Thetis 2015

1. James IVES
CEO
OpenHydro

2. ©OpenHydro2015–Allrightsreserved
OpenHydro Update
Thetis Presentation
James Ives | OpenHydro CEO | 21st May 2015
21st May 20152 Thetis Presentation

3. ©OpenHydro2015–Allrightsreserved
Company Overview & Strategy
21st May 20153 Thetis Presentation
Technology
Development
Demonstration
Arrays
Industrialisation
Commercial
Arrays

4. ©OpenHydro2015–Allrightsreserved
Technology Development
21st May 20154 Thetis Presentation
Turbine Design
 OpenHydro has a strategy for a standard system design that can be deployed across all our sites.
 Design of our Pre-Series turbine
is complete and procurement for
the first 4 units has commenced.

5. ©OpenHydro2015–Allrightsreserved
EMEC
 OpenHydro has been testing at the European Marine Energy
Centre (EMEC) since 2006; grid connected in 2008.
 2014/2015 testing focused on new power convertor (ABB)
and in-house developed control system:
‒ Over 3,000 hours generating onto the grid.
‒ 16% improvement in turbine efficiency.
Technology Development
21st May 20155 Thetis Presentation

6. ©OpenHydro2015–Allrightsreserved
Prototype 16m
 The prototype 16m
turbine was installed in
December 2013 and
safely recovered in April
2014.
Technology Development
21st May 20156 Thetis Presentation

7. ©OpenHydro2015–Allrightsreserved
Installation & Recovery
 OpenHydro recognised early that the key constraint in the
development of the tidal industry is the deployment system.
 Patented installation and recovery
system demonstrated in Scotland,
Canada and France.
Technology Development
21st May 20157 Thetis Presentation

8. ©OpenHydro2015–Allrightsreserved
Demonstration Arrays
21st May 20158 Thetis Presentation
Demonstration Arrays Technology
Development
Demonstration
Arrays
Industrialisation
Commercial
Arrays
Customer: Emera
Location: Bay of Fundy
Installation: 2015
Scale: 2 x 16m
Turbine Rating: 2MW
Customer: EDF
Location: Paimpol-Bréhat
Installation: 2015
Scale: 2 x 16m
Turbine Rating: 2MW

9. ©OpenHydro2015–Allrightsreserved
Demonstration Array
21st May 20159 Thetis Presentation
France | EDF
 During 2015 OpenHydro will install 2 x 16m Pre-Series turbines at EDF’s Paimpol-Bréhat tidal site.
 This follows the successful testing of a prototype 16m turbine at the site over the winder of 2013/2014.

10. ©OpenHydro2015–Allrightsreserved
Industrialisation
Industrialisation
 OpenHydro is targeting a
competitive Levelised Cost of Energy (LCoE).
 OpenHydro’s industrial strategy is based on a model with
industrial capacity in-market.
21st May 201510 Thetis Presentation
Pre-Series
Standard
Product
20162015 2017 2018 2019 2020
Cost
Time
Current Pre-Series Design
Cost Reduction - Design / Value Engineering
Supply Chain / Make or Buy Effect
Volume Effect ‘S’ Curve
Technology
Development
Demonstration
Arrays
Industrialisation
Commercial
Arrays

11. ©OpenHydro2015–Allrightsreserved
Commercial Arrays
Commercial Project
 Given the development
timescales it is important to
build a project pipeline in
parallel with technology and
industrial development.
1st October 201411 ICOE
Technology
Development
Demonstration
Arrays
Industrialisation
Commercial
Arrays

12. ©OpenHydro2015–Allrightsreserved
Commercial Arrays
Emera | Canada
 Joint Venture with Emera for
300MW tidal farm.
− Phase 1 (2015): 4MW
− Phase 2 (2017): 12MW
− Phase 3 (2019): 34MW
− Phase 4 (2020+): 100MW
per annum to 300MW
Brookfield | Northern Ireland
 100MW Joint Venture in Northern Ireland.
− Phase 1 (2018): 30MW
− Phase 2 (2019+): 70MW
SSE Renewables | Scotland
 200MW Joint Venture in Scotland.
− Phase 1 (2019): 30MW
− Phase 2 (2021): 170MW
ARE | Channel Islands
 Joint Venture to develop a 300MW
project.
 Separately, ARE are progressing
FABLink; an interconnector between
France, Alderney and the UK (available
from 2020).
− Installation of 50MW per annum
(initially) from 2021.
EDF | Paimpol-Brehat
 Demonstration array of 2 x 16m
turbines.
EDF EN | France
 Development of 14MW project in
the Raz Blanchard off the coast
of Normandy.
Commercial Pipeline
21st May 201512 Thetis Presentation
Project Portfolio
 During 2014 OpenHydro’s
development portfolio
grew from 300MW to
919MW.

13. ©OpenHydro2015–Allrightsreserved
OpenHydro Update
Thetis Presentation
James Ives | OpenHydro CEO | 21st May 2015
21st May 201513 Thetis Presentation