energy Clean Energy Week 2014
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Transcript of ARENA & Ocean Energy Clean Energy Week 2014
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