Gasification as a Strategic Energy and Environmental Option

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Gasification as a Strategic Energy and Environmental Option"

Transcription

1 Gasification as a Strategic Energy and Environmental Option William G. Rosenberg 79 John F. Kennedy Street Center for Business & Government Belfer Center for Science & International Affairs Kennedy School of Government, Harvard University W: M: Project Contacts: Michael R. Walker Economic & Technical Issues Phone: (70) Fax: (70) Dwight C. Alpern Legal & Regulatory Issues Phone: (0) Fax: (0) Reports available at: February 005

2 Presentation Overview. Drivers. Gasification Opportunities & Challenges 3. Deployment Incentives Gasification as a Strategic Option

3 Drivers U.S. Coal, Pet-Coke, Biomass Resources Coal Deposits Anthracite Bituminous Sub-Bituminous Lignite Petroleum Coke Production Biomass Resources 3 Gasification as a Strategic Option

4 Drivers Global Climate Change Challenge 004 U.S. CO Emissions By Fuel Source Billion metric Tons CO 40 World CO Emissions Natural Gas % Coal 36% Oil 43% 30 0 Other Developing India China Fmr USSR /E. Europe Other Industrial 0 W. Europe United States 5.8 billion metric tons CO Source: EIA, International Energy Outlook Gasification as a Strategic Option

5 Drivers New Coal Power Plant Development.5 GW 0.5 GW.5 GW 4.5 GW Alaska/Undecided GW 7.5 GW 3.7 GW.6 GW GW 6.5 GW.8 GW 0. GW 0.8 GW.5 GW 0.8 GW.6 GW 3.4 GW 0.8 GW.GW GW GW 0.5 GW GW.0 GW 0.8 GW.4 GW 0.4 GW.4 GW 0.6 GW 0.4 GW 4.7 GW 4.4 GW 3.3 GW 3.0 GW.6 GW 0. GW 00 Plants 63 GW Capacity Source: NETL, Tracking New Coal-fired Power Plants, September Gasification as a Strategic Option

6 Drivers Natural Gas Price Outlook $/mmbtu Average Delivered Fuel Prices to US Electric Generators Natural Gas Historic Projected (EIA Annual Energy Outlook 005 Reference Case) 4 3 Coal 997 Natural Gas Price Forecast (EIA Annual Energy Outlook 997 Reference Case) Gasification as a Strategic Option

7 Drivers 96% of Capacity Built Since 000 Natural Gas MW U.S. Net Summer Capacity Additions by On-Line Date 300,000 50,000 00,000 50,000 00,000 Other Renewable Oil Hydro Nuclear Natural Gas Coal 50, 's 960's 970's 980's 990's Sources: EIA, Form 860 for 003; EIA, Electric Power Monthly, November 004, Table ES3. 7 Gasification as a Strategic Option

8 Drivers TCF Demand from NGCC Fleet TCF Current % 5% 35% 45% 55% 65% 75% NGCC Fleet Average Capacity Factor 8 Gasification as a Strategic Option

9 Drivers Natural Gas Challenge TCF Actual Projected 5 Imports Domestic Consumption Domestic Production Sources: Historic data: EIA, Annual Energy Review 003, Table 6-; Projections: EIA, Annual Energy Outlook 005, Table A-4. 9 Gasification as a Strategic Option

10 Drivers U.S. Incremental Natural Gas Supply LNG Imports TCF Lower 48 off-shore production LNG Imports Alaska 5 0 Lower 48 on-shore production 5 Canada & Mexico Source EIA, Annual Energy Outlook Gasification as a Strategic Option

11 Drivers Energy Policy Implications Coal is most plentiful U.S. fossil resource Energy security, independence, and affordability Significant environmental concerns, including carbon emissions Continued & expanded coal use is a given how it is used is not Global climate change poses serious energy challenge Need to deploy technologies that can address CO U.S. technology leadership for global progress Natural gas is not panacea to solve energy/environmental problems Rapid demand growth Future supply uncertainty High prices and volatility New thinking and approaches are needed--gasification Gasification as a Strategic Option

12 Gasification Opportunities & Challenges IGCC Technology Shift & CO Capture CO Source: NETL Gasification as a Strategic Option

13 Gasification Opportunities & Challenges Gasification Offers Clean Alternative Estimated New Plant Emissions Performance.5 lb/mwh 0.5 ~80% 95%+ ~0 ~0 ~0 NOx SO PM Hg NOx SO PM Hg NOx SO PM Hg SCPC IGCC NGCC 3 Gasification as a Strategic Option

