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Powering the Blue Economy: Exploring Opportunities for Marine Renewable Energy in Maritime Markets

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Powering the Blue Economy: Exploring Opportunities for Marine Renewable Energy in Maritime Markets ™ Exploring Opportunities for Marine Renewable Energy in Maritime Markets April 2019 This report is being disseminated by the U.S. Department of Energy (DOE). As such, this document was prepared in compliance with Section 515 of the Treasury and General Government Appropriations Act for fiscal year 2001 (Public Law 106-554) and information quality guidelines issued by DOE. Though this report does not constitute “influential” information, as that term is defined in DOE’s information quality guidelines or the Office of Management and Budget’s Information Quality Bulletin for Peer Review, the study was reviewed both internally and externally prior to publication. For purposes of external review, the study benefited from the advice and comments of nine energy industry stakeholders, U.S. Government employees, and national laboratory staff. NOTICE This report was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States government or any agency thereof. Available electronically at OSTI.gov http:/www.osti.gov Available for a processing fee to U.S. Department of Energy and its contractors, in paper, from: U.S. Department of Energy Office of Scientific and Technical Information P.O. Box 62 Oak Ridge, TN 37831-0062 OSTI http://www.osti.gov Phone: 865.576.8401 Fax: 865.576.5728 Email: [email protected] Available for sale to the public, in paper, from: U.S. Department of Commerce National Technical Information Service 5301 Shawnee Road Alexandria, VA 22312 NTIS http://www.ntis.gov Phone: 800.553.6847 or 703.605.6000 Fax: 703.605.6900 Email: [email protected] How to cite this report: LiVecchi, A., A. Copping, D. Jenne, A. Gorton, R. Preus, G. Gill, R. Robichaud, R. Green, S. Geerlofs, S. Gore, D. Hume, W. McShane, C. Schmaus, H. Spence. 2019. Powering the Blue Economy; Exploring Opportunities for Marine Renewable Energy in Maritime Markets. U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy. Washington, D.C. ii | Powering the Blue Economy Report Powering the Blue Economy Exploring Opportunities for Marine Renewable Energy in Maritime Markets Table of Contents Acknowledgments ........................................................................................................................................... vii Abstract ............................................................................................................................................................ viii Executive Summary .......................................................................................................................................... ix Introduction ........................................................................................................................................... ix Marine Energy and the Blue Economy .................................................................................................. x Market Themes ....................................................................................................................................... x Discussion ........................................................................................................................................... xvi Conclusion .......................................................................................................................................... xvii References ....................................................................................................................................................... xix Introduction ......................................................................................................................................................... 1 Marine Energy and the Blue Economy .................................................................................................. 1 Report Objective ..................................................................................................................................... 3 Report History ........................................................................................................................................ 3 Report Organization ............................................................................................................................... 3 Key Findings .......................................................................................................................................... 4 References .......................................................................................................................................................... 9 2. Ocean Observation and Navigation ....................................................................................................... 10 Key Findings ........................................................................................................................................ 10 Opportunity Summary .......................................................................................................................... 10 Application ........................................................................................................................................... 11 Power Requirements ............................................................................................................................. 11 Markets ................................................................................................................................................. 16 Power Options ...................................................................................................................................... 17 Geographic Relevance .......................................................................................................................... 17 Marine Energy Potential Value Proposition ......................................................................................... 18 Path Forward ........................................................................................................................................ 19 References ....................................................................................................................................................... 21 3. Underwater Vehicle Charging: Autonomous Underwater Vehicles, Unmanned Underwater Vehicles, and Remotely Operated Vehicles ......................................................................................... 23 Key Findings ........................................................................................................................................ 23 Opportunity Summary .......................................................................................................................... 23 Application ........................................................................................................................................... 23 Power Requirements ............................................................................................................................. 29 iii | Powering the Blue Economy Report Markets ................................................................................................................................................. 31 Power Options ...................................................................................................................................... 32 Geographic Relevance .......................................................................................................................... 32 Marine Energy Potential Value Proposition ......................................................................................... 32 Path Forward ........................................................................................................................................ 34 References ....................................................................................................................................................... 36 4. Offshore Marine Aquaculture ................................................................................................................. 38 Key Findings ........................................................................................................................................ 38 Opportunity Summary .......................................................................................................................... 38 Application ........................................................................................................................................... 39 Markets ................................................................................................................................................. 43 Power Options .....................................................................................................................................
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