Annual Conference 2018

Wave energy and the wider energy sector

  • Project Lead

    Wave Energy Scotland Ltd

  • Author

    Wave Energy Scotland Ltd

  • Date

    December 2018

The Wave Energy Scotland programme fits in to a much larger picture of marine renewable research and development across the world. Speakers from organisations in the marine renewable sector gave details of the potential economic value of wave energy, how WES fit in with international efforts in the sector, and how new technologies need to prepare for raising finance. 

CorPower Ocean tested their C3 wave buoy in Orkney during 2018 following extensive dry testing in Sweden. Patrik shared the experiences and some of the lessons which can be learnt to help other developers achieve success more easily. 

The file available to download combines the following presentations:

  • HiDrive PTO – Lessons Learnt from Sea Deployment– Patrik Möller 
  • The Economic Value of Wave Energy – Shona Pennock [slides not currently available]
  • A Global Perspective – Henry Jeffrey 
  • Crowdfunding and Marine Energy – Louise Wilson 


Speaker Bio - Patrik Möller (CorPower Ocean)

Patrik is the CEO of CorPower Ocean, a leading wave energy developer bringing a step-change improvement on the efficiency of harvesting wave energy. He is a passionate entrepreneur with experience of building technology start-ups from first idea to multi-national operations. Patrik is a board member of Ocean Energy Europe and ETIP Ocean steering committee. He has a MSc in Chemical Engineering from Lund Institute of Technology and UC Berkeley, California.

Speaker Bio - Shona Pennock (University of Edinburugh)

Shona is a Research Associate in Marine Energy at the University of Edinburgh and an alumna of the Centre for Doctoral Training in Wind Energy Systems at the University of Strathclyde. Her PhD focused on the impact of a single European energy market on the economics and operation of wind power in Scotland, using various dispatch models to investigate the impact of introducing zonal pricing within GB due to the current CfD subsidy framework. Her current work focuses on techno-economic and socio-economic analysis of the marine energy sector.

Speaker Bio - Henry Jeffrey (University of Edinburgh and Chair, IEA-OES)

Henry is a specialist in marine energy roadmaps, action plans and strategies. He is responsible for dissemination and internationalisation within the UK Supergen Marine programme. He holds the position of “Strategy and internationalisation officer” for “Wave Energy Scotland” and chairs the European Energy Research Alliance (EERA) and the IEA OES group for Ocean Energy.

His international collaboration on the production of marine roadmaps and research strategies, includes Canada, the US, Chile and Mexico. Henry has also coordinated several European marine energy projects including DTOcean which developed design tools for arrays of wave and tidal devices.

Speaker Bio - Louise Wilson (Director, Abundance Investment)

Louise Wilson is a co-founder and joint MD of Abundance which provides debt capital to infrastructure projects for different stages of their development, and regular capital and income to investors. With a strong focus on both the financial and societal contribution of the investments on its platform, Abundance lets individuals, both local and national, invest directly in specific projects of their choice from as little as £5. Abundance has launched fund-raisings for over 35 projects for a total of £80m and was the first crowdfunding platform to offer both an ISA and a pension (SIPP) product. Abundance has raised £10m for SIMEC Atlantis and is currently raising up to £7m of investment for Orbital Marine.

Before Abundance, Louise was Head of Equity Capital Markets at UBS Investment Bank. Louise is on the Advisory Board of Imperial College’s Centre for Climate Finance & Investment.

Project Keywords: Lessons Learnt, Health and Safety, Europe, Funding, IEA, LCOE, Testing, Gearbox, Point Absorber, Supply Chain, Deployment, Foundations, Installation, Operations & Maintenance, Orkney, Power, Scapa Flow, Planning, Presentation

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