A REPORT BY HARVARD BUSINESS REVIEW ANALYTIC SERVICES New Perspectives on the Energy Business. In association with

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "A REPORT BY HARVARD BUSINESS REVIEW ANALYTIC SERVICES New Perspectives on the Energy Business. In association with"

Transcription

1 A REPORT BY HARVARD BUSINESS REVIEW ANALYTIC SERVICES New Perspectives on the Energy Business In association with

2 SIEMENS PERSPECTIVE Energy markets throughout the world encounter enormous challenges. And while the focus might differ from country to country and from region to region, there are four central aspects everybody involved is concentrating on right now: ensuring economic efficiency, a reliable power supply, resource efficiency, and climate protection. In this context, one particular market to watch is the United States: The country accounts for roughly one-sixth of the global energy consumption and has until recently been dependent on energy imports. Now that the U.S. is exploiting its vast reserves of unconventional fuels like shale gas to increase the affordability of its energy supplies, the country is shifting from an energy-importing to an energy-exporting nation. Furthermore, investments in renewable energy sources, such as onshore wind power, are also growing, although slowly. So which opportunities arise from the current U.S. energy boom, and which challenges need to be overcome to achieve a sustainable and well-balanced energy mix? These are the questions we put to the Future Influencers a community initiated by Siemens. Back in 2011, Siemens introduced the Future Influencers community, bringing together some of the world s brightest young talents, strongly engaged in sustainability matters. Our aim was to craft a platform that allows us as a company to listen and learn more about their inspiring thoughts and smart ideas. Today, Siemens is honored to connect with the Future Influencers community frequently and to collaboratively work with its members on a variety of tasks. Our recent project on the U.S. energy boom has been the fifth time that we have joined forces. The results of our discussions and our live-meeting at CERA Week 2014 in Houston, Texas, have been the basis for this present report. We are certain it will inspire you and give you some fresh input on the challenges and opportunities that arise from the U.S. energy boom. We would like to use this opportunity to thank all members of Future Influencers who put so much effort into bringing to life and who impress us over and over again with what they think, say, and do. Furthermore, we would like to express our gratitude to Harvard Business Review and the World Resources Institute who act as our esteemed partners and mentors of the community. Sincerely yours, The Siemens Future Influencers Team Who is a Future Influencer and how can you become a member? At Siemens, we are looking for young people who stand out from the crowd movers and shakers who are interested in sustainability topics and who are eager to engage. Furthermore, we are looking for people who are brave enough to speak openly and pursue their goals. If that sounds like you, please feel free to get in touch with us via Siemens does not necessarily share the same opinions as those of the Future Influencers.

3 New Perspectives on the Energy Business Executive Summary AS THE U.S. ENERGY production picture has shifted over the past decade, business leaders say that while the immediate pressure for developing renewable energy sources may have lessened, there is still strong support for cleaner and more efficient energy production, supply, and use. In a wide-ranging discussion held alongside CERAWeek 2014 in Houston, business and policy leaders were joined by three members of the Future Influencers community, initiated by Siemens. Their conversation pulled information and insights from multiple sources, including an online survey launched by Harvard Business Review Analytic Services. Sent out to an audience made up of HBR.org readers as well as Future Influencers, the survey asked current and future leaders what they saw as the implications of the new increased supply of fossil fuels. In the U.S. the intensification of hydraulic fracturing, or fracking, and related extraction techniques like acidizing have increased the supply of gas and oil, changing the entire energy picture. Peak supply is no longer the issue; now it is peak demand. But while the economic benefits of the fossil fuel boom are undeniable, climate change and fracking s environmental impacts remain issues. Sustainability is still a strategic concern. Along with reliability and affordability, it determines where investments flow. In the private sector, sustainability ultimately has to equal profitability. The increased gas supply will displace some coal-generated electricity and open opportunities for renewable energy. Together, these factors will create a new environment for applying information technology to the energy sector, which in turn will create greater efficiency. The stable fossil fuel supply we have today can serve as a bridge to a more sustainable future by allowing a greater emphasis on efficiency and a decentralized smart grid that can adopt renewable technologies. The grid s level of responsiveness to supply, to demand, to price signals will increase by orders of magnitude as more analytics are brought to bear on it. Such a smart grid would also help with U.S. national security, in that it will be able to isolate cyber attacks, 50 percent of which are against the grid. SURVEY HIGHLIGHTS 26% believe cheap unconventional energy resources will advance global efforts to increase efficiency of energy use 44% believe the revitalization of U.S. fossil fuel supply is favorable for smart infrastructure investments 64% agree that sustainable fossil fuels is an oxymoron Because true innovation tends to arise in start-ups and labs rather than in large organizations, global companies need to be networked in to start-ups and universities. Utilities face a greater challenge, as they tend to be conservative by nature plus encounter regulatory Copyright 2014 Harvard Business School Publishing. All rights reserved. NEW PERSPECTIVES ON THE ENERGY BUSINESS 1

4 The grid is an incredible machine whose level of responsiveness to supply, to demand, to price signals will increase by orders of magnitude as more analytics are brought to bear on it. Daniel Recht, Future Influencer restrictions. Nevertheless, utilities can benefit from the fast pace of innovation, although policy is a barrier. Privacy issues, regulatory pressures, states rights, and local restrictions on fracking all limit the utilities in some way. Yet because they are so well connected with both users and regulators, utilities are in a strong position to help move us to a more sustainable future and should be actively engaging the government on policy. Typically innovations do not move over to the developing world until they have been deployed and refined in the developed world, but when they do they often leapfrog older technologies. Some see unconventional extraction techniques used in the U.S. spreading to other countries, but the majority of business leaders do not. China, for instance, has some shale gas but it is difficult to access. What happens in that country will be instructive, as it must sustain a 7 to 8 percent growth rate just to maintain political stability. Although China produces as much nuclear power as France, it relies largely on coal, with negative environmental impacts, particularly on air quality. Two possible paths lie ahead: either the new increased supply will lock us into a climate-damaging energy future or businesses and government will use this period of stable supply as a bridge that opens up new opportunities for a sustainable energy future for instance, by focusing on renewable technologies. Those are the technologies that are sought by today s consumers, who want to feel that they are participating in sustainable solutions. The following report takes a deeper look at the survey results and the discussion in Houston. We hope this will inspire you and your business to envision a sustainable energy future and help take us there. 2 A HARVARD BUSINESS REVIEW ANALYTIC SERVICES REPORT

5 FULL REPORT The landscape of U.S. production has changed dramatically in the past few years. Innovations in extraction have increased fossil fuel supply. Technological advances have made generating and storing power more efficient. What do we make of the shifting energy mix? What opportunities lie ahead and what challenges must we overcome? These were among the questions posed in a recent survey of more than 550 executives about the future of energy, from Harvard Business Review Analytic Services, and in an interactive webinar from Harvard Business Review. The web event, titled New Perspectives on the Energy Business: The Challenges and Opportunities from America s Changing Role, was sponsored by Siemens and took place in Houston during CERAWeek 2014, one of the world s largest gatherings of energy executives and policy makers. Led by Angelia Herrin, editor for special projects and research at Harvard Business Review, the session featured a diverse set of panelists, among them Greg Unruh, the Arison Endowed Professor of Values Leadership at George Mason University; Jane Bomba, senior vice president and chief sustainability officer at IHS; and Randy Zwirn, CEO of Siemens Energy Service Division. Also on the panel were three members of the Future Influencers, an online global think tank sponsored by Siemens: Julian Marwitz, who is CEO of Arineos, a contractor for supplying energy-efficient solutions for green buildings; Daniel Recht, leader of internal sustainability at the Think Tank at OCI; and Brian Sergi, a fellow in the Science and Technology Policy Institute in Washington, D.C. In the survey, business leaders said that the intensification of hydraulic fracturing, or fracking, and related extraction techniques like acidizing have increased the supply of gas and oil in the U.S. The greater supply of such unconventionally sourced fossil fuels is driving the prices for those commodities down, survey respondents said, while reinforcing the existing energy infrastructure and discouraging investment in Figure 1 Global Implications of Resurgent U.S. Fossil Fuels Which of the following are the most significant global implications of a resurgent U.S. fossil fuel sector on renewable energy development worldwide? [SELECT UP TO THREE] 41% Increased oil and gas supply will drive down prices, making renewable energy investments in the U.S. uneconomic. 41% Increased supply will lower energy costs and decrease U.S. investment in energy efficiency technology. 38% Increased U.S. gas production will substitute for coal-generated electricity and open opportunities for renewable energy as a substitute. 34% Lower prices will lead to increased CO2 emissions, increasing the pressure on governments to enact climate change policy. 33% Increased U.S. production will drive down global energy costs, discouraging renewable energy investments worldwide. NEW PERSPECTIVES ON THE ENERGY BUSINESS 3

