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WAVE ENERGY AS
POWERING THE FUTURE –MARINE ENERGY OPPORTUNITIES
Lisbon November 5th, 2009
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Monika Bakke, General Manager
- Technical sales engineer, Weatherford 2004-2006- Oil service technician, Aker Well Service/Bakke Oil Tools 1999-2004
John Peter Hernes, Board Member
- 12 yrs experience from investment management- Managing Director of Saakorn Vest Management - 10 years of executive search work and organizational management- MBA of Warwick, BSC, University of Stavanger
Leif Inge Slethei, Founder / Board Member
- 35 yrs experience from the oil &gas industry- Investor with several board positions- Founder Independent Oil Tools, Wepco, KL Oil Tools
Tor Norbye, Chairman
- 25 yrs experience executive positions /board work- Since 2000, partner of Interforum Partners AS- Core competence: Strategy, business development, international sales and marketing
Stig Bakke, Founder / Board Member
- 25 yrs experience from the oil service industry and from technology development work- Managing Director of Motorteknikk AS, Norway- Founder and Managing Director of Bakke Oil Tools, 1994-2002
Organization
Kjartan Gilje, Product Developer
-15 yrs experience technical design and development
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TechnologySSG Multi reservoir concept
• Overtopping principle – multiple reservoirs• High efficiency• System reliability
– Robust concrete structure– Few moving parts– Low maintanance requirements– Low operational failure risk
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TechnologyMST – Multi stage turbine
• Patented turbine that enables utilization of multiple heights of water with only one turbine
• Reducing start/stop sequences
• Optimizing overall efficiency
• Cost reduction
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Implementation in breakwater structures• Cost reduction – sharing facilities
• Existing infrastructure- Installation- Maintenance- Grid connection
• No additional visual impact on environment
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Development & Testing• Model testing
– Defining structure geometry– Hydraulic optimization of design– Structure load testing– Verification from DNV
• Partners:– Universitet i Ålborg, Danmark– Delta Marine Consultants, Holland
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Full-scale demonstration Svåheia Eigersund, Norway
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Full-scale demonstration Svåheia Eigersund, Norway
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Market
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9
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16 19
21 22
2326
27
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31
5
67
8
1718 20
24
25
32● Good● Acceptable● Poor
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SSG Breakwater designBiscaya Spania
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SSG Breakwater designBiscaya Spania
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Port of Hanstholm
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Port of Hanstholm
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Vision & Goals
Vision:• Provide renewable power to societies around the globe by delivering
cost effective large scale wave energy projects.
Goals:• Operational breakwater test facility in 2011• Project start in 2010 and 2011 for early commercial projects to be
developed• Decide on partners for international commercialization 2013
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Thank you for your attention
For more information:www.waveenergy.no