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

    Reaching Out

    Did You Know?

    Oregon is a leader in wave energy.
    Oregon focuses on a collaborative model for getting wave energy projects in the water.

    That Oregon’s Coastline is among a few places in the world that has the key elements to tap into wave energy?

    That Oregon can enjoy an abundance of energy generated by ocean waves?

    That our state contains internationally- recognized experts who are leading efforts to responsibly develop wave energy?

    That Oregon has capacity to build, maintain and deliver sustainable wave energy power to the grid?


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    Membership

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    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