6 Figure 2 Impact of Revitalization on Infrastructures What does the revitalization of the fossil fuel supply in the U.S. mean for infrastructures like the national energy grid? YES NO DON T KNOW 55% 53% 44% 35% 21% 24% 24% 23% 21% WILL IT REINFORCE TRADITIONAL INFRASTRUCTURES? IS IT FAVORABLE FOR APPLICATIONS OF INFORMATION TECHNOLOGY TO THE ENERGY SECTOR? IS IT FAVORABLE FOR INVESTMENTS IN SMART INFRASTRUCTURE? renewable energy and energy-efficient technologies. However, respondents said there is still strong support for cleaner and more efficient energy production, supply, and use. Respondents said the increased gas supply will displace some coal-generated electricity and open opportunities for renewable energy. figure 1 Together, these factors will create a new environment for applying information technology to the energy sector, which in turn will create greater efficiency. figure 2 The Impact of Greater Supply The webinar panelists who gathered in Houston agreed that the increased supply of gas and oil was changing the whole energy picture. We used to have a pretty good sense of the energy future, said Unruh. But with the technological innovations we ve seen, we are experiencing here in North America a renaissance of fossil fuel energy. We re no longer talking about peak supply; we re talking now about peak demand, the prospect that there won t be enough demand for all this new energy on the market. This shift has thrown people because it s all happened very quickly. And now everyone s trying to figure out what it all means for business investment, for policy, for geopolitics. However, panelists said, climate change is still a challenge, as is the need to ensure a clean water supply worldwide. Climate change had very much been at the forefront of CERAWeek discussions, Bomba said. This is my tenth year here and the conversation has changed dramatically over those past ten years, she said. Even five years ago climate change was not that big a topic of discussion. But I don t think I ve heard a single speaker who hasn t been raising that issue and talking about it in the context of how they re thinking about running their companies and making investments, and the trade-offs that need to be made. 4 A HARVARD BUSINESS REVIEW ANALYTIC SERVICES REPORT

7 Utilities should be actively engaging the government to line up policy. The smart group committee of the U.S. government has issued several requests for information and held a number of stakeholder meetings, to hear what the utilities have to say on smart grids. Brian Sergi, Future Influencer Sustainability, Zwirn said, is one of three factors he weighs when deciding where to invest Siemens resources in addition to affordability and reliability. These three factors pull at each other. In different regions they pull with a different intensity. But in almost every place around the world we do business, these three factors are what drive decisions about generation sources and investment, he said. Unruh sees two potential paths ahead: The new increased supply will lock us into a climate-damaging energy future, he said. Or businesses and government will use this period of stable supply as a bridge that opens up new opportunities for a sustainable energy future. For instance, there should be a new focus on efficiency, he said, and a push for a more decentralized smart grid that can adopt renewable technologies. Those are the technologies that are sought by today s consumers, who want to feel that they are participating in sustainable solutions, Marwitz said. But the smart grid is also becoming a key part of national security. Five or six years ago, we talked about the smart grid primarily in terms of consumer choice and time-of-day pricing. But now the vision is for a self-healing grid that can isolate cyber attacks without human intervention: the U.S. Energy Department estimates that as many as 50 percent of cyber attacks against the U.S. have involved the grid. That reliability, Zwirn said, is going to be a big driver of investment. Toward a Smart Grid The concept of a smart grid that is, a grid enabled by sophisticated informatics to be ultra efficient, reliable, and responsive formed the centerpiece of the Future Influencers community s latest discussions. Once or twice a year, the Future Influencers are invited to submit ideas to the Future Influencer s platform about attaining a sustainable future. Those ideas are then voted on by the whole Future Influencers community. Recht s proposal, Saying Goodbye to Baseload, won the latest contest. see page 10 The grid, Recht said, is an incredible machine whose level of responsiveness to supply, to demand, to price signals will increase by orders of magnitude as more analytics are brought to bear on it. And as old coal-fired and nuclear plants are closed and more flexible natural gas-fired plants opened, what you see happening is that a lot of very steady sources, steady loads, are being replaced by dynamic sources, dynamic loads with distributed renewables, said Recht. And that s being paired with real breakthroughs in the Internet of things where you can start talking about large-scale automated demand response being possible. A small but telling example of where the technology can take us, Recht said, is what a company called VCharge has done with home heaters with thermal storage. They put a little computer brain in those heaters. They re all solid-state with heating elements that can turn on and off very quickly. With that little computer brain they get a signal from the system operator so that the heaters do second-by-second load balancing through the grid, Recht said. They turned what was just a bunch of appliances sitting in people s houses into ten megawatt hours of energy storage. And it s just that simple kind of smart change that can really make those self-healing properties of the grid come out of things that are already installed. NEW PERSPECTIVES ON THE ENERGY BUSINESS 5

8 Five or six years ago, we talked about the smart grid primarily in terms of consumer choice and time-of-day pricing. But now the vision is for a self-healing grid that can isolate cyberattacks without human intervention. Julian Marwitz, Future Influencer As more micro grids are created and deployed, will we see organizations become so energy self-sufficient that they flee the grid? Herrin asked. A downward spiral effect could be created, Unruh pointed out, if more well-resourced organizations create their own power supply, leaving less well-resourced ones dependent on the grid. Zwirn pointed out that if you looked at this question through the lens of his decision-making model that balances sustainability, affordability, and reliability, it would seem an unlikely scenario. Distributed generation, for sure, is technologically there. It can be done reliably, he said. But the question is, as you move away from scale, how much affordability will you give up? Innovation and Technology Transfer Marwitz asked Zwirn where he was seeing innovation arising, in large companies or start-ups. Innovation is first about inspiration, and that s something you see in individuals or very small groups, said Zwirn. For that reason, large companies like Siemens really need to be networked in to universities and start-ups. Utilities face a greater challenge. They re institutions. Institutions are incredibly conservative, said Unruh. And utilities are incentivized to provide predictable reliable energy and they re disincentivized to do anything risky. Figure 3 Impact of Cheap Unconventional Energy Resources To what extent do you feel cheap unconventional energy resources will advance global efforts to increase the efficiency of energy use? 40 38% 37% 26% 1 4 LITTLE OR NO ADVANCEMENT 5 7 MODERATE ADVANCEMENT 8 10 SIGNIFICANT ADVANCEMENT 6 A HARVARD BUSINESS REVIEW ANALYTIC SERVICES REPORT