14 Gasification Opportunities & Challenges Industry Needs Gasification Option to Stay in U.S. Industrial Natural Gas Prices & Consumption $/Mcf Avg. Industrial Price ($/Mcf) Industrial Consumption (TCF) TCF Chemical industry: $50 billion in business lost to foreign competition and 90,000 jobs cut since 000 Fertilizer industry: plants, representing % of U.S. capacity closed, only 50% of remaining capacity operating, several major fertilizer producers filed for bankruptcy Gasification as a Strategic Option

15 Gasification Opportunities & Challenges Gasification Deployment Challenges Environmental Groups State Regulators Coal Companies Generating Companies We IGCC We IGCC can t Too are alone is much assume technology the worried is risk progress, all about for of is the of commercially technology but merchant the higher must future, be costs financing risk but tied ready, nothing so and to this a but must financing commitment we should are be technology a not interfere requires regulated yet for able carbon with strong asset to provide current capture credit risks remember plans full and orwarranties backup storage build We want to be the 5 nuclear protections more power? PC th company to deploy IGCC Technology Vendors Bankers Generating Environmental Technology State Coal Regulators Bankers Companies Vendors Groups 5 Gasification as a Strategic Option

16 Deployment Incentives National Gasification Strategy.5 TCF/yr equivalent comparable to Alaska Gas Pipeline Domestic coal & gas resources Electric power & industrial gasification Federal loan guarantees Lower cost of capital Lower energy costs Low federal budget scoring Carbon capture and storage demonstration projects 6 Gasification as a Strategic Option

17 Deployment Incentives Gasification Domestic Supply Option TCF Lower 48 off-shore production LNG Imports Gasification Alaska 5 0 Lower 48 on-shore production 5 Canada & Mexico Gasification as a Strategic Option

18 Deployment Incentives Lower Cost of Capital Lower interest rate 5.5% vs. 6.5% Higher leverage Traditional Utility Financing Debt (6.5%) Equity (8.6%).9% 80% vs. 55% debt Lower cost of capital 80% Loan Guarantee Financing Lower cost of energy Debt (5.5%) Equity (8.6%) 8.% 8 Gasification as a Strategic Option

19 Deployment Incentives New Plant Cost of Energy Comparison cent/kwh Traditional Utility Finance % Loan Guarantee O&M Fuel Capital IGCC SCPC NGCC* IGCC 9 * $6.0/mmBtu natural gas, 50% capacity factor. Gasification as a Strategic Option

20 Deployment Incentives Lower Fuel & Electricity Prices $/mmbtu fuel cost Cent/kWh electricity cost EIA Projected 005 Delivered Natural Gas Price Est. Manufactured Gas Cost with Federal Loan Guarantees NGCC Electricity Cost at EIA Natural Gas Price IGCC Electricity Cost with Federal Loan Guarantees 0 Gasification as a Strategic Option

21 Deployment Incentives Federal Budget Cost $ billions 35 NPV federal budget cost of equivalent incentives to support gasification equal to.5 TCF Year 80% Loan Guarantees Grants or Investment Tax Credits 30-year Production Tax Credits Gasification as a Strategic Option

22 Deployment Incentives Deployment Challenges Met Access to capital 80% federal loan guarantee High capital costs 38% lower cost of capital Higher energy/fuel costs 0-5% cost reduction Operating uncertainty Funded reserves Federal budget impact Credit enhancements Climate concerns Commercial CCS demonstration Gasification as a Strategic Option

23 Deployment Incentives Washington Politics Senate Energy Committee (Domenici) Administration Environmental Groups Industrial Gas Users Electric Industry Coal Industry State Governors 3 Gasification as a Strategic Option

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet

More information

USA. Leader/Contributors: Jay Martin, Alpha Natural Resources (USA) Deck Slone, Arch Coal (USA)

USA. Leader/Contributors: Jay Martin, Alpha Natural Resources (USA) Deck Slone, Arch Coal (USA) USA Leader/Contributors: Jay Martin, Alpha Natural Resources (USA) Deck Slone, Arch Coal (USA) The primary energy consumption of the country accounted for 3,287 Mtce in 214. The major part of the energy

More information

Federal Incentives Provided by EPAct 2005 for Advanced Coal Technology

Federal Incentives Provided by EPAct 2005 for Advanced Coal Technology Federal Incentives Provided by EPAct 2005 for Advanced Coal Technology Presentation to Advanced Coal Technology Work Group David Berg DOE Office of Policy and International Affairs 1 EPAct 2005: Toolkit

More information

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives SaskPower CCS Global Consortium Bringing Boundary Dam to the World Mike Monea, President Carbon Capture and Storage Initiatives 1 Purpose of Today A. CCS around the world B. What SaskPower is doing C.

