OceanDEMO - Demonstration Programme for Ocean Energy Pilot Farms and Supporting Technologies


Project Summary

The existing terrestrial supply for renewables is already market-driven, whereas Ocean Energy (OE)  is untapped. Having advanced single device OE deployments,  FORESEA has identified a key market failure relating to the first multi-device OE farms; this is the point when risks and capital requirements are highest, hence market intervention is now most needed to realise the NWE OE potential.
 
OceanDEMO will address this market failure via 3 key elements:

  • Prove investability with investors by demonstrating and de-risking the most promising OE generating technologies in multi-device farm configuration.
  • Develop an active supply chain that invests in dedicated OE sub-systems and components.
  • Create a supportive policy environment for OE by providing governments with confidence in OE and highlighting OE's economic benefits.

Change

  • Demonstrate investability of OE with at least 15 investors that provide debt and project finance to raise awareness & promote the uptake of OE.
  • Create a more active and invested supply chain to help reduce technical risk of OE and advance the TRL of dedicated OE sub-systems and components.
  • Establish political support for a supportive policy environment that will encourage production of ocean energy in NWE.  These will most likely be in Ireland, UK, the Netherlands, France and Belgium as this is where the majority of the NWE resource is located.

Outputs

  • Operation of 2 OE deployments in multi-device farm configuration in NWE connected to the European electricity grid. 
  • Advance 15 cross cutting low carbon technologies to near to commercial readiness.  
  • Supportive policy environment for OE in at least 3 member states in NWE.

Long-term effects

  • 500m EUR of private funds invested into OE deployment farm deployments
  • 20 dedicated OE products 
  • 100MW of OE installed capacity

Project Partners

Lead partner

Organisation Contact name Address Email Website
European Marine Energy Centre Nicolas Wallet Old Academy, Stromness, Orkney
Stromness
KW163AW
United Kingdom
nicolas.wallet@emec.org.uk www.emec.org.uk
Name Contact Name Email Country
Foundation Dutch Marine Energy Centre Koos Uneken koos@dutchmarineenergy.com Netherlands
SmartBay Ireland Mairéad Elliott mairead.elliott@smartbay.ie Ireland
Ecole Centrale de Nantes Olivia Thilleul olivia.thilleul@ec-nantes.fr France
Ocean Energy Europe Victor Kempf v.kempf@oceanenergy.eu Belgium

News


12.8M€ awarded to demonstrate ocean energy farms

Posted on

The new Interreg NWE project Ocean DEMO has been officially launched today. It provides funding to developers of marine renewable technologies to test their products or services in real sea environments. Ocean DEMO specifically targets multi-machine ocean energy installations. This will allow developers to move closer to market by demonstrating their technologies at full commercial scale. Ocean DEMO will release a first call for applications this year and devices will be installed from 2020 to 2022. Read More


1st Call



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