9 Figure 4 Likelihood of Unconventional U.S. Energy Developments Spreading How likely is it that the unconventional energy developments we ve seen in the U.S. will spread to other countries? 40 40% 36% 24% 1 4 NOT LIKELY 5 7 SOMEWHAT LIKELY 8 10 EXTREMELY/VERY LIKELY Many innovations are created and refined in the developed world before they are typically adopted in developing countries, often leapfrogging older technologies, said Unruh. You wouldn t build landlines in emerging countries because there are off-the-shelf mobile technologies available. The Policy Walk Utilities stand to benefit from the fast pace of innovation, but policy is a challenge. Sergi and Unruh agreed. Privacy concerns are one issue, Sergi said: If you install smart meters in your home, when a utility reads that information, what information are they getting about your daily life? In the Netherlands there was an attempt in 2009 to roll out smart meters that would feed data back to the utility, but it was blocked as a violation of consumers privacy. Another issue is regulated vs. deregulated markets. So the question becomes who is making the investment and how are they getting their return? Sergi asked. Is it from the ratepayers, other efforts from the government, or is it all from the utility standpoint? These are the kinds of big questions that will need to be answered if this investment is going to be made at all. Shortsighted policy, Zwirn pointed out, can have a distortionary effect, discouraging investment. When Siemens looks at designing a new turbine, in the best case that s a seven- to eight-year innovation cycle, Zwirn said. Because of the fact that you have long innovation cycles but short regulatory cycles in this case, the production tax credit, which expires every year or every second year that distorts a very successful manufacturing and marketing approach to how to address renewable energy in the U.S. Driving much shorter innovation cycles would help in dealing with changing public opinion. Utilities should be actively engaging the government to line up policy. The U.S. s smart grid working group has issued several requests for information and held a number of stakeholder meetings, to hear what the utilities have to say on smart grids. NEW PERSPECTIVES ON THE ENERGY BUSINESS 7

10 Because utilities are so well connected to both users and regulators, said Recht, if we could loosen the reins on them a little, they are really the ideal change leaders for this situation. Related issues are states rights and local ordinances. Mergers that would otherwise make sense do not if the state the acquired utility is in wishes to extract, say, five years of a rate freeze. To do an acquisition, you have got to have a premium, said Zwirn. If you take away the synergies that the companies get from the efficiencies of merging, it hurts the economic case for consolidation. Several Colorado communities have put fracking bans in place. Pipelines are banned as well, meaning that pipelines may have to be routed around these communities. As we come up to the fall, said Bomba, we re not so much concerned with a statewide fracking ban as we are about the state relegating that authority to various municipalities. Outside the U.S. Asked what effect the availability of inexpensive unconventionally sourced gas and oil would have on efforts to increase energy efficiency worldwide, only a quarter of respondents to the Harvard Business Review Analytic Services survey said they believed it would have a significant effect. figure 3 And a sizable majority said that they did not see unconventional extraction techniques used in the U.S. spreading to other countries. figure 4 China, for instance, said Zwirn, has some shale gas, but it is harder to access than what we have here. Watching the China experiment unfold is going to be instructive, said Zwirn. China needs a 7 or 8 percent growth rate just to maintain political stability and keep economic vitality moving along, Zwirn said. By using coal they ve created an environmental disaster that anybody who s been to either Beijing or Shanghai has seen. Ultimately there will be a social impact, not just a health impact. Nuclear has been brought into question post-fukushima. So far renewables haven t been a big part of the discussion. It s not clear you can fuel a 7-8 percent growth in the next ten years with just adding renewables. Sergi pointed out that, yes, China is building a new coal plant nearly every day, but that it also has a robust nuclear industry that generates as much power as France, which derives 80 percent of its power from nuclear. Figure 5 View on Sustainable Fossil Fuels Do you think the term sustainable fossil fuels is an oxymoron? 36% NO 64% YES 8 A HARVARD BUSINESS REVIEW ANALYTIC SERVICES REPORT

11 Figure 6 Perceptions About Fossil Fuels Please rate your level of agreement with each of the following statements. [PERCENTAGE RATING 8, 9, OR 10, WHERE 1 = STRONGLY DISAGREE, AND 10 = STRONGLY AGREE] 61% Governments and the private sector should place more emphasis on investments in cleaner fossil fuel technology or renewable energy technologies in the short term. 36% The rise of unconventional fossil fuel supplies will hinder U.S. efforts to create a clean and sustainable energy future. 25% Alternative energy technologies will be adequate to replace fossil fuels completely in 30 years. 24% We are nearing the end of business as usual in terms of traditional fossil fuel energy supply and consumption. 23% New technologies are not capable of extracting, supplying, and utilizing traditional fossil fuels in an environmentally sustainable manner. Optimism About a Sustainable Future Close to two-thirds of respondents to the survey agreed that the term sustainable fossil fuels was an oxymoron. figure 5 Yet a significant majority said that new technologies can allow traditional fossil fuels to be extracted, supplied, and used in environmentally sustainable ways. The panelists agreed. Opinion among the surveyed executives was neatly divided as to whether we are approaching the end of business as usual regarding the supply and consumption of traditional fossil fuels. But there was a clear consensus on this point: governments and the private sector should be placing more emphasis on cleaner fossil fuel and renewable energy technologies. figure 6 Picking up on a theme introduced by Bomba, Unruh said it s important to remember that in the private sector, Sustainability has to equal profitability. People tend to forget that and criticize the private sector. But without profitability you re not going to have a sustainable business marketplace going forward. NEW PERSPECTIVES ON THE ENERGY BUSINESS 9

12 SAYING GOODBYE TO BASELOAD The winning idea among the Future Influencers was Daniel Recht s Saying Goodbye to Baseload. In his proposal, he argues that the concept of baseload demand and generation is outmoded. Baseload refers to the electricity demand and supply that cannot respond quickly to the price of electricity it s a euphemism for a market inefficiency, said Recht. With the shuttering of coal plants experts predict will close by 2020 and their replacement with advanced natural gas cycle plants as well as renewables, we will be moving from slow-to-dispatch baseload power to a highly responsive, efficient power supply that offers an unprecedented level of control. At the same time, baseload demand is vanishing, said Recht. Smart meters have proliferated currently, they re in more than 20 percent of homes and businesses. In time, that will allow energy companies to charge users the real-time locational price for their electricity. This, combined with smart loads, will dramatically increase the price sensitivity of demand. If we can give up the idea of baseload, and the centralized control that goes with it, said Recht, we can have a power system that responds almost instantaneously to market signals. Relinquishing that central control will let an electricity system that is rapidly becoming more agile begin to balance itself. The challenge is that current regulations and markets, even in deregulated areas of the U.S., are designed for central control by a system operator. A major shift in policy will be required. The payoff, Recht wrote, is a major economic advantage over countries still relying on monopolistic utilities. THE NEW PEAK OIL? BY GREG UNRUH Before the global recession following the financial crisis of 2007, the major energy concern was peak oil: the idea that existing oil provinces were getting long in the tooth and that, as reservoirs drained, production would inevitably decline. Decreasing supply was coupled with exponentially growing demand as the large emerging market economies industrialized think China and India and became big customers buying up oil on world markets. The collision of supply and demand would drive oil prices through the roof. Indeed the once horrifying prospect of $100/ barrel oil has now become the new normal. But a new peak oil has begun to concern market watchers. Instead of peak supply, however, it is peak demand: the idea that demand for oil will not continue to grow exponentially but stabilize, perhaps even decrease. The chief evidence for this idea is the U.S., Europe, and other developed economies. High oil prices have encouraged frugality, especially in the transport sector. Hybrid, electric, and alternative-fueled vehicles have become standard in the marketplace. Coupled with the fact that people are driving less, this means that transportation demand for oil is lessening. Furthermore, population growth in developed countries has stalled and a demographic shift is under way from a young mobile society to a more sedentary senior citizen populace. No one knows what this might mean for the future of oil demand, but an argument can be made that the opposite of peak oil theory is now taking hold. Increasing supply from unconventional and tight oil sources combined with slipping demand as the industrial world ages and new energy technologies take hold is driving markets. Could the world find itself awash in oil as it did in the 1990s, when prices fluctuated in the $20/barrel range? What would this mean for the future of energy? 10 A HARVARD BUSINESS REVIEW ANALYTIC SERVICES REPORT

