Pembroke Dock Marine

Future Opportunities Pembroke Dock Marine

Local employment growth Creation Development of Creation + of the of a Redevelop space Training consented knowledge at and enhanced areas of Demonstration centre Pembroke Port Education operational waterway Zone (PDZ) (MEECE) efficiencies (META) + increased innovation

to Regional ORE drive Port of Marine Energy Wave Hub Learning Part. Catapult commercial Uni viability Pembs College We have a once in a generation opportunity Direct benefits for Pembrokeshire Clustering: aligns with UK Industrial Strategy Delivering job creation

1GW = 440 FTE 15,586 (FTE, UK) 2,080 40,000 (Build/O&M/Visitor centre) (Wylfa, Hinkley)

£59.7bn 8,800 150 670 (size of UK industry) (FTE, UK) (FTE, Pembs) (build/O&M – 500MW) Marine Energy (£56bn industry by 2050)

Tidal Stream – Morlais (100MW demo Zone targeting economic impact of £500m) - 6 of the 8 developers with leases have pledge support for PDM . OpenHydro - , France, Canada, US . Torcardo – (preferred Bidder for TEL Ramsey site.) . Instream . Nova Innovation . Verdant Power . Tidal Stream

Wave (Pembrokeshire Demo Zone – similar economic impact.)

. Marine Power Systems - 1/4 scale prototype at Pembroke Dock. . Wavetricity – Prototype at Pembroke Dock . Carnegie Wave - currently at WaveHub but keen on PDZ . OceanLink . Bombora – at WEFO business planning for Pembroke Dock base Sector is at the Beginning of its Journey

Prediction on marine energy sector product development timeline

Prototypes

Small Arrays

Commercial Arrays

Operations & Maintenance Decommissioning / Repowering

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 years Floating/Deep Water Wind Power

. Market value: £77bn over next 25 years (currently £3.2bn expenditure – 32% of which is undertaken by UK firms) . Alignment with the UK Industrial Strategy . Studies predict that floating wind could undercut fixed wind by 10% (levelised cost £80/MWh versus £90/MWh) . Cross sector opportunities: . fabrication and construction . shipping . consultancy . Typically high employment, high skill Floating/Deep Water Wind Power

Low (30 MW Medium (500MW High (1.5GW) demo array) array) Laydown needed 20,000m2 150,000m2 450,000m2

Covered/ 1,500m2 4,000m2 8,000m2 fabrication space Tonnage over 14,400t 240,000t 720,000t quay Port revenues (Construction / £0.2m / £0.1m £3.5m / £1.2m £5.2m / £3.6m O&M) Employment 120 construction 600 construction 1,250 projections 8 O&M 70 O&M construction 175 O&M Floating/Deep Water Wind Power

Pembrokeshire has: • 10% more resource, 20km closer to shore • Access to GW’s of transmission

As deep water tethering technology advances, our deep water capacity can be fully exploited

Nuclear

Sites: . Wyllfa . Oldbury . Hinkley Point

Cross sector opportunities: . fabrication and construction . aggregates . Shipping

Has backing but not competitive in long term Tidal Lagoons

Sites: . Swansea . Cardiff . North Wales

Cross sector opportunities: . fabrication and construction of turbine housing and caissons . aggregates . shipping

No formal Govt backing but arguably cheaper than current alternate energy options

Working with Nuclear for supply chain benefit Boat building and repair

Marine Industries Alliance identified sector potential for GVA of around £25 billion by 2020. Opportunities are identified in offshore oil & gas, naval defence and leisure boats & equipment. New investment in UK fishing fleet may also arise.

Aquaculture

Aquaculture is a global growth industry and is expected to become the primary source of fish for direct human consumption by 2030. Conventional Oil & Gas Exploration

Large fields of the scale indicated above are expected to be viable at a $40 oil price. Oil & Gas Decommissioning

. Market value: £77bn over next 25 years . 68% of this expected to fall to the UK (350 installations in UK waters) . Immediately addressable value £1.2bn . Dispersal of sites in north sea mean steaming distance to Pembrokeshire could be competitive . Cross sector opportunities: . metal reprocessing . road haulage and shipping . Typically low employment, low-skill Belfast Milford Haven Decommissioning Issues

Low (2% market share) Medium (10% market High (30% market share) share)

Laydown needed 8,000m2 bunded 8,000m2 bunded 20,000m2 bunded

Covered/ 250m2 250m2 2,500m2 fabrication space Tonnage over quay 1,600t/y 8,000t/y 30,000t/y

Projected port revenues £240,000/y £1.2m/y £7.5m/y

Employment projections 1 p/t manager + six contract 1 f/t manager + 15 contract 2 f/t managers + 30 f/t year workers for 12 weeks/y workers for six months/y round What is PDM expected to deliver?

. Opportunities across marine industry . Enhanced operational efficiencies . Increased industrial innovation, collaboration and research, and indigenous intellectual property . Regional economic growth . Increased high-skill employment . Opportunities for today’s and the next generation . Strengthening the Waterway energy cluster with opportunities for businesses to expand . Supply chain resilience . Opportunities for inward investment . Export industry potential . Strengthen UK energy portfolio Pembroke Dock Marine

Future Opportunities