OCEAN WAVE ENERGY IN CANADA Resources in Canada Technology Pre-commercial development Rewards Risks How to make it happen Ocean Wave Energy in Canada Canadian Resources • Wave energy has excellent potential – Vancouver Island – Queen Charlotte Islands – Nova Scotia – Newfoundland Ocean Wave Energy in Canada Technologies; pre-commercial development • Oscillating Water Column (OWC) and Heaving Buoy; development in 80’s and 90’s • Limpet OWC, late 90’s (connected to weak grid) • Energetech (OWC) in Australia, and OPD (Pelamis) in Scotland will be Pilot projects connected to grid in 2004 Ocean Wave Energy in Canada Rewards • Excellent energy resource • Minimal environmental impact, • Significant economic development potential (built locally) • Easily replicated and expanded • Resource forecasting 48 to 72 hours in advance • Potential to be low cost and dependable Ocean Wave Energy in Canada Risks • New technologies, not fully proven • Unknown regulatory environment • Marine safety • Economic viability • Investment limitations Ocean Wave Energy in Canada The Vision “To build ocean wave energy devices in Canada that meet power quality requirements and that are replicable at a commercial level” Ocean Wave Energy in Canada Meeting the Vision • Government of Canada – Include ocean wave energy as new appropriate technology for funding support. • Electric Utilities – Enable ocean wave energy through offtake of power at commercial rates or better Ocean Wave Energy in Canada Wave Energy Companies • Promote technology through successful pilot projects Developers (IPP or Utility) • Invest in Ocean Wave Energy pilot projects for strategic portfolio and long term growth. Ocean Wave Energy in Canada Next Steps • Include ocean wave energy in submission to Government. • Form Canadian Ocean Wave Energy Association (in partnership with tidal energy).
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