More information

3.0. IGCC DEPLOYMENT. Financing IGCC 3Party Covenant 48

3.0. IGCC DEPLOYMENT. Financing IGCC 3Party Covenant 48 .0. IGCC DEPLOYMENT With 004 natural gas prices at levels two to three times above historic averages, the focus of many power plant developers has shifted to coal technologies, which is stimulating interest

More information

Natural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing

Natural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing Natural Gas / Electricity and the Industrial Sector The Dismantling of US Manufacturing Paul Cicio President Industrial Energy Consumers of America August, 2007 Who Are Energy Price Sensitive Industries?

More information

CO 2 Regulation and Electricity Pricing

CO 2 Regulation and Electricity Pricing CO 2 Regulation and Electricity Pricing Stefan Reichelstein Graduate School of Business Stanford University September 2011 Introduction CO 2 Regulations Existing and proposed regulations of CO 2 emissions

More information

Electric Power Annual 2014

Electric Power Annual 2014 Electric Power Annual 2014 February 2016 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration

More information

Pet Coke Consulting, LLC. Phil Fisher Argus Conference, Houston September 19-21, 2012

Pet Coke Consulting, LLC. Phil Fisher Argus Conference, Houston September 19-21, 2012 Pet Coke Consulting, LLC Phil Fisher Argus Conference, Houston September 19-21, 2012 Will Pet Coke continue to be made over next 25 years? To answer, we need to know: What drives pet coke production? How

More information

CONTENTS. Promising storage capacity estimates. Expansion of coal in the next 30 years. The economic potential of CCS in Vietnam.

CONTENTS. Promising storage capacity estimates. Expansion of coal in the next 30 years. The economic potential of CCS in Vietnam. CCS DEPLOYMENT POTENTIAL IN VIETNAM S POWER SECTOR Presented by: Nhan T. Nguyen With contribution from Minh Ha-Duong and Anh T.H. Nguyen Centre International de Recherche sur l Environnement et le Développement

More information

Energy Prices, Climate Change Policy and U.S. Economic Growth

Energy Prices, Climate Change Policy and U.S. Economic Growth Energy Prices, Climate Change Policy and U.S. Economic Growth Prepared for: Southern Growth Policies Board Annual Conference Biloxi, Mississippi June 8, 2009 By: Dr. Margo Thorning, Ph.D. Senior Vice President

More information

Electric Power Annual 2013

Electric Power Annual 2013 Electric Power Annual 2013 March 2015 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration

More information

Security of electricity supply

Security of electricity supply Security of electricity supply Definitions, roles & responsibilities and experiences within the EU Thomas Barth Chairman of Energy Policy & Generation Committee EURELECTRIC Outline Security of Supply a

More information

Accelerating Commercial Deployment of CCS: Developing Incentives to Expand Anthropogenic CO2 Supply for Enhanced Oil Recovery Commercial

Accelerating Commercial Deployment of CCS: Developing Incentives to Expand Anthropogenic CO2 Supply for Enhanced Oil Recovery Commercial Accelerating Commercial Deployment of CCS: Developing Incentives to Expand Anthropogenic CO2 Supply for Enhanced Oil Recovery Commercial Brad Crabtree Great Plains Institute From a Bridge to a Destination:

More information

The Effect of EPA s Proposed NSPS on. Carbon Capture and Storage Technology

The Effect of EPA s Proposed NSPS on. Carbon Capture and Storage Technology The Effect of EPA s Proposed NSPS on Carbon Capture and Storage Technology Executive Summary Carbon capture and storage (CCS) is expected to require two generations of technology development to be commercially

More information

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency World Energy Outlook 27: China and India Insights www.worldenergyoutlook.org International Energy Agency Why Focus on China & India? Increase in World Primary Energy Demand, Imports & Energy-Related CO

More information

UNECE Energy Week Geneva. in Energy Security

UNECE Energy Week Geneva. in Energy Security UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector

More information

NATURAL GAS - WHY SO LITTLE RECOGNITION?

NATURAL GAS - WHY SO LITTLE RECOGNITION? NATURAL GAS - WHY SO LITTLE RECOGNITION? Steve Davies Policy Adviser Australian Pipeline Industry Association Overview Natural Gas in Australia Real energy contribution Natural gas can help in many ways

More information

EPA Clean Power Plan and Impact on Texas and the Country. Scott D. Deatherage 214-999-4979 sdeatherage@gardere.com

EPA Clean Power Plan and Impact on Texas and the Country. Scott D. Deatherage 214-999-4979 sdeatherage@gardere.com EPA Clean Power Plan and Impact on Texas and the Country Scott D. Deatherage 214-999-4979 sdeatherage@gardere.com United Nations 21 st Conference of the Parties United Nations Meeting on Climate Change

More information

Energy Megatrends 2020

Energy Megatrends 2020 Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source

More information

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by Transforming America s Energy Future Kentucky Energy Statistics Developed by 2 2 Summary The first edition of Kentucky Energy Statistics is offered by the National Association for State Energy Officials

