Innovating a sustainable energy future. Mark Little May 25, 2011

Transcription

1 Innovating a sustainable energy future Mark Little May 25, 2011

2 Market-focused R&D First U.S. industrial lab Began 1900 in Schenectady, NY Founding principle improve businesses through technology One of the world s most diverse industrial labs Cornerstone of GE s commitment to technology

3 3,000 technologists strong Global Research Center Niskayuna, NY India Technology Center Bangalore, India China Technology Center Shanghai, China Global Research Europe Munich, Germany Brazil Technology Center Rio de Janeiro, Brazil 2011, General Electric Company 3

4 Technical + service leadership New market Grow adjacencies 2 3 Customer solutions Grow $/ customer or country Core market 1 More products & services Grow share Grow markets Core technology New technology Systems Investing more in energy on several fronts 4

5 Deep pipeline of innovation 1 Better 2 Launch & build adjacencies that leverage more price points brand and distribution Build out global services footprint Next gen advanced CCGT Lead in Oil & Gas technology Develop fuel flex GT Build out drilling & production systems Fill out Wind product line Fill out aero & recip product lines Launch IGCC & sequestration Strengthen T&D product line Next gen Energy loco (hybrid) Launch global loco Next gen narrow body leadership DI market leadership in MR, CT, mammo Build out life sciences segments Industrial water re-use Improve appliance features vs. LG Launched thin film solar Avionics integrated propulsion HH ultrasound/portable devices Waste heat recovery Launch energy storage/batteries Hybrid water heater Launch diesel electric loco (HSR) Business jet wins Lead in molecular imaging Propulsion adjacencies China/India partnerships 3 Drive systems thinking: problem solving on a bigger scale Lead in Smart Grid Lead in Rail IT ecomagination Build industrial verticals Aviation Smart Services Hospital performance solutions Processing on seabed Lead in healthcare IT Company to country healthymagination Zero energy home/green appliances Total plant services 5

6 Developing world-class talent Electrical Engineers Physicists Energy Conversion Computer Scientists Biologists Advanced Propulsion Nanotechnology Molecular Medicine Innovation Sustainable Energy Mechanical Engineers Material Scientists Organic Electronics Mathematicians Chemists 2011, General Electric Company 6

7 Connecting with technology GE Global Research Governments Universities (300+) Companies State of Bavaria Monitoring & Diagnostics Sequestration Cancer diagnostics & therapies Diet impacts Engines Subsea electrification EVs Diesels Digital pathology Energy and Healthcare VC s 2011, General Electric Company 7

8 Global macro trends Electricity demand 2X by 2030 Population 8 billion by 2030 Environment 40 countries have added renewable targets in last 5 yrs Security heightened energy concerns Changing energy needs driving more investment in technology 8

9 Challenges on several fronts Carbon Grid Policy Technology is there Cost remains a barrier Increased peaking Wider grid fluctuation Lack of standards Global, disparate politics 9

10 A range of technologies are needed to resolve our energy challenges Diversity Coal Gas Wind Solar + Geothermal Biomass Hydro Oil Nuclear Ef fficiency Performance Re eliability Emissions s Driving cost of electricity down Affordable, reliable & environmentally responsible 10

11 Generation 11 / Mark Little/ LUX / 6/3/2011

12 The renewables revolution Global Wind & Solar PV annual installations (GWs) 42 ~$150B industry ~70 Key growth drivers Technology Reliability & efficiency Cost Wind: 80% last 25 years Solar: 70% last 3 years Policy 85 countries have renewable portfolio targets 13 Solar PV 7.5 Wind Source: Navigant Consulting & Greentech media Opportunity 1% more renewables = ~40,000 more wind turbines ~600,000,000 more solar modules ~4% penetration today significant growth ahead General Electric Company.

13 Taking wind to the next level Longer blade New composite core with aero elastic design, for 8% power increase Smaller Drivetrain improved reliability with ~20% mass reduction for ~0.5% AEP increase Power electronics 50% increase in power density, with ~0.5% reduction in losses Model based control ~1% AEP increase, 10% reduction in loads and expanded operation envelope Driving cost leadership onshore, expanding offshore 13

14 Driving solar R&D into business results Positioned for growth Highest recorded thin film solar efficiencies 400MW U.S. solar factory announced New commercial agreements for 100MW+ of solar thin film products Announced acquisition of PrimeStar & Converteam Driving for grid parity General General Electric Electric Company.

15 GE R&D drives faster solar growth Batteries Laptop Ultrasound Material science Post-deposition chemical process Surface preparation and interfaces Power conversion SiC diodes and switches Integrated controls and diagnostics OLEDs Nano technology Semiconductor processes Jet engines Wind Device physics Grain boundary characterization Thermo-mechanical structural modeling First principles device modeling Thin film deposition techniques Digital x-ray Translating real science into product General Electric Company.

16 Making renewable energy mainstream Cost $/w unsubsidized $0.50+ $ GW Lowest LCOE wins $0.25+ $0.25 Wind drivers Advanced turbine platforms Wind $ $ Reliability/efficiency Solar Installs GW $ $ Solar drivers Thin Film technology Reliability/efficiency Technology key to promoting widespread adoption General Electric Company.

