It is a time of radical changes in the utility world. A time of disrupt, or be disrupted. In this talk I go through some evolutionary, and several revolutionary business opportunities that utilities have to help stem their falling revenues from generation.
13. @TomRaftery13
"a long-term goal of keeping the increase in
global average temperature to well below
2°C above pre-industrial levels"
2015 Paris Climate Accord
http://ec.europa.eu/clima/policies/international/negotiations/paris/index_en.htm
60. @TomRaftery
Conclusion
60
• The times they are a changin'
• The tech is there to meet the changes
• Utilities need to grasp the nettle or they
risk being disrupted
Climate
Distributed generation
Storage
Digital transformation
Market Liberalisation
Customer empowerment
Last 800,000 years Atmospheric CO2 levels
Measure of incoming ocean breeze above the thermal inversion layer to minimise local contamination
On May 9, 2013 passed 400 ppm for the first time
In 2014 stayed above 400ppm for 3 months
For 6 months in 2015, and now permanently above 400ppm
2015 was hottest year on record. 2016 will beat that record
According to NASA, global average surface temperatures during July were 0.84 degrees Celsius, or 1.51 degrees Fahrenheit, above average
Many more headlines like this
195 of the world’s countries adopted the first-ever universal, legally binding global climate deal
Governments agreed
- a long-term goal of keeping the increase in global average temperature to well below 2°C above pre-industrial levels;
- to aim to limit the increase to 1.5°C, since this would significantly reduce risks and the impacts of climate change;
- on the need for global emissions to peak as soon as possible, recognising that this will take longer for developing countries;
- to undertake rapid reductions thereafter in accordance with the best available science.
Price for last 40 years
Swanson effect - price of PV falls 20% for every doubling of installed capacity
Price falls -> more attractive -> more installed -> price falls
=> Virtuous circle
Riyadh-based Acwa Power had lowest bid
And offered to go to 5.4c if they got the whole 1,000MW
The solar power will be sold to Dewa for 5.84c/kWh over 25 years
Natural gas – which generates 99% of the UAE’s electricity – costs 9c
From 2013, price has approx halved
Trend likely to continue
Disruption coming from here too
Data from University of Technology Eindhoven
Data from University of Technology Eindhoven
Disruption = Opportunity
Distributors of energy efficient goods
ESB shops
Keeping appliances in energy efficient state
Maintenance and repairs
Act as a lead generator for approved vendors of energy efficient goods and services
Of moving services, for example - bundling packages for telco, gas, upselling other products
Design/construction/retrofit of more energy efficient/water efficient homes – could also include energy storage
Financial options – end to end financial products from partnerships with financial institutions (finance storage products, geothermal, solar, energy efficient appliances)
Water utilities on grey water systems – tankless water systems
Community micro-grids using blockchain solution from Transactive Grid to manage transactions
EPRI ADR software
Open source software for flexible energy demand
Alliander has created energy marketplaces for realtime supply and demand synchronisation
Zown advises organisations/communities on micro grids, and has a Microgrid platform to manage & maintain local energy supplies
Business models offering smart home/DR services
Whirlpool dryer
Appliances subscribe to realtime pricing info & adjust their behaviour accordingly
Water heating
Fridges & freezers
Aircon
Smart home systems
Smart Utility Systems - apps for controlling the home
Ppl want more intelligent devices - set & forget
Smart home systems
Insurance, security, all the smart home stuff
Data based energy services
The world’s 65-and-older population is projected to triple by midcentury, from 516 million in 2009 to 1.53 billion in 2050.
PoC - RWE partnered with slock.it
EV charging platform across Netherlands, Belgium and Germany
V2G
V2G Partnership opportunities?
Freq regulation, flexible demand, DR
Prices falling for home solar
Lease customer roof space
Or help finance solar installations
14kWh & inverter & installation $6.5k
Tesla have demonstrated demand exists
Subsidise purchase, use for freq reg, demand flex, & dr
Sorek produces 627,000 cubic meters daily
Sells for $0.58 per cubic meter (1,000 liters)
Profitable rev of $133m pa