More information

A Guide to Competition and Regulatory Policy During Interesting Times

A Guide to Competition and Regulatory Policy During Interesting Times Appendix Figures for the White Paper: Allocating Investment Risk in Today s Uncertain Electric Industry: A Guide to Competition and Regulatory Policy During Interesting Times Susan Tierney Analysis Group

More information

EPA s Clean Power Plan

EPA s Clean Power Plan EPA s Clean Power Plan Basics and Implications of the Proposed CO 2 Emissions Standard on Existing Fossil Units under CAA Section 111(d) PRESENTED TO Goldman Sachs Power, Utilities, MLP and Pipeline Conference

More information

Outlook for Renewable Energy from an Asian Perspective

Outlook for Renewable Energy from an Asian Perspective Outlook for Renewable Energy from an Asian Perspective Douglas-Westwood Singapore Jason Waldie, Assoc Director Asia Clean Energy Forum 216 ADB, Manila, 9 June 216 Renewable Energy: Global 16, 14, 12, Global

More information

GENERATION TECHNOLOGY ASSESSMENT

GENERATION TECHNOLOGY ASSESSMENT SPO PLANNING ANALYSIS GENERATION TECHNOLOGY ASSESSMENT Technology Cost & Performance Milestone 2 Public Technical Conference OCTOBER 30, 2014 NOTE: ALL IRP MATERIALS ARE PRELIMINARY & SUBJECT TO CHANGE

More information

Electricity Sources. Coal Fleet

Electricity Sources. Coal Fleet This paper is called Coal Facts because it provides factual information and data related to coal-based electricity. Most of the data are taken from independent third party sources, such as the Energy Information

More information

Texas Natural Gas: Fuel for Growth. Michael J. Economides, PhD Professor, University of Houston and Philip E. Lewis, P.E.

Texas Natural Gas: Fuel for Growth. Michael J. Economides, PhD Professor, University of Houston and Philip E. Lewis, P.E. Texas Natural Gas: Fuel for Growth Michael J. Economides, PhD Professor, University of Houston and Philip E. Lewis, P.E. Consultant March 26, 2012 Texas Natural Gas: Fuel for Growth March 2012 Table of

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

Role of Natural Gas in a Sustainable Energy Future

Role of Natural Gas in a Sustainable Energy Future Role of Natural Gas in a Sustainable Energy Future Alexander Medvedev, Deputy Chairman of Gazprom Management Committee, Director General of Gazprom Export 2 nd Ministerial Gas Forum Doha, 30 November 2010

More information

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable

More information

Asian Business Dialogue on Corporate Governance The Energy Sector in ASEAN: Opportunities and Challenges. Khun Surong Bulakul 1ACE-LIC

Asian Business Dialogue on Corporate Governance The Energy Sector in ASEAN: Opportunities and Challenges. Khun Surong Bulakul 1ACE-LIC Asian Business Dialogue on Corporate Governance 2012 The Energy Sector in ASEAN: Opportunities and Challenges Khun Surong Bulakul 1ACE-LIC Outline ASEAN Energy Overview ASEAN Energy Consumption Efficiency

More information

Foratom event 29 April 2015

Foratom event 29 April 2015 Foratom event 29 April 2015 New nuclear in the UK and Electricity Market Reform Colin Parker Head of European Liaison - EDF Energy 1 April 2015 EDF Energy plc. All rights reserved. EDF Energy A UK energy

More information

energy [r]evolution A Sustainable World Energy Outlook

energy [r]evolution A Sustainable World Energy Outlook energy [r]evolution A Sustainable World Energy Outlook Wolfram Krewitt 1th Annual Renewable Energy and Energy Efficiency Expo June 14, 27 Washington Folie 1 > Vortrag > Autor It is not important to predict

More information

China s CO2 Emission Scenario Toward 2 degree global target. Jiang Kejun. Energy Research Institute, China

China s CO2 Emission Scenario Toward 2 degree global target. Jiang Kejun. Energy Research Institute, China China s CO2 Emission Scenario Toward 2 degree global target Jiang Kejun Energy Research Institute, China PUBLIC CONFERENCE Victoria University, Thursday 26 June, 214 1 ERI, China Framework of Integrated

More information

Power Plant Economics Carl Bozzuto

Power Plant Economics Carl Bozzuto Power Plant Economics Carl Bozzuto ALSTOM 2006. We reserve all rights in this document and in the information contained therein. Reproduction, use or disclosure to third parties without express authority

More information

Siemens Power Generation Innovationstrends bei Anlagen und Komponenten in der Energieerzeugung

Siemens Power Generation Innovationstrends bei Anlagen und Komponenten in der Energieerzeugung Siemens Power Generation 2006. All Rights Reserved Siemens Power Generation Innovationstrends bei Anlagen und Komponenten in der Energieerzeugung Nicolas Vortmeyer CTO, Siemens Power Generation Key Drivers