13 PARTICIPANT BIOGRAPHIES Gregory Unruh, PhD ARISON ENDOWED PROFESSOR OF VALUES LEADERSHIP, GEORGE MASON UNIVERSITY Gregory Unruh is the Arison Group Endowed Professor of Doing Good Values. His research and education focus on the application of fundamental human values to global business and a strong global moral economy. Unruh was most recently an associate professor of sustainability at the Thunderbird School of Global Management. An outspoken advocate of environmental sustainability, ethics, and corporate social responsibility, Unruh co-founded the Center for Eco-Intelligent Management and also has served as a technical reviewer for the Intergovernmental Panel on Climate Change. Before Thunderbird, Unruh was the IE Alumni Professor of Corporate Sustainability at the IE Business School in Madrid. He also served on the faculty of Columbia University and at Tufts University s Fletcher School, where he was interim director of the Center for International Environment and Resource Policy. Prior to that, he spent eight years as an environmental consultant in California and northern Mexico. Unruh is a frequent contributor to Harvard Business Review and the author of two books, including the Amazon bestselling Earth, Inc.: Using Nature s Rules to Build Sustainable Profits and Being Global: How to Think, Act, and Lead in a Transformed World, which he co-wrote with Angel Cabrera. Randy Zwirn PRESIDENT & CEO SIEMENS ENERGY, INC.; CEO, ENERGY SERVICE DIVISION, SIEMENS AG Randy H. Zwirn is CEO, Energy Service Division of Siemens AG, Energy Sector, a position he assumed in January He also serves as president and CEO of Siemens Energy, Inc., with regional responsibility for the overall Energy Sector in the Americas. Prior to his most recent position, Zwirn was a member of the group executive management of the Siemens Power Generation Group, a position he had held since Prior to 1998, Zwirn served as president of the Power Generation business of Westinghouse Electric Corporation, a position he was appointed to in January Siemens acquired the Westinghouse Power Generation business in Zwirn joined Westinghouse Electric in 1976 and has spent most of his career in positions of increasing responsibility within the Power Generation and Energy businesses. Zwirn recently joined the board of directors of SunEdison, Inc., a NYSE-listed company. He previously served on the U.S. Export Import Bank Advisory Board, Georgia Tech Advisory Board, Governor s Council of the Metro Orlando Economic Development Commission, Board of Directors of AREVA, USA, and the University of Central Florida Foundation. Zwirn holds a Bachelor of Science degree from Brooklyn College. Jane Okun Bomba SVP AND CHIEF SUSTAINABILITY, IR & COMMUNICATIONS OFFICER, IHS Jane Okun Bomba is senior vice president, chief sustainability, IR and communications officer at IHS. She is a seasoned executive with over 25 years of experience in investor relations, integrated communications, brand and corporate finance including financial planning and analysis, and accounting. Bomba has held the top investor relations position at multiple firms and joined IHS in 2004 as senior vice president, investor relations and corporate communications. After helping IHS complete a successful IPO Bomba assumed responsibility for many enterprise-wide initiatives including the development and implementation of a single global ERP, and launching the company s corporate sustainability strategy and function. Prior to joining IHS, Bomba was a partner with Genesis, Inc., and headed investor relations at Velocom, Inc., MediaOne Group, and Northwest Airlines. Bomba also held several management positions in corporate finance at both Northwest Airlines and American Airlines. She started her professional career as a CPA with Price Waterhouse in Detroit. Bomba holds both a BGS and an MBA from the University of Michigan at Ann Arbor. She also completed graduate studies at the Stockholm School of Economics. Bomba serves on several boards. Julian Marwitz CEO ARINEOS UG Julian Marwitz studied law and economics in Geneva, Hong Kong, and Germany; at the moment he is pursuing a Master of Sustainable Urban Development at the University of Oxford. He gained experience in the field of CSR and sustainability at Allianz and Volkswagen. He is also the founder of Arineos, a company that specializes in consulting on and constructing green buildings, and has been named Global Shaper of the World Economic Forum. Daniel Recht LEADER, EMERGING MARKETS AND TECHNOLOGIES TEAM, OCI As the leader of the emerging markets and technologies team at OCI, Daniel Recht advises the top management of a multibilliondollar chemical, materials, and renewable energy company on how to grow their business by developing and producing new technologies for a sustainable future. An accomplished young materials scientist with more than 20 peer-reviewed publications, Recht obtained his PhD in applied physics at Harvard University. NEW PERSPECTIVES ON THE ENERGY BUSINESS 11

14 ABOUT FUTURE INFLUENCERS The Future Influencers are an online think tank initiated by Siemens with the goal of bringing together tomorrow s thought leaders to drive action toward a sustainable future. Currently numbering about 290 members, the Future Influencers include journalists, students, engineers, architects, and urban planners from around the world. Although Siemens supports the community, it does not influence their discussions. Once or twice a year, the group engages in a collaboration around a specific topic. The subject of the current one was New Perspectives on the Energy Business. The Future Influencers were invited to offer their ideas. After four weeks of brainstorming and the subsequent voting period, Daniel Recht s idea Saying Goodbye to Baseload was selected as the top idea. Recht was therefore named the first Future Influencer to represent the FI community at CERAWeek 2014 in Houston, Texas. Julian Marwitz and Brian Sergi also contributed significantly to the discussion. They joined Recht in further developing the idea over the following weeks. The final concept was presented by a panel together with Siemens representatives and external experts. Brian Sergi SCIENCE POLICY FELLOW, SCIENCE AND TECHNOLOGY POLICY INSTITUTE Brian Sergi is a fellow at the Science and Technology Policy Institute (STPI), which supports federal entities such as the Office of Science and Technology Policy. While at STPI, Sergi has been involved in the coordination of U.S. Earth observation policy, the exploration of technology transfer mechanisms from the U.S. national labs, and the evaluation of U.S. efforts to spur international collaboration in science. Previously, Sergi was a fellow at the Breakthrough Institute, researching Generation IV nuclear power. Other research experience includes work on the proliferation of radiological devices at the Department of Energy s Argonne National Lab and work on international innovation indicators with Professor Carl Dahlman. Sergi graduated from Georgetown University s School of Foreign Service with a degree in science, technology, and international affairs. Angelia Herrin [MODERATOR] EDITOR FOR RESEARCH AND SPECIAL PROJECTS, HARVARD BUSINESS REVIEW Angelia Herrin is editor for research and special projects at Harvard Business Review. At Harvard Business Review, Herrin oversaw the relaunch of the management newsletter line and established the conference and virtual seminar division. More recently, she created a new series for organizations and associations. Prior to coming to Harvard Business Review, Herrin was the vice president for content at womenconnect.com, a website focused on women business owners and executives. Herrin s journalism experience spans 20 years, primarily with Knight-Ridder newspapers and USA Today. At Knight-Ridder, she covered Congress as well as the 1988 presidential elections. At USA Today, she worked as Washington editor, heading the 1996 election coverage. She won the John S. Knight Fellowship in Professional Journalism at Stanford University in A HARVARD BUSINESS REVIEW ANALYTIC SERVICES REPORT

15 Sustainability has to equal profitability.

16 FOR MORE INFORMATION ON HARVARD BUSINESS REVIEW ANALYTIC SERVICES: hbr.org/hbr-analytic-services

Big Data. can you seize the opportunity? featuring Donald A. Marchand and Joe Peppard. January 30, 2013. Sponsored by

Big Data. can you seize the opportunity? featuring Donald A. Marchand and Joe Peppard. January 30, 2013. Sponsored by Big Data can you seize the opportunity? featuring Donald A. Marchand and Joe Peppard January 30, 2013 Sponsored by 2013 Harvard Business School Publishing. Created for Harvard Business Review by BullsEye

More information

Main Street. Economic information. By Jason P. Brown, Economist, and Andres Kodaka, Research Associate

Main Street. Economic information. By Jason P. Brown, Economist, and Andres Kodaka, Research Associate THE Main Street ECONOMIST: ECONOMIST Economic information Agricultural for the and Cornhusker Rural Analysis State S e Issue p t e m b2, e r 214 2 1 Feed de er ra al l RR e es se er rv ve e BBa an nk k

More information

FORTNIGHTLY. Reliability Standards. PLUS A Role for Coal Falling Demand New York s Distributed Future

FORTNIGHTLY. Reliability Standards. PLUS A Role for Coal Falling Demand New York s Distributed Future FORTNIGHTLY PUBLIC UTILITIES Reliability Standards A fresh look at benefits, costs, and consequences. January 2015 ENERGY, MONEY, POWER PLUS A Role for Coal Falling Demand New York s Distributed Future

More information

Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today.

Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today. Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today. Europe is at the forefront of a global transition to a cleaner energy economy. At the same time globally energy

More information

Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin

Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin Opening remarks Good morning / afternoon everyone. I am very grateful for the invitation to join you and I am

More information

Good for Harvard, good for the world: Why HMC embraced ESG with a passion

Good for Harvard, good for the world: Why HMC embraced ESG with a passion By Simon Hoyle Fiduciary Investors Symposium Harvard, Harvard University www.top1000funds.com October 28, 2014 Good for Harvard, good for the world: Why HMC embraced ESG with a passion Harvard Management

More information

Spectra Energy Builds a Business

Spectra Energy Builds a Business » Introducing Spectra Energy Builds a Business CEO Fowler on Challenges Ahead By Martin Rosenberg Natural gas once again looms as an important fuel for electricity generation, given a spate of cancellations

More information

Mining Big Data to Find New Markets

Mining Big Data to Find New Markets Mining Big Data to Find New Markets featuring Manish Goyal and Homayoun Hatami Sponsored by WEBINARS Mining Big Data to Find New Markets OVERVIEW Even though companies today have limited resources, they

More information

The Clean Power Plan and Reliability

The Clean Power Plan and Reliability The Clean Power Plan and Reliability PRESENTED TO National Governors Association Jurgen Weiss May 6, 2015 Copyright 2015 The Brattle Group, Inc. Disclaimers and Caveats The views expressed in this presentation

More information

Customers, carbon and costs: A new business model now?

Customers, carbon and costs: A new business model now? Customers, carbon and costs: A new business model now? Al Monaco, President and CEO, Enbridge Inc. May 26, 2016 address to PricewaterhouseCoopers 7 th annual Energy Visions Business Forum Main Ballroom

More information

How Do Energy Suppliers Make Money? Copyright 2015. Solomon Energy. All Rights Reserved.

How Do Energy Suppliers Make Money? Copyright 2015. Solomon Energy. All Rights Reserved. Bills for electricity and natural gas can be a very high proportion of a company and household budget. Accordingly, the way in which commodity prices are set is of material importance to most consumers.

More information

Executive Summary. The core energy policy is as follows:

Executive Summary. The core energy policy is as follows: Executive Summary Energy management must become more sustainable and less dependent on increasingly scarce fossil fuels. Energy is a fundamental element of the economy, and the Netherlands must do more

More information

Texas Wind: The New Oil. The earth is slowly, but surely, exhausting its resources. Fossil Fuels like coal and

Texas Wind: The New Oil. The earth is slowly, but surely, exhausting its resources. Fossil Fuels like coal and Charles Budney English 138T Friday, April 5, 2013 Texas Wind: The New Oil The earth is slowly, but surely, exhausting its resources. Fossil Fuels like coal and petroleum are undeniably a finite resource.

More information

Energy Storage for Demand Charge Management

Energy Storage for Demand Charge Management Energy Storage for Demand Charge Management Wednesday, June 24, 2015 Seth Mullendore Program Associate Clean Energy Group Housekeeping Who We Are www.cleanegroup.org www.resilient-power.org 3 Resilient

More information

Accenture Utilities Podcast Series A perspective on enterprise asset management in the power generation sector

Accenture Utilities Podcast Series A perspective on enterprise asset management in the power generation sector Accenture Utilities Podcast Series A perspective on enterprise asset management in the power generation sector An interview with Todd Knapp, Accenture s Enterprise Asset Management Lead in Accenture Utilities

More information

Sales Effectiveness A study of international sales force performance

Sales Effectiveness A study of international sales force performance productivity report Sales Effectiveness A study of international sales force performance www.alexanderproudfoot.com productivity report: sales effectiveness A foreword on selling No company strategy, however

More information

INTERNATIONAL ENERGY AGENCY. UpcomingIEA Publications

INTERNATIONAL ENERGY AGENCY. UpcomingIEA Publications INTERNATIONAL ENERGY AGENCY UpcomingIEA Publications March 2009 2009 Spring Energy Policies of Luxembourg: 2008 Review Luxembourg has reformed its energy policies since the last IEA in-depth review in

More information

Statement of Lawrence W. Kavanagh Vice President, Environment and Technology American Iron and Steel Institute Washington, D.C.

Statement of Lawrence W. Kavanagh Vice President, Environment and Technology American Iron and Steel Institute Washington, D.C. Statement of Lawrence W. Kavanagh Vice President, Environment and Technology American Iron and Steel Institute Washington, D.C. Submitted for the Record Committee on Small Business U.S. House of Representatives

More information

LONG-TERM OUTLOOK FOR GAS TO 2 35

LONG-TERM OUTLOOK FOR GAS TO 2 35 LONG-TERM OUTLOOK FOR GAS TO 2 35 Eurogas is the association representing the European gas wholesale, retail and distribution sectors. Founded in 1990, its members are some 50 companies and associations

More information

2. The German energy transition is driven by citizens and communities.

2. The German energy transition is driven by citizens and communities. 8 Key Finfings Energy Transition The German Energiewende By Craig Morris, Martin Pehnt An initiative of the Heinrich Böll Foundation Released on 28 November 2012 Revised July 2015 www. 8 Key Findings German

More information

Plenary Session One. The New Geography of Energy: Business as Usual or a New Era for Energy Supply and Demand?

Plenary Session One. The New Geography of Energy: Business as Usual or a New Era for Energy Supply and Demand? Plenary Session One The New Geography of Energy: Business as Usual or a New Era for Energy Supply and Demand? 15 May 2014 Overview The pattern of global energy supply and demand that has prevailed over

More information

How can utilities survive energy demand disruption?

How can utilities survive energy demand disruption? Accenture s Digitally Enabled Grid program - 2014 edition, Executive Summary How can utilities survive energy demand disruption? Accenture s Digitally Enabled Grid program - 2014 edition 1 Toward a digitally

More information

The Bottom Line Impact from Energy-Saving Performance Contracting

The Bottom Line Impact from Energy-Saving Performance Contracting The Bottom Line Impact from Energy-Saving Performance Contracting New and emerging energy-saving technologies are making a compelling economic case for the ROI that performance contracting can generate.

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

HR TECHNOLOGY The Value of Social Network Analysis. Conducting a social network analysis can help companies to reveal their unexpected influencers.

