DEEP GREEN ENERGY FOR THE SMART CITY

Transcription

1 DEEP GREEN ENERGY FOR THE SMART CITY Sustainable Energy for Smart Cities & Living Dr Martin Edlund, CEO Minesto 32 nd Taiwan Sweden Joint Business Council Meeting Taipei 26 September, 2016

2 WHAT MAKES A CITY SMART? Smart Energy Smart Grid Smart Transportation Smart Homes Smart Retail Smart Agriculture 2

3 WHAT MAKES A CITY SMART? Smart Energy Smart Grid Smart Transportation + Sustainability Smart Homes + Intelligent society + Care of human values + Clean environment = Need for renewable energy Smart Retail Smart Agriculture 3

4 RENEWABLE ENERGY IN A SMART CITY SECURITY OF SUPPLY Base-load Energy storage Influenced consumption 4

5 ENERGY STORAGE HYDROGEN ENERGY STORAGE Hydrogen Filling Station Hydrogen Tank Electrolysis Fuel Cell Stack 5

6 INFLUENCED CONSUMPTION SUNSHINE AT NIGHT 6

7 THE RENEWABLE ENERGY MIX OTHER WIND Base-load? SOLAR 7

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9 THE RENEWABLE ENERGY MIX Ocean Energy + Predictable + Reliable + Continuous & unlimited + Local = Sustainable base-load energy OTHER WIND SOLAR 9

10 OCEAN ENERGY IN TAIWAN 50% of Taiwan s future electricity demand can be met with energy from tidal and ocean currents Source: National Taiwan Ocean University 10

11 DEEP GREEN BASE-LOAD ENERGY FOR THE SMART CITY Unique, patented technology for producing electricity from lowvelocity tidal and ocean currents 11

12 謝謝 12

13 DEEP GREEN A TECHNOLOGY TO PRODUCE RENEWABLE ENERGY FROM THE KUROSHIO Company Presentation Dr Martin Edlund, CEO Minesto 32 nd Taiwan Sweden Joint Business Council Meeting Taipei 26 September, 2016

14 THE RATIONALE BEHIND RENEWABLE ENERGY Growing global energy demand World-wide policy consensus regarding global warming Domestic, unlimited energy supply Local production creates local job opportunities 2

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17 THE CHALLENGE: AN EMERGING INDUSTRY Until now, energy extraction from ocean currents and tidal flows has been too expensive. In tidal conversion the conventional concept (horizontal axis) has not proven its competitiveness Alternative renewable investments has less of a technology-bet component The public support system play a significant role Long term LCOE (Levelized Cost of Energy) must be competitive 5

18 THE SOLUTION: DEEP GREEN 6

19 THE UNIQUENESS OF DEEP GREEN Patented technology accelerates the water flow through the turbine by up to x10 Operates in low-velocity tidal and ocean currents, such as the Kuroshio Current Small, lightweight design reduces both CAPEX and OPEX Unlocks a market equivalent of 190 nuclear reactors No visual impact on the environment The Deep Green technology is able to operate economically at sites where no other renowned technology has been identified 7

20 COST DRIVERS 1 Lower weight means smaller O&M vessels 5,000/day 50,000/day 8

21 COST DRIVERS 1 Lower weight means smaller O&M vessels 2 Year-round site accessibility Minimal down time Enhanced cable laying procedure Increased installation and O&M windows Accessible 9

22 COST DRIVERS Service costs 1 Lower weight means smaller O&M vessels 2 Year-round site accessibility 3 Most service conducted on shore subsea surface on shore 10

23 THE COMPETITIVE LANDSCAPE Horizontal axis turbines Rated power: 1 1.2MW Current flow: m/s Weight: t Depth: m Cost of Energy: /MWh 1 Deep Green technology Rated power: 0.5 MW Current flow: m/s Weight: 10 t Depth: m Cost of Energy: 100/MWh 1 Global potential: 25 GW 1 Year 2022 Global potential: 200 GW 1 Year

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25 TAIWAN ONE OF OUR PRIMARY MARKETS 13

26 THE KUROSHIO CURRENT Can satisfy as much as 50% of Taiwan s future energy demand* Deep Green potential: 20GW (40,000 units) *Combined local potential of tidal and ocean currents in Taiwan. Source: National Taiwan Ocean University 14

27 EXAMPLES OF OTHER LOW-VELOCITY MARKETS 15

28 A STATE-OF-THE-ART OCEAN TEST SITE Combining demonstration and technology development Smaller financial commitment and shorter lead times Important links to local marine energy research 16

29 HOLYHEAD DEEP World s first low-velocity tidal energy project Funding partnership: Welsh European Funding Office 17

30 OUR OFFER Joint R&D/demo installations SPV shareholder Joint Venture Partnership 18

31 THANK YOU! 19