More information

Natural Gas and Electricity Coordination Experiences and Challenges

Natural Gas and Electricity Coordination Experiences and Challenges 1 Natural Gas and Electricity Coordination Experiences and Challenges Challenges Facing the New England Power System Gordon van Welie, President and CEO, ISO New England 2015 IEEE Power & Energy Society

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

The Future of Gasification

The Future of Gasification S T RATE G I C A NALY S IS The Future of Gasification By DeLome Fair President and Chief Executive Officer, Synthesis Energy Systems, Inc. G asification technology has experienced periods of both high

More information

Issue. September 2012

Issue. September 2012 September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy

More information

Session: For more information:

Session: For more information: Session: For more information: www.hydropower.org/congress World Energy Scenarios The Role of Hydropower in Composing Energy Futures to 2050 Presentation at the World Hydropower Congress Session 2050 GW

More information

Laszlo Varro Head of Gas Coal and Power Markets International Energy Agency

Laszlo Varro Head of Gas Coal and Power Markets International Energy Agency Laszlo Varro Head of Gas Coal and Power Markets International Energy Agency Bcm Global gas demand increases amid growing uncertainties 160 140 120 100 80 60 40 20 0 Incremental gas demand by region, 2014-2020

More information

SASKPOWER CCS BUSINESS EXECUTIVE STRATEGIC CASE ASSESSMENT PLANNING SESSION

SASKPOWER CCS BUSINESS EXECUTIVE STRATEGIC CASE ASSESSMENT PLANNING SESSION Carbon Capture and Storage Initiatives SASKPOWER CCS BUSINESS EXECUTIVE STRATEGIC CASE ASSESSMENT PLANNING SESSION Doug Daverne Director, CCS Initiatives, SaskPower @SaskPowerCCS SASKPOWER CCS COST UPDATE

More information

China s growing energy demand: some international implications

China s growing energy demand: some international implications China s growing energy demand: some international implications Dr David Robinson Senior Research Fellow OIES 17 October 2013 NOG Stockholm 1 Outline Introduction China s energy demand v. policy objectives

More information

SUSTAINABLE ENERGY BLUEPRINT

SUSTAINABLE ENERGY BLUEPRINT SUSTAINABLE ENERGY BLUEPRINT A PLAUSIBLE STRATEGY FOR ACHIEVING A NO-NUCLEAR, LOW- CARBON, HIGHLY-EFFICIENT AND SUSTAINABLE ENERGY FUTURE The following statement outlines an ambitious but doable strategy

More information

Electric Power Monthly with Data for October 2015

Electric Power Monthly with Data for October 2015 Electric Power Monthly with Data for October 2015 December 2015 This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Sixth Annual Conference on Carbon Capture & Sequestration

Sixth Annual Conference on Carbon Capture & Sequestration Sixth Annual Conference on Carbon Capture & Sequestration Expediting Deployment of Industrial Scale Systems Geologic Storage - EOR An Opportunity for Enhanced Oil Recovery in Texas Using CO 2 from IGCC

More information

TXU Transformation. February 26, 2007

TXU Transformation. February 26, 2007 TXU Transformation February 26, 2007 Safe Harbor Statement This presentation contains forward-looking statements, which are subject to various risks and uncertainties. Discussion of risks and uncertainties

More information

Natural Gas and the U.S. Fertilizer Industry

Natural Gas and the U.S. Fertilizer Industry Natural Gas and the U.S. Fertilizer Industry Harry Vroomen Vice President, Economic Services The Fertilizer Institute July 15, 2010 www.tfi.org Outline of Presentation Brief Intro on Fertilizer Focus on

More information

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007 Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses July 2007 Introduction California and other western states are actively pursuing a variety of

More information

2014 BP Madrid forum on energy & sustainability BP 2014

2014 BP Madrid forum on energy & sustainability BP 2014 14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the

More information

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009 World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound

More information

Energy Productivity & Pricing

Energy Productivity & Pricing Energy Productivity & Pricing Markets for energy, renewable energy and carbon Dr Jenny Riesz February 2014 2 Average electricity retail prices Electricity price rises CSIRO Future Grid (2013) Change and

More information

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that

More information

What Coal Technologies Can Do to Reduce Global CO2 Emission

What Coal Technologies Can Do to Reduce Global CO2 Emission What Coal Technologies Can Do to Reduce Global CO2 Emission December 17, 2014 Hiro Hatada Chief Representative, Washington, DC Office NEDO (New Energy and Industrial Technology Development Organization)

More information

Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources. Total System Levelized Cost Based on EIA LCOE

Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources. Total System Levelized Cost Based on EIA LCOE Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources Every year the Energy Information Administration (EIA) publishes its Annual Energy Outlook (AEO). In the

