energy storage: 1 - sir david king keynote speech

Global Need for Energy Storage

Sir David King UK Foreign Secretary’s Special Representative for Climate

ChangeChair, Future Cities Catapult

Trilateral Energy Storage WorkshopUK Ambassador’s Residence, Paris

Wednesday 19th November 2015

Total Population of the World in Billions

Source: IIASA

Middle Class*

*Middle class here defined as daily per capita spending of between $10 and $100 in PPP terms

Risk of fatal heat stress

Risk of Crop Failure (Rice)

Probability of exceeding 4°C

Probability of exceeding 7°C

• Climate Change Risk: looming catastrophe to be avoided, with benefits including:

• Energy Security• Health• Prosperity

• UK commitment: 80% CO2 emissions reduction compared with 1990; 52% by 2028.

• Long term CO2 neutrality target needed for about 2060

EU Energy Policy 2030 Targets

Delivery aided by European Energy Union.

1.) At least 40% reduction in GHG emissions compared to 1990.

2.) More than 27% Renewable Energy installed

3.) About 27% Energy Savings.

EU Energy Investment Needs 2010 - 2020

Power Generation – 500 bn euro(Renewables 350 bn euro)

Transmission and Distribution – 600 bn euro(Distrib – 400 bn euro; Transm – 200 bn euro).

TOTAL: 1 trillion eur

The engine of energy demand growth moves to South Asia

Primary energy demand, 2035 (Mtoe)

China is the main driver of increasing energy demand in the current decade, but India takes over in the 2020s as the principal source of growth

4%

65%

10%

8%

8%5%

OECD

Non-OECDAsia

MiddleEast

Africa

Latin America

Eurasia

Share of global growth2012-2035

480

Brazil 1 540

India

1 000 SoutheastAsia

4 060China

1 030

Africa

2 240UnitedStates 440

Japan1 710

Europe1 370

Eurasia

1 050MiddleEast

Trilateral Energy Storage Working Group

• To accelerate innovation and deployment of energy storage technologies

• To facilitate development of policy mechanisms & market structure conducive for commercial utilisation

• To support the EC, national govts, innovation agencies and industry towards EU leadership in commercial deployment.

Multi-vector, multi-scalar scope for energy storage A range of new energy storage technologies needed for a range of applications:

• Small scale for distributed systems, eg for off-grid villages, kW hr to MW hr

• Large scale for country-wide grids, GW hr to tens of GW hr.• Different time scales, from 14 hour day-night to inter-seasonal.• Cost target: < $100 per kW hr.

G7 Heads of Government meeting, June 2015

• Commitment to “decarbonise the global economy over the course of this century.”

• “ We will work together and with other interested countries to raise the overall coordination and transparency of clean energy research, development and demonstration, highlighting the importance of renewable energy and other low-carbon technologies. We ask Energy Ministers to take forward this initiative and report back to us in 2016.”

Functionality:

VariaLift Airship

Long-term commitment to sea level rise

• In 2014 more renewable energy was installed worldwide than fossil fuel.

• In UK: 11,500 companies employing 460,000 people are involved in the new low carbon economy.

• Annual turnover in 2013: £44 bn.

• This is twice the turnover of our auto-manufacturing industry.

• Annual gross value = the food and drinks industry.