Ocean Energy Technologies and Components Worldwide

Table of Contents

Chapter 1: Executive Summary

• Introduction
• Scope of Study: All Ocean Energy Technologies and Products
  • Sources
• Research Methodology
  • Study Focus Primarily Tidal, Wave, and Thermal
• Tidal Energy Generators
  • Underwater Turbines
  • Hydrokinetic Power Generation
• Wave Power Generators
  • Point Absorbers
  • Attenuators
  • Terminator Devices
  • Overtopping devices
• Ocean Thermal Energy
  • Closed Cycle OTEC
  • Open Cycle OTEC
  • Desalination
  • Refrigeration fluid

The Ocean Energy Technology Market

• Figure 1-1: Total Global OET Projects in Development, 2000-2008
• Ocean Energy Investments
  • Figure 1-2: Global Investments in Ocean Energy, 2004-2008 (in million $)
  • Growth in World Wave-Energy Market
  • Figure 1-3: World Wave Energy Projects and Values, 1998-2009
  • Ocean Energy Production in the Years Ahead
  • Figure 1-4: Projected Growth in Ocean Energy Generated, 2009-2013
• U.S. Tidal Energy Market
  • Pending US Tidal Projects 2008
• U.S. Wave Energy Market
  • Only One Company Takes Advantage of FERC Decision
• U. S. Annual Ocean Thermal Energy Projects
  • Positive Factors in Future Growth
  • External Factors Favoring Growth
• Internal Factors Favoring Growth
  • Environmental Impact Concerns
  • Legal/Regulatory Issues
  • FERC and MMS Reach New Agreement on Outer Continental Shelf
  • Potential Growth in U.S. Ocean Energy Power Output
  • Figure 1-5: Potential Growth in U.S. Ocean Energy Generated, 2009-2013

Ocean Energy Technology Competitors

• Types and Sizes Companies
• Most Development Driven by Local Marine Conditions

Competitors by Product Category/Segment

• Competitors: Attenuator Energy Competitors
  • Table 1-1: Selected List of U.S./Global Attenuator Competitors
• Competitors: Horizontal Axis Turbines
  • Table 1-2: Selected List of U.S./Global Tidal (Wave) Energy Market Competitors
• Competitors: Overtopping Devices
  • Table 1-3: Selected List of Overtopping Device Companies

Ocean Energy Technology Market Trends

• Foreign Dominance of Research and Development
• Scotland, Ireland and the UK
• Table 1-4: UK Renewable Obligation Time Table (percent)
• Australia
• Portugal
• Horizontal and Vertical Integration
• Stock Market Trends
• Table 1-5: OET Companies Trading on Public Stock Markets: By Exchange and Stock Symbol
• Ocean Energy Trends in the United States
• Figure 1-6: U.S. Energy Consumption, 2007 (percent)

Financing Trends

• Emerging Financing Models
• Federal Government Trends
• State Trends
• California
• Florida
• State Rebate Programs
• Table 1-6: Coastal State Renewable Portfolio Standards (percent)

Distribution Structure

• Geographic Limitations
• Where is the power in the waves?
• Where is the Power in the Tides?
• Ocean Thermal Energy Conversion Still Catching On
• Socioeconomic Considerations
• Growth through Established Renewable Energy Market

Chapter 2: Ocean Energy Technology Systems/Products

• Introduction: Market Parameters
  • Scope of Study: All Ocean Energy Technology Systems
    • Not Included: Other Renewable Energy (RE) Sources
    • Not Included (With Qualifications): Nonrenewable Energy (NRE) Sources
    • Note on Abbreviations
  • Tide Energy Systems
    • Overview
    • Hydrokinetic Power Generation
    • Potential Energy (gravity-based)
    • Estuary Systems
    • Barrage components
    • Turbines
    • Impact on Local Ecosystems
  • Wave (Marine) Current Systems
    • Overview
    • Point Absorbers
    • Attenuators
    • Terminator Devices
    • Overtopping Devices
    • Pneumatic Power
    • Mechanical Power

Ocean Thermal Energy Conversion (OTEC) or Ocean Thermal Energy (OTC)

• Closed Cycle OTEC
• Open Cycle OTEC
• Hybrid Cycle OTEC
• Benefits of OTEC
• Floating Structure
• Pipes
• Desalination and Potable Water
• Refrigeration Fluid
• Electric Cable to Shore
• Boiler
• Condenser
• Hydrogen Production
• Environmental Impact
• Benefits to Island Nations and Communities
• Salinity Gradient
• Overview
• Fresh Water/Seawater Mix
• Osmotic Power Potential
• Pressure-retarded Osmosis
• Prototypes in Place