More information

Indiana Energy Conference

Indiana Energy Conference Indiana Energy Conference The Big Energy Shake-Up: Adapting to Change October 15, 2015 JW Marriott Indianapolis IN CONSUMER PERSPECTIVE: IMPACT ON ELECTRICITY COSTS FOR AMERICAN BUSINESS John P. Hughes

More information

Geothermal Energy in Energy Planning

Geothermal Energy in Energy Planning Geothermal Energy in Energy Planning John Ziagos and Gene Berry Atmospheric, Earth, and Energy Department Energy and Environment Directorate Lawrence Livermore National Laboratory Geothermal Energy Generation

More information

Annual Energy Outlook 2015

Annual Energy Outlook 2015 For Columbia University New York, NY By Adam Sieminski U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Key results from (AEO215)

More information

Natural Gas and LNG Business Today and Tomorrow

Natural Gas and LNG Business Today and Tomorrow Natural Gas and LNG Business Today and Tomorrow September 7, 2011 Mitsubishi Corporation Energy Business Group Junichi Iseda Senior Vice President, Division COO Natural Gas Business Division B Part 1:

More information

Energy [R]evolution vs. IEA World Energy Outlook scenario

Energy [R]evolution vs. IEA World Energy Outlook scenario Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into

More information

A macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind

A macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind A macro-economic viewpoint What is the real cost of offshore wind? siemens.com / wind in the cost debate A broader view of the value of renewables. Globally, installed power generation capacity currently

More information

Energy and Consumer Impacts of EPA s Clean Power Plan. Prepared for the American Coalition for Clean Coal Electricity

Energy and Consumer Impacts of EPA s Clean Power Plan. Prepared for the American Coalition for Clean Coal Electricity Energy and Consumer Impacts of EPA s Clean Power Plan Prepared for the American Coalition for Clean Coal Electricity Contents Executive Summary Overview of the Clean Power Plan NERA Methodology Baseline

More information

Groupwork CCS. Bio-Energy with CCS (BECCS) Platzhalter Logo/Schriftzug (Anpassung im Folienmaster: Menü «Ansicht» «Folienmaster»)

Groupwork CCS. Bio-Energy with CCS (BECCS) Platzhalter Logo/Schriftzug (Anpassung im Folienmaster: Menü «Ansicht» «Folienmaster») Groupwork CCS Bio-Energy with CCS (BECCS) group 5 02.05.2015 1 Content What is BECCS? Stakeholder Analysis Resources on Global scale SWOT analysis Climate BECCS Technology Conclusions Outlook group 5 02.05.2015

More information

Praxair, Inc. Ray Roberge Sr. VP and Chief Technology Officer

Praxair, Inc. Ray Roberge Sr. VP and Chief Technology Officer Praxair, Inc. Ray Roberge Sr. VP and Chief Technology Officer Oxygen Opportunities From Increasing Use of Coal Jefferies Investor Seminar November 11, 2009 Making our planet more productive SM www.praxair.com

More information

Potential Energy Impacts of the EPA Proposed Clean Power Plan

Potential Energy Impacts of the EPA Proposed Clean Power Plan Potential Energy Impacts of the EPA Proposed Clean Power Plan Prepared for: American Coalition for Clean Coal Electricity American Fuel & Petrochemical Manufacturers Association of American Railroads American

More information

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Mike Jackson, Sarah Joy, Thomas C. Heller, and David G. Victor Working Paper

More information

H1 2014 LEVELISED COST OF ELECTRICITY - PV

H1 2014 LEVELISED COST OF ELECTRICITY - PV H1 2014 LEVELISED COST OF ELECTRICITY - PV JENNY CHASE 4 FEBRUARY 2014 LCOE OF PV, FEBRUARY 2014 1 PV EXPERIENCE CURVE, 1976-2013 (2013 $/W) 100 Cost per W (2013 $) 1976 10 1985 2003 2006 1 2012 2013 Q3

More information

The Natural Gas Gamble

The Natural Gas Gamble The Natural Gas Gamble A Risky Bet on America s Clean Energy Future www.ucsusa.org/naturalgasgamble Technical Appendix: Scenario Descriptions and Modeling Approach March 2015 All rights reserved In The

More information

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES Juan Alario Associate Director Head of Division, Energy Efficiency and Renewables European Investment Bank (EIB) III International Conference on Energy Innovation

More information

WHEN AN EFFECTIVE EU ENERGY POLICY?