HR TECHNOLOGY The Value of Social Network Analysis. Conducting a social network analysis can help companies to reveal their unexpected influencers. HR TECHNOLOGY The Value of Social Network Analysis January 2014, Vol. 59 No. 1 Conducting a social network analysis can help companies to reveal their unexpected influencers. b y Bill Roberts When a division

More information

Wind Power and District Heating

Wind Power and District Heating 1 Wind Power and District Heating New business opportunity for CHP systems: sale of balancing services Executive summary - Both wind power and Combined Heat and Power (CHP) can reduce the consumption of

More information

NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS

NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS I. Summary NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS This brief white paper on natural gas prices is intended to discuss the continued and sustained level of natural gas prices at overall higher levels.

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

H E C T O R M E D I N A G L O B AL M B A C O M M E N C E M E N T AD D R E S S Scottsdale, AZ, July 21, 2006

H E C T O R M E D I N A G L O B AL M B A C O M M E N C E M E N T AD D R E S S Scottsdale, AZ, July 21, 2006 H E C T O R M E D I N A G L O B AL M B A C O M M E N C E M E N T AD D R E S S Scottsdale, AZ, July 21, 2006 Thank you very much for your kind words, Rafael. President Cabrera, Thunderbird and Tec de Monterrey

More information

Is fracking cracking the renewable industry? How big a threat is shale gas to renewables?

Is fracking cracking the renewable industry? How big a threat is shale gas to renewables? Is fracking cracking the renewable industry? How big a threat is shale gas to renewables? Infrastructure Investor: Renewable Energy Forum 2012 London, 30 th October 2012 Dragoș Tâlvescu on behalf Karen

More information

MT - Economic Development Track 2 Southeast Solar Summit Oak Ridge National Laboratory 24-25 October 2007

MT - Economic Development Track 2 Southeast Solar Summit Oak Ridge National Laboratory 24-25 October 2007 MT - Economic Development Track 2 Southeast Solar Summit Oak Ridge National Laboratory 24-25 October 2007 Dr. Ross McCluney Principal Research Scientist Florida Solar Energy Center A research institute

More information

The butterfly effect. How smart technology is set to completely transform utilities

The butterfly effect. How smart technology is set to completely transform utilities How smart technology is set to completely transform utilities An era of unprecedented change Utility companies operate in one of the most complex, high profile, regulated and politically charged sectors.

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

AZAT: Is that especially important in a presidential election year? AZAT: Do you think that message resonates with lawyers?

AZAT: Is that especially important in a presidential election year? AZAT: Do you think that message resonates with lawyers? A Q AZ AT & This year, a collaborative initiative that brings Arizona residents together to examine compelling issues hits its half-century mark. This fall s Arizona Town Hall will focus on Civic Leadership.

More information

New research shows a connection between the use of cloud computing and increased business agility and competitive advantage.

New research shows a connection between the use of cloud computing and increased business agility and competitive advantage. A REPORT BY HARVARD BUSINESS REVIEW ANALYTIC SERVICES Business Agility in the Cloud New research shows a connection between the use of cloud computing and increased business agility and competitive advantage.

More information

Evolution of the smart grid in China

Evolution of the smart grid in China 18 Evolution of the smart grid in China Development of this enormous market could shape the future of the smart grid globally. David Xu, Michael Wang, Claudia Wu, and Kevin Chan China has become the world

More information

Electricity and the Energy Challenge. Atlantic Power Summit Pierre Guimond, President and CEO"

Electricity and the Energy Challenge. Atlantic Power Summit Pierre Guimond, President and CEO Electricity and the Energy Challenge Atlantic Power Summit Pierre Guimond, President and CEO" Introduction: It is a pleasure to be here today as this region of the country considers its options for future

More information

Oil, Natural Gas and YOUR FUTURE

Oil, Natural Gas and YOUR FUTURE Oil, Natural Gas and YOUR FUTURE In the uncomfortably near future, the costs of oil and gas will not be measured in just dollars and cents. It will also be measured in the changes to our quality of life,

More information

Odgers Berndtson Board Survey. Among CEOs in Denmark s largest corporations

Odgers Berndtson Board Survey. Among CEOs in Denmark s largest corporations Boards and CEOs preparing for growth Almost half of the CEOs in Denmark s largest corporations consider the financial crisis to be over and expect positive growth in the near future. This calls for preparation

More information

4 years. Business Barometer Survey The business pulse survey. April 2011. Continuous. March 2007 to March 2011

4 years. Business Barometer Survey The business pulse survey. April 2011. Continuous. March 2007 to March 2011 4 years Continuous March 2007 to March 2011 17 April 2011 Business Barometer Survey The business pulse survey Introduction With the current edition of the Business Barometer Survey, we commemorate the

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

Teacher s notes. Overview. The arguments. Lead-in. Key words. Describing a process and checking for understanding

Teacher s notes. Overview. The arguments. Lead-in. Key words. Describing a process and checking for understanding Level: Intermediate upwards Timing: 90 minutes plus Material needed: One copy of the student worksheet, Part A or B of the article and Vocabulary record per student Group size: Any Overview This lesson

More information

climate change is happening. This April produced the record for the first month in human history

climate change is happening. This April produced the record for the first month in human history Tsering Lama Occidental College 15 Climate Change, Renewable Energy, and the Hong Kong Connection In a literature review, 97% of climate scientists have concluded that anthropogenic climate change is happening.

More information

Energy White Paper at a glance

Energy White Paper at a glance and Science Energy White Paper at a glance WWW. i Energy White Paper at a glance The Australian Government made an election commitment to deliver an Energy White Paper to give industry and consumers certainty

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

Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company

Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company Before the U.S. House of Representatives Select Committee on Energy Independence and Global Warming Blowing

More information

Written Testimony Submitted by Mr. Michael Kezar General Manager San Miguel Electric Cooperative, Inc.

Written Testimony Submitted by Mr. Michael Kezar General Manager San Miguel Electric Cooperative, Inc. Written Testimony Submitted by Mr. Michael Kezar General Manager San Miguel Electric Cooperative, Inc. U.S. House of Representatives Committee on Small Business Subcommittee on Agriculture, Energy and

More information

The Future of Renewables. Stuart Pocock Chief Operating Officer

The Future of Renewables. Stuart Pocock Chief Operating Officer The Future of Renewables Stuart Pocock Chief Operating Officer Who we are The REA was established in 2001 as a not-for-profit trade association, representing British renewable energy producers and promoting

More information

Is Germany in the slow lane for low carbon heat?

Is Germany in the slow lane for low carbon heat? Is Germany in the slow lane for low carbon heat? Our latest research challenges the conventional wisdom that the best growth opportunities for low carbon heat in Europe are in Germany Delta-ee Whitepaper

More information

The Platform Driven Organization

The Platform Driven Organization The Platform Driven Organization Article by Herb Rubenstein, President, Sustainable Business Group Introduction The purpose of this article is to shed light on two key developments in the field of leadership

More information

Ministerial Statement. Beijing, China, 2 Sep 2014. 2014 - APEC Energy Ministerial Meeting. Beijing Declaration

Ministerial Statement. Beijing, China, 2 Sep 2014. 2014 - APEC Energy Ministerial Meeting. Beijing Declaration Ministerial Statement Beijing, China, 2 Sep 2014 2014 - APEC Energy Ministerial Meeting Beijing Declaration Joining Hands Toward Sustainable Energy Development in the Asia-Pacific Region 1. We, the Energy

More information

The Outlook for Nuclear Energy In a Competitive Electricity Business

The Outlook for Nuclear Energy In a Competitive Electricity Business 1776 I STREET N.W. SUITE 400 WASHINGTON, D.C. 20006 202.739.8000 The Outlook for Nuclear Energy In a Competitive Electricity Business Executive Summary: Nuclear Units Competitive, Profitable in Deregulated

More information

310 Exam Questions. 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed.

310 Exam Questions. 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed. 310 Exam Questions 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed. 2) What are the three main aspects that make an energy source sustainable?

