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SOUTHEAST CONFERENCE ANNUAL MEETING
SEPTEMBER 2013
REENST LESEMANN
CEO rlesemann@columbiapwr.com
MISSION
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W HY W AVE E NERGY ? the ocean is a desirable energy resource - - PowerPoint PPT Presentation
W HY W AVE E NERGY ? the ocean is a desirable energy resource - - PowerPoint PPT Presentation
S OUTHEAST C ONFERENCE A NNUAL M EETING S EPTEMBER 2013 R EENST L ESEMANN CEO rlesemann@columbiapwr.com M ISSION To help satisfy the growing, global demand for reliable, consistent renewable energy, we are commercializing a cost- effective wave
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COMPANY OVERVIEW
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History
- started in 2005
- technology started at Oregon State University
- 11 employees
- US Offices
- Product Development - Corvallis, OR
- Admin - Charlottesville, VA
- international design and manufacturing supply chain
Federal Partners
- US Department of Energy
- US Department of Navy
Product Line
- “RAY” Series – scalable system (<1kw to Megawatt scale)
- proprietary design; 3 patents issued
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GREENLIGHT ENERGY RESOURCES
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Privileged & Confidential – Do not distribute without permission of Columbia Power GREENLIGHT ENERGY RESOURCES Acquired by SunEdison
BP has built over $2 billion of wind facilities
- n Greenlight projects
since the acquisition.
GREENLIGHT BIOFUELS
SunEdison has financed or started construction on $320 million of Axio projects since the acquisition. Maximum build-out of current portfolio is $12 billion. Utility and tactical scale markets represent multi-billion annual market
Acquired by BP
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WHY WAVE ENERGY?
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the ocean is a desirable energy resource
energetic consistent predictable supply tends to be close to the demand seasonality tends to be demand matched
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GLOBAL RESOURCE WITH REGIONAL OPPORTUNITY
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potential for SE Alaska to leverage its position and natural resource
- “bridge” opportunity
- help with federal push to utility-scale technology
- economic development
- smaller loads
- ability to improve local COE
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BUT A TOUGH PLACE TO OPERATE
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Survivability
*this includes some obvious assumptions about customers, markets, national policy…
+ Cost Viability + Low Impact
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OUR FOCUS
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simple is better
- ffshore where the energy is greatest with the lowest impact
low cut-in/no cut-out
- n-station maintenance
no specialized equipment end of life recovery only
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STINGRAY
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wave direction
reduced-impact mooring umbilical connection
floating, offshore, mega-watt scale device
- composite structure
- very few moving parts
- 2 direct-drive permanent magnet generators
- devices to be arrayed in arrays
- 3rd generation design
- ver 15 years of academic and corporate R&D
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SEARAY SEA TRIALS
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STINGRAY
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STINGRAY
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wave direction reduced-impact mooring electricity flow to onshore substation feeder line from
- ther unit(s)
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STINGRAY
Transport Mode Extreme Survival Mode
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WAVE ENERGY COMPETITION
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Competitive Difference StingRAY Competitors Unique Advantage Energy Capture Heave & Surge Heave or Surge Only* 2x Potential Energy Capture Generator Direct-Drive, Perm. Mag. Hydraulics, Air Turbines Higher Efficiency, No Heavy Sea Shutdown Structure Fiberglass Steel Lower Cost Manufacturing and Operations
*Pelamis claims heave and sway
Pelamis Wave Power Ocean Power Technology Aquamarine Oceanlinx Carnegie AWS Ocean Energy
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O C A T I O N
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TESTING MILESTONES
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MARKET PATH
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THANK YOU
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