WHEN AN EFFECTIVE EU ENERGY POLICY? WHEN AN EFFECTIVE EU ENERGY POLICY? A. Clerici ABB Italy Honorary Chairman of WEC Italy Chairman of WEC WG The future role of nuclear in Europe 1 INDEX 1. General Comments 2. Vulnerability 3. Transmission

More information

The Role of Natural Gas in Texas and America CEA Meeting August 24 th, 2010

The Role of Natural Gas in Texas and America CEA Meeting August 24 th, 2010 The Role of Natural Gas in Texas and America CEA Meeting August 24 th, 2010 About ANGA Our Mission America's Natural Gas Alliance exists to promote the economic, environmental and national security benefits

More information

Norwegian position on the proposed EU framework for climate and energy policies towards 2030

Norwegian position on the proposed EU framework for climate and energy policies towards 2030 Norwegian position on the proposed EU framework for climate and energy policies towards 2030 The EU plays an important role as a global leader in climate policy and has a fundamental interest in strengthening

More information

Levelized Cost of New Electricity Generating Technologies

Levelized Cost of New Electricity Generating Technologies Levelized Cost of New Electricity Generating Technologies The Energy Information Administration (EIA) produces forecasts of energy supply and demand for the next 20 years using the National Energy Modeling

More information

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency RENEWABLE ENERGY INDUSTRIAL ENERGY EFFICIENCY BUILDING ENERGY EFFICIENCY Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency A RANGE OF FINANCIAL SUPPORT

More information

February 3, 2015. SUBJECT: Proposed Standard Scenario Results Comparison Metrics

February 3, 2015. SUBJECT: Proposed Standard Scenario Results Comparison Metrics Phil Rockefeller Chair Washington Tom Karier Washington Henry Lorenzen Oregon Bill Bradbury Oregon W. Bill Booth Vice Chair Idaho James Yost Idaho Pat Smith Montana Jennifer Anders Montana February 3,

More information

2015 JET FUEL PRICE FORECAST

2015 JET FUEL PRICE FORECAST 2015 JET FUEL PRICE FORECAST Airlines The prospects for airlines are dependant on economic recovery. There is little to indicate an early end to the downturn. It will be a grim 2009. And while prospects

More information

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October The context Southeast Asia is a key pillar of Asia s growth A mix of countries with disparate

More information

Energy Perspectives 2015 Long-term macro and market outlook. Press seminar, Oslo, 4 June 2015 Eirik Wærness, Chief economist

Energy Perspectives 2015 Long-term macro and market outlook. Press seminar, Oslo, 4 June 2015 Eirik Wærness, Chief economist Energy Perspectives 215 Long-term macro and market outlook Press seminar, Oslo, June 215 Eirik Wærness, Chief economist 2 Energy Perspectives 215 Macro and market outlook to 2 www.statoil.com/energyperspectives

More information

Clean Power Plan Clean Air Act 111(d) and 111(b) Rule. A Quick Comparison of What Changed

Clean Power Plan Clean Air Act 111(d) and 111(b) Rule. A Quick Comparison of What Changed Clean Power Plan Clean Air Act 111(d) and 111(b) Rule A Quick Comparison of What Changed Anda Ray Environment, VP and Chief Sustainability Officer August 4, 2015 San Francisco, CA Clean Air Act (CAA) Final

More information

Power Generation. Lilian Macleod Power Supply Manager National Grid

Power Generation. Lilian Macleod Power Supply Manager National Grid Power Generation Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same size and in a straight line. This text box and image can

More information

Analysis of a 30 Percent by 2030 National Renewable Electricity Standard

Analysis of a 30 Percent by 2030 National Renewable Electricity Standard Analysis of a 30 Percent by 2030 National Renewable Electricity Standard Alison Bailie, Steve Clemmer, and Jeff Deyette May 12, 2015 Photo: istock 2015 Union of Concerned Scientists www.ucsusa.org/30by2030nationalres.pdf

More information

WORLD ENERGY INVESTMENT OUTLOOK 2014 FACTSHEET OVERVIEW

WORLD ENERGY INVESTMENT OUTLOOK 2014 FACTSHEET OVERVIEW OVERVIEW More than $1.6 trillion was invested in 2013 in energy supply, a figure that has more than doubled in real terms since 2000, and a further $130 billion to improve energy efficiency. Renewables

More information

Effect of Increased Natural Gas Exports on Domestic Energy Markets

Effect of Increased Natural Gas Exports on Domestic Energy Markets Effect of Increased Natural Gas Exports on Domestic Energy Markets as requested by the Office of Fossil Energy January 2012 This report was prepared by the U.S. Energy Information Administration (EIA),

More information

Natural Gas Pipeline and Storage Infrastructure Projections Through 2030

Natural Gas Pipeline and Storage Infrastructure Projections Through 2030 Natural Gas Pipeline and Storage Infrastructure Projections Through 2030 October 20, 2009 Submitted to: The INGAA Foundation, Inc. 10 G Street NE Suite 700 Washington, DC 20002 Submitted by: ICF International

More information

Electricity Rates Forecasting:

