idea? OFFSHORE RENEWABLES AND THE SCORE INNOVATION FUND October - PowerPoint PPT Presentation

What’s the big idea? OFFSHORE RENEWABLES AND THE SCORE INNOVATION FUND October 2016 scoregrants.co.uk @scoregrants T: 01502 563368

What is ? • £6 million grant investment supporting business to develop new and innovative technologies in offshore renewables • Grants up to £50,000 (or 40%) are available to support the development of new products, processes and ideas. • Simple process! • Technical expertise and support available scoregrants.co.uk @scoregrants T: 01502 563368

Innovation Grant • Available to SMEs in England, with the Are you an SME? ‘economic benefits’ being primarily in Do you have: Cambridgeshire, Essex, Norfolk and Suffolk • < € 50m (£38m) turnover • Designed to develop new products, processes • < € 43m (£33m) balance sheet • < 250 employees and ideas – from patenting a product to exploring concepts that offer new ways of solving problems and driving efficiency. • Open now for applications • More info: www.scoregrants.co.uk scoregrants.co.uk @scoregrants T: 01502 563368

Grant Investments – to date • 4 th generation Innovation Grant fund focussed on offshore renewables. • 79 innovative SMEs supported • £3.7m invested in regional businesses • £2.2m private sector funding leveraged • 111 new jobs created scoregrants.co.uk @scoregrants T: 01502 563368

Who is ? www.nautilus.uk.com www.gov.uk/government/policies/european-funds www.nwes.org.uk www.orbisenergy.co.uk http://ore.catapult.org.uk scoregrants.co.uk @scoregrants T: 01502 563368

Proximity to Market scoregrants.co.uk @scoregrants T: 01502 563368

Capital Investment Forecasts to 2020 Source: Nautilus Associates / 4C Offshore Additional The East £28bn £13.1bn Regional United Kingdom investment up to 2030 £83bn 604 Projects scoregrants.co.uk @scoregrants T: 01502 563368

Size of the opportunity – towards 2020 East Anglia region Offshore Wind Source: Nautilus Associates / 4C Offshore 2016 Offshore Oil & Gas £1.8bn £5bn Oil & Gas Decom. £1.9bn £5bn Gas £2.5bn £2bn Biomass Onshore Wind £3.7bn Solar £3.3bn £3bn scoregrants.co.uk @scoregrants T: 01502 563368

Opportunities – 2020 to 2030 East Anglia region £2bn Source: Nautilus Associates / 4C Offshore 2016 Offshore Wind Nuclear £3bn Oil and Gas £12bn CCS/CCGT £3bn Oil and Gas Decom. Solar £7bn Onshore Wind scoregrants.co.uk @scoregrants T: 01502 563368

Greater Gabbard 140 x 3.6 MW turbines 504 MW Capacity World’s 3 rd largest windfarm! scoregrants.co.uk @scoregrants T: 01502 563368

London Array 175 x 3.6 MW turbines 630 MW Capacity World’s largest operating windfarm! scoregrants.co.uk @scoregrants T: 01502 563368

Size of the Market scoregrants.co.uk @scoregrants T: 01502 563368

Dudgeon 67 x 6 MW turbines 402 MW Capacity scoregrants.co.uk @scoregrants T: 01502 563368

Galloper 56 x 6 MW turbines 336 MW Capacity scoregrants.co.uk @scoregrants T: 01502 563368

Picture: Westermost Rough Offshore Wind Farm East Anglia ONE 102 x 7 MW turbines 714 MW Capacity East Anglia THREE 172 x 7 MW turbines 1,200 MW Capacity East Anglia ONE NORTH 800 MW Capacity East Anglia TWO 800 MW Capacity scoregrants.co.uk @scoregrants T: 01502 563368

Norfolk Vanguard 1,800 MW Capacity Norfolk Boreas 1,800 MW Capacity scoregrants.co.uk @scoregrants T: 01502 563368

Proximity to Market scoregrants.co.uk @scoregrants T: 01502 563368

Developing winning ideas… London Array scoregrants.co.uk @scoregrants T: 01502 563368

Get some perspective Just because you think it’s a good idea… do your potential customers? Where’s the demand? Is there an existing market for your innovation? What’s the problem your solution is trying to solve? What is / How long is your route to market? scoregrants.co.uk @scoregrants T: 01502 563368

