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Spotlight On... Industry Updates Energy Wales Technologies Institute COMMUNICATION HUB FOR THE WAVE & TIDAL ENERGY INDUSTRY SPOTLIGHT ON... INDUSTRY UPDATES ENERGY WALES TECHNOLOGIES INSTITUTE PAGE www.wavetidalenergynetwork.co.ukAT RUK& TI WAVEPAGEDA 1L WINTER 2015 | £7.50 SEE US ON STAND 10 EDITOR’S WELCOME EDITORIAL CONTRIBUTIONS Please feel free to contribute to the next magazine. The next edition will be our Spring issue as the feedback we have received from the industry in general points towards producing a quarterly publication. LEAD Your contributions are vital to its success so MEETING YOU BY THE please do not hesitate to get in touch with We will be attending the RenewableUK’s your stories. Wave & Tidal conference and exhibition in Edinburgh 25/26th February at the EICC. INDUSTRY FEATURES – gET INVOLVED Please come and visit us on stand 10. We As the magazine grows so will the would be delighted to meet you. individual features on all sorts of areas FOR THE within the industry. INDUSTRY These features will emanate from our discussions with leading experts during our visits to conferences and events, as well as WELCOME TO WAVE & TIDAL our editorial team bringing up subject areas ENERGY NETWORK EDITION 3 when looking at the industry as a whole. This publication is for the industry and it will be lead by the industry so we want you to Please feel free to contact us if there is continue to play your part in ensuring that any subject area which you think may be this is the best vehicle of communication of interest to our readership and we will for all involved in the wave and tidal energy do the rest – there is never any charge for industry. genuine editorial. LEAD ARTICLE – EnERGY You will find our ‘Forthcoming Features’ TECHNOLOGIES INSTITUTE tab on our website in the magazine section. Stuart Bradley, Strategy Manager, Offshore Renewables at the Energy Technologies MAGAZINE AND WEBSITE Institute continues our ‘Industry Lead INTERAction – QR coDES Duncan McGilvray Article’ feature – he covers industry cost As with our sister publication Wind Energy Editor comparisons and investment. Network we have pink and green flashes Wave & Tidal Energy Network indicating more information online. SPOTLIGHT ON WALES Click to view more info As an introduction to this feature we QR codes have been substituted in the welcome an exclusive article from the printed version which means that you can Welsh Government Minister for Natural scan the code with your smart phone and Resources, Carl Sargeant AM, who shares it will direct you to the featured company his vision for a vibrant marine energy or organisation’s digital information, so industry in Wales. that you can learn much more in all sorts of formats. These have already become very popular as it links the printed magazine in a very interactive way – a great marketing tool for our decision making readership to find out about products and services following the PAGE reading of an interesting article. www.wavetidalenergynetwork.co.uk PAGE 03 WAVE & TIDAL ENERGY NETWORK CONTENTS FOUNDING ParTNers Wave & Tidal Energy NetworK CONTENTS6 Industry Lead Article NOW INTO OUR 3RD EDITION WE WELCOME THE CONTINUED SUPPORT OF OUR ‘FoUNDING PARTNERS’. 8 Industry Update From an editorial standpoint we need advice and assistance in making sure that the publication is both successful and worthwhile to the industry moving forward and this is a very 16 Founding Partner Article involved way of ensuring we communicate effectively across SWANsea the whole industry. We have a number of ‘Founding Partners’ who have signed BaY 18 Scottish Renewables’ Marine up to support our publication. There are one or two spaces Conference remaining – if you would like to get involved please contact the sales team on 01765 644224 or TIDAL email: [email protected] LaGOON SmartBay Ireland At the time of going to print our ‘Founding Partners’ should 20 have received an invitation to a meeting taking place at Is undoubtedly the most important and ambitious long RenewableUK’s Wave & Tidal conference and exhibition in term project to hit this exciting industry. In this edition Edinburgh at the EICC in late February 2015. we investigate further. 