brendan mc grath presentation
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‘DOING THE DEAL’ ...The role of the developer
Brendan McGrath
C.E.O of Gaelectric
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• Irish company
• Renewable energy and energy storage
• Active in; Ireland – North and South USA – Montana
• Leading proponent of Energy Storage - CAES, Gas Storage & Flywheel
• Significant development work being undertaken in the EU & US
• Raised €35m to date – August 08 €25m funding round valued business at €133m
Gaelectric Holdings Plc
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Gaelectric
Irish Onshore
Wind
US Onshore Wind
Irish OffShore
Wind
Energy Storage
Business Structure
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Irish Operations
•Northern Ireland pipeline of 200MW 87MW with planning by Q3 2010
•Republic of Ireland pipeline of 70MW – 56MW with planning and Gate 2 or Gate 3 positions
•Will be connected to the grid in accordance with government schedule
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Montana Portfolio - largest owner of wind resource
Harlowton
Frenchman’s Ridge
Roy
Tiger Ridge
Geyser
Kelly Hills
Coutts Liberty
Chinook
MSTI
MATL
Colstrip 500kV
Lennep
Green Line
Gaelectric sites
Good Wind
Excellent Wind
Transmission line
• Transmission solutions focus on optionality
• Wind measurement program
• Targeting 1,600MW “shovel ready” by 2013
• 1,000MW with transmission
• Capacity factors +40%
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Six Elephants in the Energy BusinessStory
State
Utility
Finance
Transmission
Regulator
Turbine Supplier
‘Gaelectric’s View of The Energy Market’
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…Harmony in
the Forest
The fable of
the mouse
and the
elephant
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Elephants
Arrival
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Elephants
Create
Havoc
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CEO
Elephant
Meets
CEO
Mouse
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Elephants
Abide
by new
Protocol
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Hunters
Arrive
‘New
Market
Entrants’
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Elephants
Snared
in Red
Tape
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Mice
Come To
The
Rescue
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Elephant
Agrees
Future
Co-
operation
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Lessons Learned
• Throwing your weight around wins you few friends
• Cooperation brings unexpected rewards
• Big is good, but quick is better
• Recognise the skills of others
• When the pressure is on adaptability is invaluable
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Compressed Air Energy Storage – what is it?
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C. A. E. S – Why?
• Need for flexible and carbon efficient plant to integrate renewables
• CAES - a proven storage technology with two plants currently in operation
• Major advances in the efficiency of the technology
• Recent international studies confirm tangible system benefits
• Major demonstration funding available in the US and emerging in Europe
• Unique geology in the Larne area could be utilised to develop a CAES plant
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C. A. E. S – How and When? • G.E.S utilised the All-Island Grid Study model and associated assumptions
• Identified key technical/economical relationships between CAES and Renewable penetration levels Portfolio mix System Operation
• Work completed with RISOE and considered leading edge assessment
• Demonstrated CAES to reduce emissions, system costs and curtailment
• CAES shown to be economically viable earliest in Island Grid (2015)
• This approach can be internationalised
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Offshore Energy
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Offshore Energy Survey Area
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Demonstration & Site Development Potential
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A bridge into Europe
C.A.E.S IrelandAn Island Grid provides a demonstration laboratory of how energy storage compliments and assists high levels of renewables in the new SMART GRID
DEEPWATER/OFFSHORE WINDSupporting Ireland’s renewable targets and exporting our abundance of renewable energy to Europe
DEMONSTRATION PROJECTSThese can be supported by European research and development funds &Supported by the European Investment Bank
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The
Luck
of the
Irish
To do any deal the essential ingredient is
‘LUCK’
As it happens the Gaelic for
mouse is
‘LUC’