Oregon Wave Energy Trust

Utility Market Initiative (UMI)

Due to the comprehensive tasks in this report individual chapters have been linked below for your convenience (PDF).

Project Overview

The UMI report establishes useful tools and effective strategies to address the technical and business issues currently facing both the utility companies and wave energy industry.

Task 1:  Utility Engagement

This task includes establishing a Wave Energy Utility Advisory Committee that guides and oversees efforts of the project. Committee members provide direction for areas of focus and provide feedback on project deliverables.

1.1 Utility Advisory Group – Overview
1.2 Draft NWPCC 6th Power Plan Language

Task 2: Resource Potential

A comprehensive examination of the wave resource and existing wave energy conversation technologies. In addition, this task provides an estimate of potential installed megawatts, timing and locations for wave energy in Oregon’s power supply portfolio.

2.1.1 EPRI Wave Energy Technology Assessment
2.1.2 Garrad Hassan Wave Energy Technology Review
2.1.3 Oregon Wave Project Database
2.2 Wave Resource Assessment
2.3 Forecast of Potential Wave Energy in Oregon
2.4 Oregon Coastal Transmission Map and Substations

Task 3:  Business Model

This task provides an overview of the wave energy industry, including the current estimated cost and value of wave energy and a review of alternative price support mechanisms. In addition, there is a review of the risks associated with wave energy and the different business protocols to be contemplated to address risk.

3.1 Utility Industry in Oregon
3.2.1 Market Review (International)
3.2.2 Price Support Alternatives Analysis
3.3.1 Value of Wave Power – Summary of Results
3.3.2 Value of Wave Power – Model Documentation
3.3.2.1 Wave Energy Valuation Model
3.4 Business Protocols
3.5.1 Overview of International Standards
3.5.2 Marine Hydrokinetics Technical Standards (TC 114)

Task 4:  Grid Integration Tools

This task identifies the existing transmission capability of the system with an integrated systems analysis. In addition, this task summarized key technical and operation information: interconnections requirements, scheduling parameters, and other operations considerations. A review of a wave forecasting tool is also provided.

4.1 Interconnection Guidelines
4.2 Integrated Systems Analysis
4.3.1 Forecasting Requirements
4.3.2 EPRI WaveWatch III Review/Implementation Plan
4.4 Scheduling Requirements and Challenges
4.5.1 Technical and Operational Barriers
4.5.2 Integration and Balancing of Wave Energy
4.6 Telemetry


    Membership

    Join Us.

    Become a member
    for Oregon’s future.
    Why support Oregon
    Wave Energy Trust?

    Wave energy is one key
    part of the comprehensive
    alternative energy
    solution for Oregon.
    And thanks to a
    combination of unique
    characteristics is
    the only source of
    energy where Oregon
    enjoys such a clear
    competitive advantage.
    As a result, Oregon’s
    wave energy industry
    provides myriad opportunities
    to deliver significant
    economic benefits to the state.

    Oregon Wave Energy
    Trust (OWET) works
    closely with our state-
    wide stakeholders:
    fishing and environmental
    groups, coastal
    communities and
    industry, government
    agencies and other
    partners in responsibly
    developing this new industry while
    establishing Oregon
    as the North American
    leader in wave energy.
    The work that we do
    is the real benefit we
    offer our members.



    Our Founding Partners

    Oregon Wave Energy Trust was funded in part with Oregon State Lottery Funds administered by the Oregon Business Development Department. It is one of six Oregon Innovation Council initiatives supporting innovation and long term economic growth.

    Business Oregon

    Oregon Inc