Ørsted Bioenergy & Thermal Power

Transcription

1 Ørsted Bioenergy & Thermal Power Valmet Customer Days 2018 Thomas Dalsgaard Executive Vice President Ørsted Bioenergy & Thermal Power 2018

2 Ørsted develops energy systems that are green, independent and economically viable Revenue (2017): 8bn 1 EBITDA (2017): 3bn 1 ~5,600 employees Major Shareholder: Danish State 50.1% Active in Scandinavia, United Kingdom, Germany, The Netherlands, USA and Taiwan Wind Power Customer Solutions 2 Bioenergy & Thermal Power Global leader in offshore wind with 5.1 GW installed and another 3.8 GW project pipeline Ambition of GW installed offshore wind capacity by 2025 Developing green, innovative and costefficient solutions for B2B customers Manage and optimise Ørsted s energy portfolio #1 in Danish heat and power generation Converting heat and power plants from coal and gas to biomass 2 1. Revenue and EBITDA reported in DKK. Revenue: DKK 59.5 bn; EBITDA: DKK 22.5 bn 2. Divestment of Ørsted s Danish power distribution and residential customer business and the City Light business is expected to take place in 2019

3 Our geographic footprint 1 3 February Divestment of share of Enecogen announced in June 2018.

4 Ørsted Bioenergy & Thermal Power is the largest player in the Danish heat and power market Assets and geographical position CHP plant Peak-load power plant Share of DK production (heat 2016, power 2017) Ørsted Other Heat plant Biogas plant Heat 25% 75% Herning Studstrup Asnæs Kyndby Svanemøllen H.C. Ørsted Kalundborg Esbjerg Skærbæk Avedøre Avedøre 1 2 Power 32% 68% Copenhagen 4

5 The full bio-conversion of our power stations is progressing as planned CHP conversion data (MWe/MWth) 1, 2 Herning (75E/200E) Avedøre 2 (401/535) Studstrup 3 (362/513) Avedøre 1 (258/370) COD 2009 / 2019E 3 fuel types Gas Wood chips / wood pellets COD 2002 / 2014 Natural Wood pellets gas / fuel types / Straw Straw COD 2016 fuel types Coal Wood pellets COD 2016 fuel types Coal Wood pellets Skærbæk 3 (95/320) Asnæs 6 (25E/125E) Esbjerg 4 (56E/214E) COD 2017 COD 2019E COD 2022E Natural fuel types gas Wood chips fuel types Coal Wood chips fuel types Coal Wood chips Total: 1,272 MWe 2,277 MWth 5 1. Biomass capacity after conversions. MWe refers to power production capacity after conversion. MWth refers to heat production capacity after conversion 2. Max. capacities that can not necessarily be reached simultaneously 3. Installation of flue gas condensation E. Expected

6 and we re saying goodbye to coal in 2023 Coal (million tons) CO 2 -emissions (g / kwh) %

7 Biomass needs to demonstrate continued cost out and sustainability to maintain relevance Pressure on biomass demand Supply side response Subsidies Time limited Opinion leaders Electrification Transparency & trading NGOs Anti-thermal Other RES Wind, solar, etc. Biomass demand Sustainable biomass Political agendas EU scepticism Supply chain optimization 7

8 Demonstrating sustainability is key for continued support SBP is gaining traction as a market leading certification system CO 2 Traceability of origin SBP Ensure replanting and accounting of GHG emissions One compliance standard across markets 8

9 In addition to bio-conversions, we have initiated the Smart Plant Programme how to run the digitalized power plant of the future: smart, green and safe Ørsted s Smart Plant Programme covers five key areas Fuel & logistics Reduce cost of fuel ownership across the full supply chain from cargo to silo Plant performance Improve productivity from office to plant by automating and digitalising processes Organization & employees Make the most of our talent and build a flexible organisation where skills & expertise bring biggest impact New technology Be on top of technological advancement and bring in intelligent new tech solutions to daily routines Big Data & analytics Better use of data to support timely business decisions across the organization from trading to production floor 9

10 With smart technologies and responsible biomass sourcing, bio-converted CHPs can back security of supply for years to come both in power and heat Deliver three distinct green products: Dispatchable green power, grid stabilization and green district heating Complementing wind and PV in the green power system Currently the only green alternative for large scale district heating Optimal usage of existing infrastructure Can function as testing ground for new technologies (e.g. long-term storage, power-to-gas, etc.) 10

11 Our vision Let s create a world that runs entirely on green energy