Chapter 3: The Ocean Energy Technology Market

• U.S. Ocean Energy Technology Market in a Global Context
  • Overview
• Ocean Energy Investments
  • Figure 3-1: Global Investments in Ocean Energy, 2004-2008 (in million $)
  • Growth in World Wave-Energy Market
  • Figure 3-2: World Wave Energy Projects and Values, 1998-2009
  • Growth in World Tidal/Current-Energy Market
  • Figure 3-3: World Tidal Energy Projects and Values, 2001-2009
  • World Ocean Energy Technology Projects
  • Figure 3-4: Total Global OET Projects in Development, 2000-2008
  • Costs of Setting up an Ocean Energy Power Converter
  • Leading Global Wave Energy Companies
  • Table 3-1: World Wave Energy Companies with Full-Scale Prototypes
  • World Leaders in Tidal Energy Development
  • Table 3-2: World Tidal Energy Companies with Full-Scale Prototypes
  • Ocean Energy Production in the Years Ahead
  • Figure 3-5: Projected Growth in Ocean Energy Generated, 2009-2013
  • Projected Growth World Growth in Ocean Energy Projects
  • Figure 3-6: Global Ocean Energy Technology Projects Nearing Final Stages of Development, 2009
  • Potential Market Value from 2009-2013
  • UK Ocean Energy Technology Companies to Watch
  • Table 3-3: U.K. Companies with OET Projects in Early Development

The U.S. Ocean Energy Technology Market

• Overview
  • FERC and MMS Reach New Agreement on Outer Continental Shelf
  • Commercially Available Ocean Energy Technology
  • Hydropower - Industry Activities
• U.S. Tidal Energy Market
• Table 3-4: Issued and Valid Hydrokinetic Projects Preliminary Permits 2007
  • Geographic Locations
  • Pending US Tidal Projects 2008
  • Table 3-5: Pending Hydrokinetic Tidal Current Projects Preliminary Permits
  • Power Capacity of Full-Scale Tidal Current Prototypes
  • Table 3-6: Power Capacity of Full-Scale Tidal Current Prototypes
  • Potential Growth in U.S. Ocean Energy Power Output
  • Figure 3-7: Potential Growth in U.S. Ocean Energy Generated, 2009-2013
  • Estimated Price per Watt/Installed/Projected
• U.S. Wave Energy Market
  • Table 3-7: Geographic Locations and Potential Wave Energy Output
  • Table 3-8: Issued and Valid Hydrokinetic Wave Projects Preliminary Permits, 2008
  • Only One Company Takes Advantage of FERC Decision
  • Table 3-9: Pending Hydrokinetic Wave Energy Projects Preliminary Permits
  • Full-Scale Wave Energy Prototypes
  • Table 3-10: Power Capacity of Full-Scale Tidal Current Prototypes
  • Price per Watt/Installed/Projected
• U. S. Annual Ocean Thermal Energy Projects
  • Figure 3-8: Potential Markets for Ocean Thermal Energy Projects
  • U.S. Ocean Thermal Energy Projects
• U.S. Salinity Gradient Projects
  • Still too new for the United States
• OET State Support
• U.S. Ocean Energy Technology Market: Sales and Growth
  • Figure 3-9: US Wave Energy Potential
  • U.S. Wave-Energy Market Growth from 2001-2008
  • Figure 3-10: Number of U.S. Wave Energy Projects, 1998-2008
  • U.S. Tidal-Energy Market Growth 2001-2008
  • Figure 3-11: Number of U.S. Tidal Energy Projects, 1997-2008

Factors in Future Growth

• Positive Factors in Growth
  • Overview
  • The Obama Recovery Plan
  • External Factors Favoring Growth
  • Table 3-11: Coastal States with RPS Requirements
  • The Economy: Supplies
  • Ecology: Climate Change
  • Private Sector Investment
  • Public Sector Support
• Internal Factors Favoring Growth
  • Environmental Impact Concerns
  • Legal/Regulatory Issues
  • Utility Obstacles (Integration into Existing Grids)
  • Geographic Obstacles
  • Recession
  • Impact on commercial and recreation fishing sites
  • Marine transit routes
  • Surfing and coastal recreation

Chapter 4: The Competitors

Overview

• Competitive Context
  • At What Cost?
  • Public/Private Interaction
  • Young Formation
  • External Market Factors Integral to Market Structure
• Ocean Energy Trade Associations
  • European Ocean Energy Association (EU-OEA)
  • International Energy Agency - Implementing Agreement on Ocean Energy Systems (IEA-OES)
  • Table 4-1: List of 2008 IEA-OES Members
  • Ocean Renewable Energy Coalition (OREC)
  • Table 4-2: List of 2008 Ocean Renewable Energy Coalition Members
  • Table 4-3: OREC Strategic Partners

