Horizon Scanning for Commercial Wave Energy Technology

Horizon Scanning for Commercial Wave Energy Technology

Irish Times Wave Energy Feature

Background:

As a technology neutral wave farm developer Simply Blue Energy (SBE) will use the best available technology for each wave farm project. SBE has an agreement to use Seabased technology in its first wave farm project at WaveHub in Cornwall (UK). SBE intends to develop further projects in Ireland and the UK and are presently reviewing all available technologies for such projects. SBE will share its insights into the customer requirements of wave energy technologies in the hope that this will be helpful to wave energy technology R&D companies.

Motivation:

A key motivation for this project is recognition that effective energy absorption and conversion are necessary but not sufficient conditions for commercial readiness in a wave energy technology. Other necessary conditions include awareness of market needs and awareness at an early stage in R&D of the later steps necessary to progress to commercial readiness and market entry. We expect that greater awareness of the commercial requirements of an R&D programme will improve the prospects for successful completion of that R&D programme.

Objectives:

  • Identify wave energy technology companies that are on a path to commercial readiness. This project aims to assess technology against as complete a set of commercial requirements as reasonably possible.
  • For the most promising technologies identify areas where increased awareness of market/investor needs is likely to improve the product development and accelerate market entry. Where such areas are identified SBE will provide feedback to increase understanding of market/investor needs and increase commercial focus.
  • Prepare a general high level report for publication outlining the general and anonymised findings of the project and benchmarking these against the SBE understanding of requirements and best practice. A paper will be prepared for the EWTEC 2017 conference.

Programme:

The project will be completed over four phases. The first phase will be a requirements definition exercise. We welcome input from third parties to the requirements definition, if you are a fellow prospective customer of wave energy technology then please feel free to use the links below to make contact.

The second phase will be a long list review of currently active wave energy technology companies. If you are an interested technology company then please use the links below to express your interest.
The third phase will be a detailed short list review of selected most promising companies followed by the preparation and publication of our report which will be shared at the European Wave and Tidal Energy Conference 2017.

 

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