The pathway to net zero 2050
A fundamental shift is required to transition our electricity from coal, oil and gas, to renewables. Wind and solar are currently doing the heavy lifting, however a diversified energy mix has been identified as the cornerstone of the most cost effective pathway to net zero by 2050*.
Generating power from the worlds oceans is a key part of this diversification. It complements wind and solar production at the source to fill the gaps, meaning the grid is more stable and less energy storage is required, which minimises overall cost to the grid.
* IEA (2021), Net Zero by 2050, IEA, Paris https://www.iea.org/reports/net-zero-by-2050, License: CC BY 4.0
We have lowered risk to new levels by using traditional materials applicable to a circular economy, with tried and tested fabrication techniques. We have no underwater moving parts and operate on a similar scale to offshore wind energy. We are “self-installing” so there is no need for large floating cranes, and safe access for our O&M team is fundamental to our design.
Tank testing at the University of Western Australia validated our system and our numerical models, and we are accelerating along our development pathway to a large-scale deployment by 2025.
Health & safety
With over 150 cumulative years of offshore experience, the health and safety of our future maintenance teams was at the forefront of our thinking during the conceptual design. Personnel access, ease of maintenance and the ability to change components easily and safely is assured because all of our systems are dry and above the water line.
And we will help to de-bottleneck an already constrained supply chain, with more MW per hectare, and new vendors outside of traditional markets.