More information

We Could Do That! A Guide to Diversity Practices in California Community Colleges

We Could Do That! A Guide to Diversity Practices in California Community Colleges 1 We Could Do That! A Guide to Diversity Practices in California Community Colleges Robert Gabriner, Eva Schiorring, and Gail Waldron City College of San Francisco We Could Do That! is a manual with tools

More information

Smart Cities. Smart partners in tomorrow s cities

Smart Cities. Smart partners in tomorrow s cities DNV KEMA serving the energy industry Smart Cities Smart partners in tomorrow s cities Experience, knowledge and advanced methods & tools for smart city planning and implementation 02 I DNV KEMA SERVING

More information

Managing Electrical Demand through Difficult Periods: California s Experience with Demand Response

Managing Electrical Demand through Difficult Periods: California s Experience with Demand Response Managing Electrical Demand through Difficult Periods: California s Experience with Demand Response Greg Wikler Vice President and Senior Research Officer Global Energy Partners, LLC Walnut Creek, CA USA

More information

worldflow energy monitor

worldflow energy monitor 27 Water Street (781) 245-3200 Wakefield, MA 01880 (781) 224-7552 (fax) A STEADY STREAM OF DATA IS COMING YOUR WAY worldflow energy monitor daniel bernoulli Energy Monitor, a Worldflow periodical, focuses

More information

OGA Marketer Meeting. Presented by Scott White

OGA Marketer Meeting. Presented by Scott White OGA Marketer Meeting Presented by Scott White 1 AGENDA Brief overview of IGS Energy US Energy and Natural Gas Market Opportunities Questions 2 Who is IGS Energy? A brief overview We are not in the Blimp

More information

Understanding the impact of the connected revolution. Vodafone Power to you

Understanding the impact of the connected revolution. Vodafone Power to you Understanding the impact of the connected revolution Vodafone Power to you 02 Introduction With competitive pressures intensifying and the pace of innovation accelerating, recognising key trends, understanding

More information

LADWP GREEN POWER PROGRAM

LADWP GREEN POWER PROGRAM LADWP GREEN POWER PROGRAM INTRODUCTION The Los Angeles Department of Water and Power (DWP), as the power provider for the City of Los Angeles, is offering its customers a comprehensive green power program

More information

Sino Belgian Business Survey 2014. Results. Comparing Apples to Apples

Sino Belgian Business Survey 2014. Results. Comparing Apples to Apples Sino Belgian Business Survey 2014 Results Comparing Apples to Apples www.moorestephens.be PRECISE. PROVEN. PERFORMANCE. Contents Page 1. Executive Summary 2 2. Survey Demographics 3 3. Growth and Margins

More information

Austin Energy Resource, Generation and Climate Protection Plan to 2025: An Update of the 2020 Plan

Austin Energy Resource, Generation and Climate Protection Plan to 2025: An Update of the 2020 Plan Austin Energy Resource, Generation and Climate Protection Plan to 2025: An Update of the 2020 Plan INTRODUCTION The Austin City Council adopted the Austin Climate Protection Plan (ACPP) in 2007 to build

More information

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources Editor s comments: Numbers in parentheses indicate the number of duplicate or extremely similar comments made. The headings are editor s best attempt to draft vision statements reflecting the participants

More information

Electric Energy Generation in Washington State. Key Findings from the Association of Washington Business

Electric Energy Generation in Washington State. Key Findings from the Association of Washington Business 2014 Electric Energy Generation in Washington State Key Findings from the Association of Washington Business Washington s economy is built on abundant, reliable and affordable electric energy. Although

More information

Drive to the top. The journey, lessons, and standards of global business services. kpmg.com

Drive to the top. The journey, lessons, and standards of global business services. kpmg.com Drive to the top The journey, lessons, and standards of global business services kpmg.com The new normal for global enterprises is about doing more with less while at the same time driving the top line

More information

The Business Case for Sustainability

The Business Case for Sustainability The Business Case for Sustainability The Business Case for Sustainability Whether managing downside risk, creating business value by incorporating sustainable solutions, or identifying innovative ways

More information

ACTION PROPOSAL to the American Nurses Association 2012 HOUSE OF DELEGATES Nurses Role in Recognizing, Educating, and Advocating for Healthy Energy

ACTION PROPOSAL to the American Nurses Association 2012 HOUSE OF DELEGATES Nurses Role in Recognizing, Educating, and Advocating for Healthy Energy TITLE: Choices ACTION PROPOSAL to the American Nurses Association 2012 HOUSE OF DELEGATES Nurses Role in Recognizing, Educating, and Advocating for Healthy Energy EXECUTIVE SUMMARY [a brief synopsis of

More information

Client Project Summary. Change Management Insights from a Fortune 500 Apparel Company s Restructuring

Client Project Summary. Change Management Insights from a Fortune 500 Apparel Company s Restructuring Client Project Summary Change Management Insights from a Fortune 500 Apparel Company s Restructuring Change Management Insights from a Fortune 500 Apparel Company s Restructuring BACKGROUND Emergent partnered

More information

Stakeholders, government officials, and policy experts

Stakeholders, government officials, and policy experts Implementation Options for EPA s Proposed Clean Power Plan: Highlights from a Midcontinent States Regional Workshop Stakeholders, government officials, and policy experts from across the Midcontinent region

More information

Operations Practice. Excellence in Supply Chain Management

Operations Practice. Excellence in Supply Chain Management Operations Practice Excellence in Supply Chain Management 3 Foreword As the global business landscape continues to evolve, so do its challenges. New competitors are entering the market. Product life cycles

More information

21ST CENTURY ELECTRICITY SYSTEM CEO FORUM SUMMARY

21ST CENTURY ELECTRICITY SYSTEM CEO FORUM SUMMARY ADVANCED ENERGY ECONOMY the business voice of advanced energy 21ST CENTURY ELECTRICITY SYSTEM CEO FORUM SUMMARY HOSTED BY MIT, CAMBRIDGE, MA On March 6th, Advanced Energy Economy (AEE) & MIT s Industrial

More information

REGULATORY COMPLIANCE Finance Executives Call for Optimizing Processes and Systems

REGULATORY COMPLIANCE Finance Executives Call for Optimizing Processes and Systems REGULATORY COMPLIANCE Finance Executives Call for Optimizing Processes and Systems A report prepared by CFO Research Services in Collaboration with Oracle Corporation REGULATORY COMPLIANCE Finance Executives

More information

The Future of Energy: The UK Manufacturing Opportunity

The Future of Energy: The UK Manufacturing Opportunity The Future of Energy: The UK Manufacturing Opportunity A report from Siemens @SiemensUKNews www.siemens.co.uk/energy-challenges Contents 3 4 Introduction Key findings commentary Results from the sectors

More information

Analytical Data Sourcing and Optimization

Analytical Data Sourcing and Optimization Analytical Data Sourcing and Optimization Willy Sennott Sr. Director, Business Analytics & Research, People to People Ambassador Programs Ozgur Dogan SVP, Data Solutions Leader, Merkle Presenter Backgrounds

More information

One View Of Customer Data & Marketing Data

One View Of Customer Data & Marketing Data One View Of Customer Data & Marketing Data Ian Kenealy, Head of Customer Data & Analytics, RSA spoke to the CX Network and shared his thoughts on all things customer, data and analytics! Can you briefly

More information

An everyman s guide to the complex world of energy.

An everyman s guide to the complex world of energy. An everyman s guide to the complex world of energy. Most books on energy topics fall into one of two categories: dry academic tomes that provide an abundance of information with little style or engaging

More information

ENERGY PRIORITIES OF THE POLISH PRESIDENCY OF THE EU COUNCIL: THE CZECH PERSPECTIVE

ENERGY PRIORITIES OF THE POLISH PRESIDENCY OF THE EU COUNCIL: THE CZECH PERSPECTIVE ENERGY PRIORITIES OF THE POLISH PRESIDENCY OF THE EU COUNCIL: THE CZECH PERSPECTIVE Petr Binhack Energy Security as a Part of the EU Agenda Energy is an important precondition for European economic development.