Industry Trends… • ECOWindS – 3yr European funded collaborative R&D project between South Denmark, East of England, North-West Germany and Norway. • Focussing on cost reduction through improving the innovation capacity of the European offshore wind servicing sector. • Generating and validating innovation and research needs over the next 10-20 years. www.ecowinds.eu scoregrants.co.uk @scoregrants T: 01502 563368

ECOWindS Innovation Catalogue 29 innovation concepts developed and tested with industry: Assembly and Installation • Harbour Storage, Pre-assembly • Onshore & Offshore Transportation • Grid Connection & Commissioning Operations and Maintenance • Preventative Maintenance & Repair • CMS & Inspection Supporting the Supply Chain • Environmental Data Collection and Analysis • Specialised Vessels, Transfer Systems & Logistics Planning • Qualifications & Training www.ecowinds.eu scoregrants.co.uk @scoregrants T: 01502 563368

Industry Demand… Challenge led innovation • ORE Catapult: 7x Knowledge Areas • New ‘Innovation Challenges’ • Developed based on detailed feedback from Industry and Research Advisory Groups • Potential market?! scoregrants.co.uk @scoregrants T: 01502 563368

Innovation Challenges Knowledge Area Innovation Challenge Area (examples) Blades Blade erosion, health monitoring, improved manufacturing process & quality. Drive Trains Condition monitoring, hydraulic to electrical power take off Wind & Ocean Conditions Utilise existing met ocean data, remote sensing (e.g. LIDAR), environmental sensors Electrical Infrastructure Cable protection, dynamic cables Foundations & substructures Structural health monitoring, pin piling Installation & decommissioning Mooring systems, connection/disconnection devices Operation & Maintenance Access systems, asset management https://ore.catapult.org.uk/innovation-challenges scoregrants.co.uk @scoregrants T: 01502 563368

Get tested!! • The UK has some of the world’s best test and demonstration facilities • ORE Catapult (Blyth) • WaveHub / FaBTest • European Marine Energy Centre • Universities and Research Labs • Operational projects • Prove it works before going to market! • Independent validation and endorsement scoregrants.co.uk @scoregrants T: 01502 563368

What can we support? • Research and development , including specialised consultancy. • Implementing findings of the planning process, such as in areas of new product development, manufacturing and design . • Collaborating with universities and colleges, and sourcing facilities, equipment and expertise to solve technical problems and develop further innovation. • Accessing equipment or services that support a technology ‘step - change’ for the business. scoregrants.co.uk @scoregrants T: 01502 563368

What can we support? • Acquiring equipment or services to provide additional production capacity to exploit innovation . • Developing alternative uses and markets for waste products. • Investigating the technological and commercial viability of transforming innovative ideas into new products, processes and technologies. • Assisting with the exploitation costs of new products or processes, including marketing, publicity and attendance at trade fairs. scoregrants.co.uk @scoregrants T: 01502 563368

Case Study: Norcom Technology • £20,000 grant to enable Norcom, which develops software and hardware for navigation and hydrographic survey systems • eChart Service will be the most advanced seabed map ever created for the North Sea. • The service will show the precise location of all the current wind farms and proposed future developments, as well as including data pinpointing the staggering 20,000 wrecks on the region’s seabed . scoregrants.co.uk @scoregrants T: 01502 563368

Case Study: Le Mark /Dirty Rigger • £8,000 was awarded to enable the launch of its new range of heavy duty gloves, designed specifically to meet the demanding needs of workers in the offshore industry • OrbisEnergy brokered regional businesses to test the gloves offshore to help refine the final design. • Le Mark now undertaking global marketing campaign, led from the East! scoregrants.co.uk @scoregrants T: 01502 563368

Case Study: GreenSpur Renewables • Working with Cambridge University, GreenSpur is developing a new Permanent Magnet Generator design, mitigating the need for rare-earth metals such as NeoDymium • The £50,000 grant will develop a demonstration prototype, fully modelled by the University and develop projections for full scale performance and manufacturing costings. scoregrants.co.uk @scoregrants T: 01502 563368

It’s all about the plan… • Have a clear business, investment or project plan. • Be honest about the real opportunity (with yourselves too). • Find the right funding that meets YOUR needs! • Get external support to test and refine your plan… remember, funders/investors know their game. Make sure it works for you! • SCORE operates on the retrospective claim principal. Think carefully about the cash flow! scoregrants.co.uk @scoregrants T: 01502 563368

Come talk to us about YOUR big TALK TO US! idea? Johnathan Reynolds OrbisEnergy / Nautilus Associates T: 0333 370 4429 / 07787 518643 E: johnathan.reynolds@nautilus.uk.com