22 Sustainable Marine Energy If you have not received this email invitation please get in At 320MW installed capacity, with first power expected in 2018, touch – we plan to meet at our stand in the first instance. economic studies will be the largest marine energy development in the world. Developed by Tidal Lagoon Power Limited, it will have Spotlight on Wales an entirely predictable 495GWh output each year of clean, green 24 electricity and will power more than 155,000 homes for 120 years – that’s about 11% of Wales’ domestic electricity. Our FOUNDING ParTNers: Tidal Lagoon Power plans to follow the Swansea Bay project with five full-scale tidal lagoons in UK waters; generating up to 8% of the UK’s electricity requirements from the fleet. Mark Shorrock, Chief Executive of Tidal Lagoon Power explains how the Swansea Bay Tidal Lagoon could change the shape of the UK’s future energy mix in this GREEN ENERGY PUBLISHING LTD GREEN ENERGY PUBLISHING LTD T 01765 644224 absorbing article. (NORTHERN) (SOUTHERN) W www.wavetidalenergynetwork.co.uk The Oaks, Oakwood Park Business Centre, OrbisEnergy, Wilde Street, E [email protected] SPOTLIGHT ON WALES Bishop Thornton, Harrogate Lowestoft, Suffolk E [email protected] The Swansea Bay Tidal Lagoon project is just one of the many articles North Yorkshire HG3 3BF NR32 1XH within this substantial regional focus feature which proves that Wales is leading the way in tidal energy. Duncan McGilvray Editor Wave & Tidal Energy Network magazine is happy to accept unsolicited contributions for consideration. Editorial opinions expressed Wave & Tidal Energy Network in this magazine are not necessarily those of Green Energy Publishing Ltd and the company does not accept responsibility for advertising content. The publishers cannot accept any responsibility for omissions or errors. The contents of this magazine are PAGE fully protected by copyright and may not be reproduced without written permission. PAGE 04 www.wavetidalenergynetwork.co.uk www.wavetidalenergynetwork.co.uk PAGE 05 INdusTRY Lead arTICLE INdusTRY Lead arTICLE RECOMMENDATIONS It recommends the sector should target levelised cost reductions from today’s 20- 50p/kWh to 10-20p/kWh by 2020 and 5-8p/kWh by 2050 in order to encourage continued deployment. UKERC calculate The roadmap has three specific the sector could be worth more than Wave and Tidal purposes… £70bn and support 68,000 jobs in 2050, but we have reached a critical point in the • To provide forward-looking marine development of marine energy as decisions energy technology cost and made now will determine whether or not it performance targets that can will fulfil its potential as a significant source be used to benchmark industry progress of energy by 2050. in the future – these are generic targets for both the wave and tidal stream PRIORITISED INNOVATION The UK has significant marine THE LOW CARBON INNOVATION necessary to enable the sector to make a sectors Innovation over the next decade needs to INenergy resources, which to dateTHE COORDINATION GROUP (LCICG ) UKmaterial and cost-effective contribution to • To identify the specific technology be prioritised to support installation and remain largely unexploited. This is LCICG believe that alongside a sizeable the delivery of the UK’s energy and climate development and demonstration recovery demonstration and potentially in part because of the cost of the contribution to UK GDP, successful change goals. activities required to progress small-scale array trials. This should reduce technological and commercial risk development of marine energy the marine energy sector, including the cost of marine energy. FUTURE PLANS involved in deploying appropriate across both wave and tidal could cross-cutting industry requirements The key messages arising from the technologies. So reducing the cost yield 75TWh/y – over 10% of the along with specific activities for the The roadmap identifies 40 technology and analysis are that technology validation of generation is the challenge UK’s forecast electricity needs in wave and tidal stream sectors deployment issues faced and prioritises (including array-scale installations) must before us. 2050. To do this economically, the • To prioritise potential technology them from the perspective of the industry. take place over the next three to five cost challenge has to be addressed development and demonstration This analysis includes target costs and years, to position the UK marine energy and collaboration is a key principle interventions in the context of performance levels with timelines for their sector for commercial viability in the COST COMPARISONS that both wave and tidal industries the specific role and remit of the ETI delivery. long-term. Wave energy costs are presently high in should seek to adopt, using greater comparison to other low carbon energy knowledge sharing. These early deployments will also sources and more investment is needed provide necessary learning by doing before costs improve sufficiently to play ETI MARINE ENERGY to help unlock further cost reductions. a major contributory role in the UK TECHNOLOGY ROADMAP Also a target cost of energy of 8-10p/ energy mix. The ETI are looking into innovation kWh for array-scale marine energy to harness the UK’s vast natural farms needs to be delivered by the mid- Tidal is beginning to develop a credible wave and tidal
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