More information

A presentation to the IEA-EPRI Task Force by Reid Detchon Executive Director Energy Future Coalition Washington, D.C.

A presentation to the IEA-EPRI Task Force by Reid Detchon Executive Director Energy Future Coalition Washington, D.C. A presentation to the IEA-EPRI Task Force by Reid Detchon Executive Director Energy Future Coalition Washington, D.C. The question is not where we need to go, but how to get there Several drivers make

More information

The Economic Case for Energy Efficiency

The Economic Case for Energy Efficiency The Economic Case for Energy Efficiency It s not news that the United States uses a great deal of energy (25% of the world s oil energy although we re only 5% of the world s population) and that we import

More information

Falling Oil Prices and US Economic Activity: Implications for the Future

Falling Oil Prices and US Economic Activity: Implications for the Future Date Issue Brief # I S S U E B R I E F Falling Oil Prices and US Economic Activity: Implications for the Future Stephen P.A. Brown December 2014 Issue Brief 14-06 Resources for the Future Resources for

More information

The Vast Potential for Renewable Energy in the American West

The Vast Potential for Renewable Energy in the American West The Vast Potential for Renewable Energy in the American West Developing Wind, Solar, and Geothermal Energy on Public Lands Jessica Goad, Daniel J. Weiss, and Richard Caperton August 2012 Introduction Arizona,

More information

NEWENGLANDGASSTUDY PROPOSALDISCUSSION

NEWENGLANDGASSTUDY PROPOSALDISCUSSION NEWENGLANDGASSTUDY PROPOSALDISCUSSION Dennis Eklof September 8, 2014 The opinions and analysis in this presentation are solely those of its author and do not necessarily reflect the views of any others

More information

Change is happening: Is your workforce ready? Many power and utilities companies are not, according to a recent PwC survey

Change is happening: Is your workforce ready? Many power and utilities companies are not, according to a recent PwC survey January 2012 Change is happening: Is your workforce ready? Many power and utilities companies are not, according to a recent PwC survey At a glance Our utilities-industry survey shows that many companies

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

The Directors Cut. The power of data: What directors need to know about Big Data, analytics and the evolution of information. www.pwc.

The Directors Cut. The power of data: What directors need to know about Big Data, analytics and the evolution of information. www.pwc. www.pwc.com/ca/acconnect The Directors Cut The power of data: What directors need to know about Big Data, analytics and the evolution of information December 201 This newsletter is brought to you by PwC

More information

Netherlands National Energy Outlook 2014

Netherlands National Energy Outlook 2014 Netherlands National Energy Outlook 2014 Summary Michiel Hekkenberg (ECN) Martijn Verdonk (PBL) (project coordinators) February 2015 ECN-E --15-005 Netherlands National Energy Outlook 2014 Summary 2 The

More information

Energy & Environment Market Trends, Smart Technologies, New Fuels, Future Business Models and Growth Opportunities

Energy & Environment Market Trends, Smart Technologies, New Fuels, Future Business Models and Growth Opportunities & Environment Market Trends, Technologies, New Fuels, Future Business Models and Growth Opportunities September 2014 OUR COVERAGE & VISION: IDENTIFYING OPPORTUNITIES FROM UPSTREAM TO POINT OF USE Oil &

More information

2012 AnnuAl MArket OutlOOk & FOrecAst SUMMARY REPORT

2012 AnnuAl MArket OutlOOk & FOrecAst SUMMARY REPORT 2012 Annual Market Outlook & Forecast SUMMARY REPORT SECTION TITLE 04 Executive Summary 06 Introduction 07 A closer look at online study respondents Table of Contents 09 Going a step further in-depth interviews

More information

IBM Business Analytics and Optimisation: Energy and utilities. The UK s

IBM Business Analytics and Optimisation: Energy and utilities. The UK s IBM Business Analytics and Optimisation: Energy and utilities The UK s energy sector must respond to changing times. It needs to adapt if it is to meet the demands of consumers and Government for reliable,

More information

Marketing Plan Development 101: The Importance of Developing a Marketing Plan for Public Transit Agencies & Commuter Assistance Programs

Marketing Plan Development 101: The Importance of Developing a Marketing Plan for Public Transit Agencies & Commuter Assistance Programs Marketing Plan Development 101: The Importance of Developing a Marketing Plan for Public Transit Agencies & Commuter Assistance Programs Mark Glein, PhD, Marketing Florida State University Marketing Plan

More information

Executive summary. Chapter one: Foreword. Jochen Kreusel

Executive summary. Chapter one: Foreword. Jochen Kreusel Chapter one: Foreword 2. Executive summary This report gives a comprehensive outlook towards an electricity system for Europe and North Africa based completely on renewable energy in 2050. Its particular

More information

Employee Mobility Survey

Employee Mobility Survey Employee Mobility Survey Employees in 24 Countries Assess Employee Mobility for a Total Global Perspective January 2013 Canadian Employee Relocation Council Executive Summary Executive Summary Thank you

More information

Oil Gas expo 2015 is comprised of 13 Main tracks and 131 sub tracks designed to offer comprehensive sessions that address current issues.

Oil Gas expo 2015 is comprised of 13 Main tracks and 131 sub tracks designed to offer comprehensive sessions that address current issues. OMICS Group cordially invites participants from all over the world to attend International Conference and Expo on Oil and Gas, scheduled during November, 16-18, 2015 at Dubai, UAE mainly focused on the

More information

Infrastructure Asset Management Report

Infrastructure Asset Management Report Infrastructure Asset Management Report From Inspiration to Practical Application Achieving Holistic Asset Management 16th- 18th March 2015, London Supported by Table of contents Introduction Executive

More information

Exemplar Global Business Plan FY2016 Summary. Exemplar Global 1

Exemplar Global Business Plan FY2016 Summary. Exemplar Global 1 Exemplar Global Business Plan FY2016 Summary Exemplar Global 1 2 Exemplar Global Executive Summary Exemplar Global, Inc. (Exemplar) will deliver a complete career pathway solution to those seeking professional

More information

Organizational Alignment is Key to Big Data Success

Organizational Alignment is Key to Big Data Success JANUARY 2013 Interview with Randy Bean (NewVantage Partners) Organizational Alignment is Key to Big Data Success REPRINT NUMBER 54307 MIT SLOAN MANAGEMENT REVIEW Organizational Alignment is Key to Big

More information

Global Leadership Development

Global Leadership Development Global Leadership Development Talent Management CapitalWave Inc. White Paper March 2010 1 Table of Contents: Global Leadership Development (GLD): Distance. 3 GLD 2: Defining Leadership across Cultures

More information

Seminar in Energy Law L8452 Columbia Law School Fall 2011. Prof. Michael B. Gerrard

Seminar in Energy Law L8452 Columbia Law School Fall 2011. Prof. Michael B. Gerrard Seminar in Energy Law L8452 Columbia Law School Fall 2011 Prof. Michael B. Gerrard This seminar concerns the regulation of energy, energy resources, and energy facilities. Among the topics will be the

More information

www.questevents.com.au

www.questevents.com.au and the implications for Australian gas exports and project viability Sponsorship and Exhibition Opportunities Organised by: EXAMINING THE IMPLICATIONS OF GLOBAL ENERGY MARKET MOVEMENTS FOR AUSTRALIAN

More information

Electric Vehicles and Renewable Energy Potential

Electric Vehicles and Renewable Energy Potential STATE OF THE WORLD 2009 Climate Connections Electric Vehicles and Renewable Energy Potential Jeffrey Harti Skyrocketing energy prices and concerns about energy security and climate change have sparked

More information