ERDF - 2

The Future of Energy

WAVE + POWER

Marine Power Systems Ltd (MPS) is a wave power technology development company. Based in Swansea, South Wales, it was founded in 2008 to develop and bring to market the WaveSub wave energy converter. MPS has dedicated the past nine years to making wave power work, to bring the most affordable, reliable and scalable wave technology to the world.

The WaveSub has the potential to substantially reduce the costs of energy generation from waves and favourably compete with the levelised cost of energy for offshore wind. Funded by a mix of public and private sector investment, MPS has completed two phases of the development of the technology and is currently undertaking Phase three: the design, build and testing of a quarter scale prototype. This will take place at the FaBTest site in Cornwall, UK in autumn 2017.

The report is available to read now: Making Wave Power Work

Why Wave Power?

Offering levels of consistency and density superior to that of wind and solar energy, the global wave energy resource can only be described as ‘vast’, with the potential, even if only partially exploited, to significantly reduce dependency on fossil fuels and carbon emissions.

WIND + SEA

When winds interact with the sea surface, friction between the air and the water first causes ripples, then chop, then waves.

INFLUENCES

The size of the waves depend on how strong the wind is, how long it has been blowing, and over what distance it has been blowing (the fetch).

VAST SUPPLY

Waves, unlike wind, do not disappear when the wind stops blowing. Instead, waves travel outwards from their source until they reach land where they become breaking waves.

EFFICIENT ENERGY

The passage of swells through the open ocean is an incredibly efficient process – waves can travel hundreds, even thousands of miles with little loss of energy.

Global Energy Resource

The global wave energy resource can only be described as ‘vast’ with the potential, even if only partially exploited, to significantly reduce dependency on fossil fuels and carbon emissions.

Of particular interest, a practical resource of 50 tWh is available within the surrounding oceans of the UK. This is a significant proportion of the practical wave energy available globally and provides the United Kingdom with a unique opportunity to become a global leader in the development of wave energy technology.

55 DAYS. EXCELLENT GRID INTEGRATION: FORECAST UPTO 5 DAYS IN ADVANCE
8080,000 TWH/YR GLOBAL ANNUAL WAVE ENERGY RESOURCE
190£190BN/YR. ESTIMATED WORLDWIDE ELECTRICITY REVENUES FROM MARINE ENERGY IS £190BN
2020%. THE EU AIMS TO GET 20% OF ITS ENERGY FROM RENEWABLE SOURCES BY 2020
1010P/kWh. WAVESUB COST OF ENERGY IS FORECAST TO BE LESS THAN 10P/KWH

Project Development

The WaveSub has the potential to substantially reduce the costs associated with energy generation from waves. MPS has completed two Phases of the development of the technology and is currently undertaking Phase 3: Design, Build and Testing of a ¼ scale prototype.

1. Phase One

Phase 1 delivered a proof of principle prototype device that has undergone successful sea trials and energy generation tests at the world renowned National Renewable Energy Centre (NaREC) in Newcastle. The operating principles and ability to generate energy were proven by this prototype.

2. Phase Two

Phase 2 was a detailed desk engineering project to evaluate the cost of energy that the WaveSub is likely to deliver. This project comprised: an energy generation simulation exercise, design feasibility and costings of all parts of the WaveSub structure, installation and systems; and the costing of a maintenance plan for the WaveSub.

3. Phase Three

Phase 3 will see Marine Power Systems design, build and test a ¼ scale prototype at sea. This phase is underway, with the detailed design currently taking place. MPS have selected a number of industry expert project partners and subcontractors who are integral to delivering this phase.

Awards

Overcoming Challenges

The WaveSub is immensely efficient in power generation, construction and installation – creating the potential for a substantially lower energy cost than has been achieved by other renewable energy technologies.

The WaveSub directly addresses the fundamental challenges facing devices that try to exploit wave energy.

EFFICIENT ENERGY

With a subsurface orbiting energy capture system, the WaveSub harnesses the entire energy cycle of the wave.

SURVIVABILITY

To combat the harsh environment, the WaveSub is depth adjustable allowing it to descend beneath storms when necessary.

TRANSPORTATION, OPERATION & MAINTENANCE

The floating surface configuration of the WaveSub makes it exceptionally easy to transport, install and maintain.

CAPITAL COSTS

The WaveSub is cheap to manufacture due to its small size (for power produced), simple shape, and low structural loads.

Advisory Panel

MPS are in the process of assembling an expert advisory board. The board will be equipped with the necessary skills to provide guidance to the MPS team, in order to deliver the WaveSub project.

Latest Updates

The WaveSub has the potential to substantially reduce the costs associated with energy generation from waves. MPS has completed two Phases of the development of the technology and are currently carrying out Phase 3. Follow our latest updates for progress.

By Helen Kirkham

28 June 17 – PRESS RELEASE: New renewable energy report calls for global ambition of 10% wave energy by 2050

Making Wave Power Work provides an analysis of the economic and environmental potential that wave power offers both the UK and the rest of the world. It calls on industry and trade bodies to join up their communications around the 10% target and businesses and government to ramp up steady financial support and policy stability.

Partners

MPS has developed excellent relationships with many world leading companies & organisations. These are some of the companies that MPS has worked with to date and will continue to work with in the future.

Team

Dr Gareth Stockman

Managing Director

Our MD is a Major in the British Army, with 10 years experience in startup businesses.

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Dr Graham Foster

Chairman & Technical Director

Graham is a qualified mechanical engineer with extensive experience of generating and managing IP.

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Justin Morris

Director

Justin brings a wealth of experience, as a successful entrepreneur and a passion for renewables.

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Dr Ian Pearce

Director

Ian brings a wealth of business experience to MPS as a successful dot.com entrepreneur with a passion for clean-tech.

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