Power from the Ocean Power from the Ocean Power from the Ocean
Resolute Marine Energy
“Power from the Ocean” Ocean” Environmental Business Council June 3, 2009
RME – Wave Resolute Marine Energy Energy Overview Resource Benefits clean abundant & nearby powerful predictable/consistent
Challenges Technical • survivability • reliability • cost
Business • capital • people • perception
Growth • regulation • standards • public policy
Opportunities ShortShort-term • multiple markets • immediate needs • few alternatives
LongLong-term • part of the RE mix • public policy support
RME - How Resolute Marine we’ building our business we’reEnergy
involvement - international standards (IEC TC-114) - national policy (OREC) - regional ocean mgmt. (MOP, OETF) - local economic dev. (MREC)
business development - industrial “niche” markets first - enter with customer/partner - gain experience & reputation - tackle utility-scale market later
product development/finance - use government as “virtual VC” • NOAA, Navy, DOE, ARPA-E • State (Clean Energy Center?)
partnerships - academic – MIT, UMASS, BU, Duke - government – NREL & MMS - industry – Satcon, Alden Lab, etc.
Product Development
AirWEC™
SurgeWEC™
3D-WEC™
Client
Ocean Farm Technologies
WaveWater
TBD
Application
Aquaculture
Sea water desalination
Utility-scale, grid-connected power
WEC Technology
Point Absorber
Oscillating Surge
Point absorber
Power Form
Compressed air
Pressurized seawater
Electricity
Addressable market
TBD
$5.4B in South Africa
TBD
Value Proposition
• •
Status
Prototype testing underway Proof of concept by end ‘09 Design in progress
Expertise developed
• •
Deep-sea utilization Mobility
Design & fabrication Deployment & testing
• • •
• •
Shoreline utilization Operational simplicity High efficiency
Surf-zone deployment Shore connections
• • •
• •
Low Cost Rugged & reliable Safe
Electrical conversion WEC array controls
4
Resolute Marine Energy January 2009 prototype testing in Newburyport, MA
The RME “AirWECTM” for offshore aquaculture Funded by NOAA
Resolute Marine Energy Resolute Marine Energy
thank you!
contact: Bill Staby (co(co-founder) Resolute Marine Energy, Inc. 126 Summer Street Watertown, MA 02472 (617) 600600-3050 wstaby@resolutewstaby@resolute-marinemarinethank you energy.com
“Power from the Ocean” Ocean” Environmental Business Council June 3, 2009
RME – Wave Resolute Marine Energy Energy Overview Resource Benefits clean abundant & nearby powerful predictable/consistent
Challenges Technical • survivability • reliability • cost
Business • capital • people • perception
Growth • regulation • standards • public policy
Opportunities ShortShort-term • multiple markets • immediate needs • few alternatives
LongLong-term • part of the RE mix • public policy support
RME - How Resolute Marine we’ building our business we’reEnergy
involvement - international standards (IEC TC-114) - national policy (OREC) - regional ocean mgmt. (MOP, OETF) - local economic dev. (MREC)
business development - industrial “niche” markets first - enter with customer/partner - gain experience & reputation - tackle utility-scale market later
product development/finance - use government as “virtual VC” • NOAA, Navy, DOE, ARPA-E • State (Clean Energy Center?)
partnerships - academic – MIT, UMASS, BU, Duke - government – NREL & MMS - industry – Satcon, Alden Lab, etc.
Product Development
AirWEC™
SurgeWEC™
3D-WEC™
Client
Ocean Farm Technologies
WaveWater
TBD
Application
Aquaculture
Sea water desalination
Utility-scale, grid-connected power
WEC Technology
Point Absorber
Oscillating Surge
Point absorber
Power Form
Compressed air
Pressurized seawater
Electricity
Addressable market
TBD
$5.4B in South Africa
TBD
Value Proposition
• •
Status
Prototype testing underway Proof of concept by end ‘09 Design in progress
Expertise developed
• •
Deep-sea utilization Mobility
Design & fabrication Deployment & testing
• • •
• •
Shoreline utilization Operational simplicity High efficiency
Surf-zone deployment Shore connections
• • •
• •
Low Cost Rugged & reliable Safe
Electrical conversion WEC array controls
4
Resolute Marine Energy January 2009 prototype testing in Newburyport, MA
The RME “AirWECTM” for offshore aquaculture Funded by NOAA
Resolute Marine Energy Resolute Marine Energy
thank you!
contact: Bill Staby (co(co-founder) Resolute Marine Energy, Inc. 126 Summer Street Watertown, MA 02472 (617) 600600-3050 wstaby@resolutewstaby@resolute-marinemarinethank you energy.com
