top technologies in sustainable energy for 2014
TRANSCRIPT
Top Technologies in Sustainable Energy for 2014
Powering the World Sustainably
W.F. Kee, Principal Consultant
Technical InsightsTechnical Insights
5-13-14
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Today’s Presenter
Kee has over 10 years of experience with Clean Technologies (renewable energy,
W.F. Kee, Principal Consultant
Frost & Sullivan
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bioenergy, renewable chemicals, etc.), with 6 years of research & consulting expertise,
contributing to more than 30 projects that involve various types of technology and
technical assessments. Particular expertise in technology roadmapping, technology
benchmarking and project management.
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IPCC’s Global Warming Projections
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Technical Insights’ Sustainable Energy Technology Cluster
• Provides global insights and intelligence that serves as a decision making
pointers for industry players
• Covers developments related to emerging and disruptive technologies and
solutions that address global challenges related to energy sustainability
• Scope of content includes energy generation, storage, infrastructure, and
efficiency
• Provides global insights and intelligence that serves as a decision making
pointers for industry players
• Covers developments related to emerging and disruptive technologies and
solutions that address global challenges related to energy sustainability
• Scope of content includes energy generation, storage, infrastructure, and
efficiency
DefinitionDefinition
Natural Gas
CoverageCoverage
Technologies/ platforms covered
Renewable Heating
Energy Storage
Advanced Batteries
Energy Transmission
Wind Energy
Natural Gas
Biomass Energy
Biofuels
Geothermal Energy Solar Energy
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Key Trends – Political
POLITICAL ECONOMICS SOCIAL TECHNOLOGY
Volatility in Regional Politics
Rise of Connected Living
Pursuit for Cost Effectiveness
• Energy becomes a critical political weapon
• State of the economy dictates national policies
• Shifting political sentiment can shift or reverse national RE policies
Role of Natural Gas and the Developing
World
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Key Trends – Economics
POLITICAL ECONOMICS SOCIAL TECHNOLOGY
Volatility in Political Sentiment
Role of Natural Gas and the Developing
World
Rise of Connected Living
Pursuit for Cost Effectiveness
• Availability of natural gas, particularly from hydraulic fracking, makes it an attractive option
• Changing role of the United States from energy importer to energy exporter
• Rapid growth of renewable energy in the developing world
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Key Trends – Social
POLITICAL ECONOMICS SOCIAL TECHNOLOGY
Rise of Connected Living
Pursuit for Cost Effectiveness
• Internet-of-Things (IoT) will enable smart energy management
• Increasing role of end users in making energy purchase decisions
• Energy grid security will become increasingly critical
Volatility in Political Sentiment
Role of Natural Gas and the Developing
World
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Key Trends – Technology
POLITICAL ECONOMICS SOCIAL TECHNOLOGY
Volatility in Political Sentiment
Changing Dynamics of Natural Gas
Rise of Connected Living
Pursuit for Cost Effectiveness
• Renewables face increasing pressure to decrease cost
• Increasing calls to combat climate change to drive R&D into sustainable energy
• Natural gas to become a critical transitional energy in the coming decade
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Top Technologies for Sustainable Energy in 2014
HydraulicHydraulic
FrackingFracking
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Sustainable Sustainable
EnergyEnergy
Top Technology Trends
Energy Storage
Natural Gas
• Increasing interest in hydraulic fracking, apart from North America
• Introduction of floating LNG (FLNG)
• R&D into methane hydratesINNOVATING
TO
ZERO
Big Wind Power
• Rising adoption and deployment of big wind turbines, particularly for offshore
• New turbines are in the > 5MW range
Solar Energy
Heat Pumps
• Advances in compressor technology and the rising cost of heating is encouraging adoption of heat pumps
ZERO CARBON
EMISSIONS!
• Commercial attractiveness is highest for Li-based batteries
• Introduction of distributed energy storage
• Increasing adoption of rooftop solar, driven by incentives
• Solar energy is also enabling mobility
Biomass Energy
• Incentives for renewable heating is encouraging adoption for pellet fuels
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Technology Developments in Natural GasFloating Liquefied Natural Gas (FLNG)
What Is Floating Liquefied Natural Gas?
• Is a recent development in the LNG field, where offshore floating facilities produce, liquefy, and store LNG and transport it directly to international markets
• Enable the exploitation of remote offshore resources, which were economically not viable before
Market Impact
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• FLNG offers significant time and costs savings, as extensive transfer systems can be eliminated
• Considered as one of the biggest advances in the LNG sector in the last decade
Ongoing FLNG Projects
• World’s largest FLNG facility (5.3 mtpa) is being built by Royal Dutch Shell. Known as the Prelude, it will begin operations off the coast of Western Australia in 2017
• Petronas is also building its first FLNG, a 1.2 mtpa facility, scheduled to be ready for start-up by end of 2015, and is planning for a second 1.5 mtpa FLNG facility
Technology Developments in Energy StorageLithium-Based Batteries
What are Lithium-Based Batteries?
• Next generation lithium-based batteries include advanced lithium-ion batteries, lithium sulfur batteries, and lithium-air/lithium oxygen
• Lithium-ion is currently reaching the limits of the technology, hence the intense research on alternative lithium-based chemistries
Market Impact
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• Lithium-ion remains the dominant lithium-based battery technology from low to high energy applications
• Lithium-sulfur batteries will likely be commercialized after 2015. Targeted markets include electric vehicles, energy storage and military applications
Technology Challenges
• For high energy applications, the US DOE has set a target of $250 per kilowatt-hour, which has yet to be met by any of the commercially available batteries today
• Current energy densities are insufficient to meet both volume and weight targets for vehicle applications
Timeline for Technology Development and Deployment
2015
• Launching of first FLNG facility by Petronas
2016
• Commercializationof Li-S batteries
2017
2014
• Vestas’ 8MW turbine comes online
• China to emerge as the biggest installer of solar PV
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2017
• Shell Prelude to begin operations
2018
• Energy storage costs targeted to be cut in half
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Corporate Communications
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W.F. Kee
Principal Consultant
Technical Insights
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