17 Aeroderivative gas turbine GE LMS100 44% simple cycle efficiency Flexible gas turbine High part load efficiency 10 minute start High ramping capability Technology to enable more wind and solar power on the grid Back-up power for renewables 17

18 Conventional energy resources Will be with us for many decades to come New sources being discovered large reserves already identified Opportunities to increase efficiency, improve energy security and reduce carbon 18

19 Coal gasification Converts coal to synthesis gas cleans prior to burning - 90% carbon capture capability - 33% less NOx, 75% less SOx, 40% less PM10-30% less water, superior Hg removal Higher CoE & sequestration regulations must be addressed Large domestic supply, can address energy security needs 19

20 Subsea technology pipeline for new oil production Move oil processing from the surface to the seabed floor Double amount of recoverable oil from 35% to 70% in existing wells access new, untapped reserves Driving remote, monitoring & diagnostic (RM&D) technologies for increased safety and reliability Seafloor processing 20

21 GE Pulse technology New core enables shift constant volume combustion Pulsed detonation results in greater fuel efficiency with same power Quantum change in efficiency CC Efficiency 64% 62% 60% 58% 56% With constant volume combustion (future) With constant pressure combustion (today) Compressor PR 21

22 Redefining turbine efficiency 3-D Compressor Aero Advanced Combustion Advanced premixing, axial fuel staging Advanced Thermal Coatings Temperature Coated CMCs Capability Ceramic Matrix Composites +300 F temperature capability vs. superalloys Advanced Cooling & Sealing 3000 F Thermal Barrier Coatings Micro-pore Pulse & Fluidic Film DVC 2000 F Porous 1980s 1990s 2000s 2010s Conforming Abradable Path toward 65% combined cycle efficiency 22

23 GT CC ST Gas Turbine Solid Oxide Fuel Cells 70% efficiency potential SOFC Gas Turbine Hybrid Solid Oxide Fuel Cell (SOFC) Large or small scale PEM Fuel Cell Integrates well into CO2 capture schemes Challenges reliability and cost Gamechanger for efficiency 23

24 Carbon capture & sequestration Pre- and post- combustion approaches Advanced nano membranes for IGCC reduce energy penalty Novel solvents e.g. CO 2 scrubber: same active ingredient as hair conditioner Fits behind coal boilers & gas turbines Driving a more cost-effective approach 24

25 Gas turbine fuel flexibility Increasing fuel prices/volatility driving substitution for conventional fuels Syngas from coal and/or biomass Opportunity fuels Landfill gas, methane from coal mines, blast furnace gas Ethanol, biodiesel, coal-to-liquids, gas-to-liquids Key challenges fuel specific Hydrogen Low ignition energy, low density, high flame temperatures Liquid fuels from coal or heavy oils Contaminants turbine damage Opportunity fuels Uncertain composition 25

26 Jenbacher is fuel flexibility Landfill Gas Coal Mine Gas Sewage Gas Island Mode Associated Gas Combined Heat & Power (CHP) Special Gas Greenhouse CHP Biogas

27 Waste heat recovery New Technology... Heat Recovery Program Focus Conventional GE Technology Geothermal Industrial Solar Engines & Gas Turbines Large GT 100 C 200 C 300 C 400 C 500 C 600 C Advanced Heat Recovery Technologies Conventional Steam Cycles Geothermal & Solar 100 GW geothermal potential (MIT) * 200 GW solar potential * Jenbacher Engines Heat recovery adds ~10% power ~4%-pts higher efficiency Industrial Waste Heat 900+ T BTU heat wasted ( F) * $6 B/yr energy wastes * Aero Gas Turbines Heat recovery adds ~15% power ~6%-pts higher efficiency (* US only) 27

28 Delivery 28 / Mark Little/ LUX / 6/3/2011

29 The grid of the future Enables Energy efficiency More renewables Consumer empowerment 29

30 GE s Smart Grid Portfolio 30

31 Energy Storage value assessment Value will improve as cost is reduced Flexible generation & demand response viable alternatives Utility applications emerging frequency regulation and T&D deferral Smart EV charging to reduce CO2 footprint Source: Manz, Keller, Miller, Value Propositions for Utility-scale Energy storage 2011 IEEE PSCE 31

32 Energy storage Near term advanced batteries $160 million investment, creating $1B energy storage business for GE High energy density battery for energy sector and transportation rail, marine, road, mining Tomorrow diverse sources Capacitors Flywheels Compressed air Thermal Chemical energy Ideal for back-up power and telecom, Future solution for renewables firming, load leveling 32

33 GE s EFRC for advanced energy storage Key focus areas: Electrocatalysis, transport phenomena and materials Could enable storage applications with 2x 3x higher energy density Will support high penetration of renewables & long range EVs carbonfree Partners: DOE, Berkeley Lab, Yale, Stanford Novel fuel cell / flow battery energy storage system Safer, uses existing infrastructure Transforming fundamental research into long-term energy storage solutions General Electric Company.

34 End-use 34 / Mark Little/ LUX / 6/3/2011

35 Home energy management Optimizing demand response and efficiency opportunities Smart meters Home energy manager Smart appliances & lighting, EV charging Two-way dialogue between utility and homes Control appliances, track energy improvements remotely Demand response ready Higher efficiency 35

36 Paving the way for EVs Answering critical questions Grid integration Home and building energy optimization Depot or parking lot charging Collecting data installing EVSEs EV Experience Centers Universities and colleges Global Research campus Building models and system solutions Distribution grid simulations Intelligent charging algorithms Depot control systems How to manage a new and substantial load 36

37 The path to a cleaner, sustainable energy future Cleaner, more efficient power generation More efficient, reliable power delivery Lessening energy demand is being driven by technology 37

38 Join the conversation GE Global Research website Edison s Desk GE s longest running blog Edison s Desk on Twitter twitter.com/edisonsdesk Youtube account GE s Genius of the Day We re on Facebook too! Engage with GE scientists and engineers about innovation and science 2011, General Electric Company 38

39 2011, General Electric Company