Ocean Energy Technology Competitors

• Types and Sizes
• Most Development is Driven by Local Marine Conditions

Competitors by Product Category/Segment

• Competitors: Attenuator Energy Competitors
  • Table 4-4: Selected List of U.S./Global Attenuator Competitors
• Competitors: Horizontal Axis Turbines
  • Table 4-5: Selected List of U.S./Global Tidal (Wave) Energy Market Competitors
• Competitors: Oscillating Hydrofoil
  • Table 4-6: Selected List of Oscillating Hydrofoil Companies
• Competitors: Overtopping Devices
  • Table 4-7: Selected List of Overtopping Device Companies
• Competitors: Ocean Thermal Energy
  • Table 4-8: Selected List of U.S./Global Ocean Thermal Energy Competitors
• Competitors: Point Absorber Companies
  • Table 4-9: Selected List of Point Absorber Companies
• Competitors: Vertical Axis Turbine
  • Table 4-10: Selected List of Vertical Axis Turbine Companies
• Competitors: Salinity Gradient Energy

Competitive Profiles

• Introduction

Pelamis Wave Power Ltd.

• Corporate Background
• Product and Brand Portfolio
• Performance
• Company News
  • Growth
  • Outlook
  • Personnel Changes
  • Affect of Recession in 2008 and into 2009

Marine Current Turbines Ltd.

• Corporate Background
• Product and Brand Portfolio
• Company News
  • Projects in Development
  • Looking for Investors

OCEES International, Inc.

• Corporate Background
• Projects in Development
• Strategic Partners

Grays Harbor Ocean Energy Company

• Corporate Background
• Product and Brand Portfolio
• The Oscillating Water Column Technology
• Company News
  • Innovation
  • Outlook
  • Collaborations

Finavera Renewables

• Corporate Background
• The AquaBuOY
• Company News
  • Acquisition of AquaEnergy Group, Ltd.
  • AquaBuOY 2.0
  • Humboldt County, California
  • Coos Bay, Oregon
  • Makah Bay, Washington State, USA
  • Innovation
  • Outlook

Chapter 5: Ocean Energy Technology Market Trends

• Competitive Trends
• Globalization of U.S. Ocean Energy Technology Market
• Foreign Dominance of Research and Development
• Scotland, Ireland and the UK
• Table 5-1: Scotland Marine Energy Programme Distribution
• Table 5-2: UK Renewable Obligation Time Table (percent)
• Australia
• Table 5-3: Proposed Australian Renewable Energy Fund, 2009
• Table 5-4: Oceanlinx' s Funding Sources, 1999-2009
• Israel
• Table 5-5: S.D.E. Orders 2005-2008
• Portugal
• Table 5-6: Ocean Energy Projects in Portugal
• Canada
• Table 5-7: Wave-energy Projects in Canada
• Table 5-8: Tidal-energy Projects in Canada
• UK Technology at Work in Canada
• Building the Marine Technology Network in British Columbia
• China
• Japan
• Ocean Energy Trends in the United States
• Figure 5-1: U. S. Energy Consumption, 2007
• Competing with Fossil Fuels and other Renewables
• Table 5-9: Use Energy Consumption by Energy Source, 2003-2007
• Horizontal and Vertical Integration
• Government and State Support

Investment Trends

• Investor Trends in 2007
• Table 5-10: Ocean Energy Investments, 2007
• Investor Trends in 2008
• Table 5-11: Ocean Energy Investments, 2008
• Stock Market Trends
• Table 5-12: OET Companies Trading on Public Stock Markets: By Exchange and Stock Symbol

Financing Trends

• Financing Is Fundamental
• Emerging Financing Models
• New OET Financiers
• Cautionary Note
• Subsidies

U.S. Federal and State Trends

• Federal Government Trend
• California Trends
• Florida Trends
• State Rebate Programs
• Table 5-13: Coastal State Renewable Portfolio Standards (percent)

Chapter 6: Market Distribution

• Distribution Structure
• Geographic Limitations
• Where is the power in the waves?
• Table 6-1: Global Distribution of Wave Energy Manufacturers (percent)
• Where is the Power in the Tides?
• Figure 6-1: Global Distribution of Tidal Energy Companies (percent)
• Ocean Thermal Energy Conversion Still Catching On
• Socioeconomic Considerations
• Overview: Theme and Variations
• Table 6-2: Ocean Energy Companies in Agreement with Utilities
• Distribution and Distributors
• Growth through Established Renewable Energy Market
• Growth through Power Collaboration with Industry Leaders
• Growth through Memorandum of Understanding
• A Unique Investment in Ocean Energy
• Getting the Word Out About Ocean Energy Technology
• Distribution, Direct-Sales Retailers, and the End-User