Electricity Rates Forecasting: Electricity Rates Forecasting: Muskrat Falls Will Options: Stabilize Rates for Consumers Legal S92A, Good Faith and Regulatory Proceedings in Quebec Department of Natural Resources October 2012 Department

More information

Energy Importance. Emmy Riley - Building Energy Specialist

Energy Importance. Emmy Riley - Building Energy Specialist Energy Importance Emmy Riley - Building Energy Specialist Smart Energy Design Assistance Center (SEDAC), University of Illinois at Urbana Champaign Providing effective strategies for public and private

More information

THE FUTURE OF NUCLEAR POWER IN THE UNITED STAES. Richard A. Meserve Carnegie Institution 1530 P St., NW Washington, DC 20004 202-387-6404

THE FUTURE OF NUCLEAR POWER IN THE UNITED STAES. Richard A. Meserve Carnegie Institution 1530 P St., NW Washington, DC 20004 202-387-6404 THE FUTURE OF NUCLEAR POWER IN THE UNITED STAES Richard A. Meserve Carnegie Institution 1530 P St., NW Washington, DC 20004 202-387-6404 Outline Factors affecting domestic interest in nuclear power Challenges

More information

Sri Lanka s Power Generation Renewable Energy Prospective

Sri Lanka s Power Generation Renewable Energy Prospective CEYLON ELECTRICITY BOARD Sri Lanka s Power Generation Renewable Energy Prospective Eng. Noel Priyantha Chief Engineer (Renewable Energy) Transmission Division Ceylon Electricity Board Sri Lanka May 2016

More information

Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1

Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1 October 29, 2013 Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1 The following guidance is intended to be adapted by individual MDBs and incorporated

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities Country Operations Business Plan: Philippines, 2013 2015 SECTOR ASSESSMENT (SUMMARY): ENERGY 1. Sector Performance, Problems, and Opportunities 1. Challenges. Economic growth has been impeded in the Philippines

More information

PROMOTING RENEWABLE ENERGY THROUGH THE PRIVATE SECTOR

PROMOTING RENEWABLE ENERGY THROUGH THE PRIVATE SECTOR PROMOTING RENEWABLE ENERGY THROUGH THE PRIVATE SECTOR PATRICK WILLEMS IFC EUROPE AND CENTRAL ASIA DEPARTMENT RUSSIA RENEWABLE ENERGY PROGRAM 01 October 2015 IFC: A MEMBER OF THE WORLD BANK GROUP IBRD IDA

More information

Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study

Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study 1 Federal policy: RPS, RES, CES Program Design Element S 3813 Renewable Energy Promotion Act 2010 (Bingaman) S. 1462 American

More information

Presentation to the State of Alaska Legislature. Liquid Natural Gas (LNG) NPV Analysis and Results

Presentation to the State of Alaska Legislature. Liquid Natural Gas (LNG) NPV Analysis and Results Presentation to the State of Alaska Legislature Liquid Natural Gas (LNG) NPV Analysis and Results June 9, 2008 Key Conclusions LNG Projects Have Higher Capital Costs and Therefore Greater Risk than a Pipeline

More information

Democratic and Republican Positions on Environmental Issues. Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering

Democratic and Republican Positions on Environmental Issues. Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering Democratic and Republican Positions on Environmental Issues Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering Issue: Climate Change Democratic Position The Democratic Platform

More information

SECARB 10 th Annual Stakeholders' Briefing. Southern Company CCS R&D: Plant Barry CCS Demo. Dr. Richard A. Esposito Southern Company.

SECARB 10 th Annual Stakeholders' Briefing. Southern Company CCS R&D: Plant Barry CCS Demo. Dr. Richard A. Esposito Southern Company. SECARB 10 th Annual Stakeholders' Briefing Southern Company CCS R&D: Plant Barry CCS Demo Dr. Richard A. Esposito Southern Company March 12, 2015 Introduction to Southern Company Regulated Utility Franchises

More information

Wind Energy in Texas: Developments & Trends

Wind Energy in Texas: Developments & Trends Wind Energy in Texas: Developments & Trends German American Chamber of Commerce of the Southern United States, Inc. Silke Miehlke Director, Consulting Services 2011, Hannover Messe Agenda Market Overview

More information

The Future of Energy and Energy Investing

The Future of Energy and Energy Investing The Future of Energy and Energy Investing The Energy Landscape 1. Economics, Supply, Demand 2. Recommendations for Creating Change IPCC Report: Warming in climate system is unequivocal. Human influence

More information

NATURAL GAS IN THE INDUSTRIAL SECTOR

NATURAL GAS IN THE INDUSTRIAL SECTOR MAY 2012 TECHNOLOGY NATURAL GAS IN THE INDUSTRIAL SECTOR Discussion Questions 1. How should we balance the use of natural gas for zero-emitting feedstock purposes against other uses? 2. Are concerns about

More information