Building a wave energy policy focusing on innovation, manufacturing and deployment

The Irish Government has set a goal to make Ireland a world leader for research, development and deployment of ocean energy technologies. Ireland has a wave energy resource of 21 TWh and an ambition is to achieve at least 500 MW installed generating capacity from ocean energy by 2020. This paper investigates what is required to move from ambition to delivery. A successful wave energy strategy will require focused policies that will stimulate innovation to develop the technologies, manufacturing to produce the devices and deployment to build the required wave power plants. The paper draws on the successful policies in Ireland that have stimulated each of these dimensions, albeit for different sectors. From 2004 to 2008, successful policies in (ICT and biotech) innovation led to an increase in Ireland's Innovation Index score from 0.48 to 0.53. The policy focus on (food and pharmaceuticals) manufacturing in Ireland resulted in high levels of economic growth over the period 1998-2002, reaching >10% GDP growth levels per annum, and full employment. Successful wind energy policies deployment has accelerated rapidly since 2003 and reached 1.2 GW installed capacity in 2009 representing 15% of Ireland's total installed capacity. The paper draws on appropriate elements of these policies to build a successful wave energy policy for Ireland. It also draws on the successful policies adopted in Denmark for innovation, manufacturing and deployment of wind energy. The Danish wind turbine manufacturers hold a world market share of approximately 40%. The paper proposes establishing a wave energy strategy group to develop an action plan to deliver the 500 MW. It also proposes a novel extension of corporate tax specifically for wave energy companies, an initial 30% capital grant scheme for wave energy developers, a grid code for wave energy devices and fast tracking of planning decisions through an amended approach to strategic infrastructure.Wave energy Policy Innovation Manufacturing Deployment Non-technical barriers

Techno-economic review of existing and new pumped hydro energy storage plant

There has been a renewed commercial and technical interest in pumped hydro energy storage (PHES) recently with the advent of increased variable renewable energy generation and the development of liberalized electricity markets. During the next 8 years over 7 GW of PHES capacity will be added to the European network while projects are also planned in the USA and Japan. This paper provides a review of existing and proposed PHES plant and discusses the technical and economic drivers for these developments. Current trends for new PHES development generally show that developers operating in liberalized markets are tending to repower, enhance projects or build 'pump-back' PHES rather than traditional 'pure pumped storage'. Capital costs per kW for proposed PHES in the review region range between [euro]470/kW and [euro]2170/kW, however these costs are highly site and project specific. An emergence has also been observed in recent PHES developments of the use of variable speed technology. This technology, while incurring slightly higher capital costs, offers a greater range of operational flexibility and efficiency over conventional PHES. This paper has primarily been prompted by a lack of detailed information on PHES facilities worldwide and reviews current developments in the context of market and generation mix changes. The most recent large scale review of PHES faculties was undertaken by the American Society of Civil Engineers Hydro Power Task Committee on Pumped Storage in 1996. In the absence of data in the literature on new PHES plant development, this review draws primarily on publicly available information from utilities, government bodies and electricity regulators. In the same context this study is limited to a review region of the European Union, Japan and the United States as information on developments outside these areas is difficult to procure. This paper also gives a review of locations and proposed timelines for new PHES development and provides a thorough up-to-date overview of the development trends of this technology.Pumped hydro energy storage