NERA is fast-tracking the formation of an industry-led ocean energy cluster that will strengthen collaboration, accelerate innovation and increase the current markets for Australia's ocean energy sector.
The cluster — Australian Ocean Energy Group — facilitates industry collaboration of the ocean energy industry to create significant value for Australia. Its founding partners include leading energy organisations, Australian research institutions, plus innovators and SMEs drawn from across Australia and the world.
This virtual ocean energy cluster is an innovative addition to the global ocean energy sector.
NERA's funding and industry support provide an important catalyst to attract engagement and collaboration with Australia’s energy sector, as well as help add ocean energy to Australia's future energy mix, assisting our energy resources sector to move to a renewable energy future.
Ocean energy has the potential to solve energy solutions in a wide range of unique end-user segments including aquaculture, desalination, micro-grids, hydrogen production, off-shore co-generation (wind, floating solar), remote operations (oil & gas), scientific sensors and many others.
By supporting cross-industry collaboration, the cluster helps to incorporate new technologies and/or ways of operating that lead to innovation, cost efficiencies and potential increased energy production.
This cluster engages with other well-established clusters and clean energy innovation hubs around the world to increase the export opportunities for Australia's ocean energy sector.
As part of this project, NERA is helping to stimulate market demand for offshore renewable energy in Australia by supporting the AOEG to establish the world's first Integrated Ocean Energy Marketplace.
Based in WA's Great Southern region, the Marketplace will demonstrate the value of wave energy (and tidal energy in Australia's north) as critical enablers of offshore wind and solar power in an integrated renewable energy microgrid system.
Find out more here.
The Australian Ocean Energy Group is guided by a mission to accelerate commercialisation of Australia’s ocean energy as the next frontier in low carbon generating capacity and add ocean energy to Australia’s energy resource mix.
This vision will be achieved by:
"Through focussing efforts on research and collaboration, Australia has the potential to become a leading source of knowledge for the ocean energy community."
The cluster creates value by supporting the acceleration of Australian ocean energy projects.
Both near-shore and co-located offshore energy initiatives have the potential to provide direct opportunities for shared energy benefits, infrastructure, supply chain, specialised service technology exchange and maintenance and repairs.
The virtual approach of the cluster is particularly suited to the nature of the Australian ocean energy sector and proposed as the most efficient way to innovate solutions to challenges in ocean energy development.
Through growing the breadth and diversity of capabilities in Australian ocean energy services, the sector will become more resilient to future market variations.
Start: August 2018
End: June 2022
Total Project Cost: $806,000
*Funding excludes GST