OpenHydro | 2016 Update

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OpenHydro | 2016 Update

EU Maritime Day | Turku, Finland

Sue Barr | External Affairs Manager | May 2016

May 2016 1 Corporate Presentation

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Agenda

1. Overview & Strategy

2. Company Roadmap

− Technology Development

− Demonstration Arrays

− Industrialisation

− Commercial Arrays


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Company Overview & Strategy


Tidal Energy

The company’s vision is to deploy turbine arrays under the ocean’s surface to produce energy silently,

invisibly and with no impact on the environment.

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Tidal System

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Tidal Resource


UK/Ireland:

Largest European resource (16GW), strong

political and financial support.

Canada:

Large exploitable resource (7.5GW), strong

political and financial support.

France:

Second largest European resource (6.5GW),

developing framework of support.

Market Opportunity

Global tidal resource in the

range of 90 to 115GW

(technically exploitable).

This represents a market

opportunity of €200bn.

Asia/Pacific:

Major tidal resource potential

identified in Asia Pacific

region.

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Company Overview


OpenHydro Ireland:

130 employees located in Greenore

Technical Centre and Dublin Office.

Plans to increase headcount by further

25% over next 12 month.

OpenHydro Canada:

Established in 2014 to deliver 4MW

demonstration array and drive

development of Canadian market.

15 employees in Halifax, Nova Scotia.

OpenHydro France:

Established in 2015 to

deliver EDF projects

and drive development

of French market.

ISO:9001 Accreditation

CPD Accredited Employer

€3.35bn in sales

€12.3bn in orders

13,648 employees

11 offices

worldwide

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Agenda


2. Company Roadmap





April 2016 7 Corporate Presentation

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Turbine Testing

OpenHydro has been testing at the European Marine Energy

Centre (EMEC) since 2006; grid connected in 2008.

2014/15/16 testing focused on new power convertor (ABB)

and in-house developed control system:

‒ Over 8,000 hours testing of current turbine.

‒ 16% improvement in turbine efficiency.

Technology Development


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Turbine Control Centre (TCC) Production

The first full scale (2MW) TCC’s are currently in production for

the Cape Sharp (Canada) project.

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Turbine Design

OpenHydro has a strategy for a standard system design that can be deployed across all our sites.

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Installation & Recovery

Installation and recovery system

successfully demonstrated in:

‒ Scotland (2008)

‒ Canada (2009/10)

‒ France (2011/12/13/14/16)



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Agenda


2. Company Roadmap






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Demonstration Arrays



OpenHydro is currently delivering turbines for demonstration arrays in Canada and France.

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Agenda


2. Company Roadmap





April 2016 20 Corporate Presentation

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Industrialisation

Levelised Cost of Energy (LCoE)

OpenHydro is targeting a competitive LCoE:

1. Design / Value Engineering

2. Supply Chain / Volume Effects


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

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Agenda


2. Company Roadmap






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Commercial Arrays


Emera | Canada

Joint Venture with Emera for

300MW tidal farm.

− Phase 1 (2016): 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. Site with 1GW+ potential.

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 EN | France

Development of 14MW project in

the Raz Blanchard off the coast

of Normandy.

EDF | Paimpol-Brehat

Demonstration array of 2 x 16m

turbines.

Commercial Pipeline

Prospects

OpenHydro also has over 2.5GW of

projects under assessment covering

multiple international jurisdictions.

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OpenHydro | 2016 Update

EU Maritime Day | Turku, Finland

Sue Barr | External Affairs Manager | May 2016


Documents

OpenHydro | 2016 Update