Top Technologies in Sustainable Energy for 2014
 

Top Technologies in Sustainable Energy for 2014

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Top Technologies in Sustainable Energy for 2014 Top Technologies in Sustainable Energy for 2014 Presentation Transcript

  • Top Technologies in Sustainable Energy for 2014 Powering the World Sustainably W.F. Kee, Principal Consultant Technical InsightsTechnical Insights 5-13-14 © 2014 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property of Frost & Sullivan. No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan.
  • Today’s Presenter Kee has over 10 years of experience with Clean Technologies (renewable energy, W.F. Kee, Principal Consultant Frost & Sullivan 2 bioenergy, renewable chemicals, etc.), with 6 years of research & consulting expertise, contributing to more than 30 projects that involve various types of technology and technical assessments. Particular expertise in technology roadmapping, technology benchmarking and project management.
  • 3
  • IPCC’s Global Warming Projections 4
  • Technical Insights’ Sustainable Energy Technology Cluster • Provides global insights and intelligence that serves as a decision making pointers for industry players • Covers developments related to emerging and disruptive technologies and solutions that address global challenges related to energy sustainability • Scope of content includes energy generation, storage, infrastructure, and efficiency • Provides global insights and intelligence that serves as a decision making pointers for industry players • Covers developments related to emerging and disruptive technologies and solutions that address global challenges related to energy sustainability • Scope of content includes energy generation, storage, infrastructure, and efficiency DefinitionDefinition Natural Gas CoverageCoverage Technologies/ platforms covered Renewable Heating Energy Storage Advanced Batteries Energy Transmission Wind Energy Natural Gas Biomass Energy Biofuels Geothermal Energy Solar Energy 5
  • Key Trends – Political POLITICAL ECONOMICS SOCIAL TECHNOLOGY Volatility in Regional Politics Rise of Connected Living Pursuit for Cost Effectiveness • Energy becomes a critical political weapon • State of the economy dictates national policies • Shifting political sentiment can shift or reverse national RE policies Role of Natural Gas and the Developing World 6
  • Key Trends – Economics POLITICAL ECONOMICS SOCIAL TECHNOLOGY Volatility in Political Sentiment Role of Natural Gas and the Developing World Rise of Connected Living Pursuit for Cost Effectiveness • Availability of natural gas, particularly from hydraulic fracking, makes it an attractive option • Changing role of the United States from energy importer to energy exporter • Rapid growth of renewable energy in the developing world 7
  • Key Trends – Social POLITICAL ECONOMICS SOCIAL TECHNOLOGY Rise of Connected Living Pursuit for Cost Effectiveness • Internet-of-Things (IoT) will enable smart energy management • Increasing role of end users in making energy purchase decisions • Energy grid security will become increasingly critical Volatility in Political Sentiment Role of Natural Gas and the Developing World 8
  • Key Trends – Technology POLITICAL ECONOMICS SOCIAL TECHNOLOGY Volatility in Political Sentiment Changing Dynamics of Natural Gas Rise of Connected Living Pursuit for Cost Effectiveness • Renewables face increasing pressure to decrease cost • Increasing calls to combat climate change to drive R&D into sustainable energy • Natural gas to become a critical transitional energy in the coming decade 9
  • Top Technologies for Sustainable Energy in 2014 HydraulicHydraulic FrackingFracking 10 SustainableSustainable EnergyEnergy
  • Top Technology Trends Energy Storage Natural Gas • Increasing interest in hydraulic fracking, apart from North America • Introduction of floating LNG (FLNG) • R&D into methane hydrates INNOVATING TO ZERO Big Wind Power • Rising adoption and deployment of big wind turbines, particularly for offshore • New turbines are in the > 5MW range Solar Energy Heat Pumps • Advances in compressor technology and the rising cost of heating is encouraging adoption of heat pumps ZERO CARBON EMISSIONS! • Commercial attractiveness is highest for Li-based batteries • Introduction of distributed energy storage • Increasing adoption of rooftop solar, driven by incentives • Solar energy is also enabling mobility Biomass Energy • Incentives for renewable heating is encouraging adoption for pellet fuels 11
  • Technology Developments in Natural Gas Floating Liquefied Natural Gas (FLNG) What Is Floating Liquefied Natural Gas? • Is a recent development in the LNG field, where offshore floating facilities produce, liquefy, and store LNG and transport it directly to international markets • Enable the exploitation of remote offshore resources, which were economically not viable before Market Impact 12 • FLNG offers significant time and costs savings, as extensive transfer systems can be eliminated • Considered as one of the biggest advances in the LNG sector in the last decade Ongoing FLNG Projects • World’s largest FLNG facility (5.3 mtpa) is being built by Royal Dutch Shell. Known as the Prelude, it will begin operations off the coast of Western Australia in 2017 • Petronas is also building its first FLNG, a 1.2 mtpa facility, scheduled to be ready for start-up by end of 2015, and is planning for a second 1.5 mtpa FLNG facility
  • Technology Developments in Energy Storage Lithium-Based Batteries What are Lithium-Based Batteries? • Next generation lithium-based batteries include advanced lithium-ion batteries, lithium sulfur batteries, and lithium-air/lithium oxygen • Lithium-ion is currently reaching the limits of the technology, hence the intense research on alternative lithium-based chemistries Market Impact 13 • Lithium-ion remains the dominant lithium-based battery technology from low to high energy applications • Lithium-sulfur batteries will likely be commercialized after 2015. Targeted markets include electric vehicles, energy storage and military applications Technology Challenges • For high energy applications, the US DOE has set a target of $250 per kilowatt-hour, which has yet to be met by any of the commercially available batteries today • Current energy densities are insufficient to meet both volume and weight targets for vehicle applications
  • Timeline for Technology Development and Deployment 2015 • Launching of first FLNG facility by Petronas 2016 • Commercialization of Li-S batteries 2017 2014 • Vestas’ 8MW turbine comes online • China to emerge as the biggest installer of solar PV 14 2017 • Shell Prelude to begin operations 2018 • Energy storage costs targeted to be cut in half
  • Next Steps Develop Your Visionary and Innovative Skills Growth Partnership Service Share your growth thought leadership and ideas or join our GIL Global Community 15 Join our GIL Community Newsletter Keep abreast of innovative growth opportunities Phone: 1-877-GOFROST (463-7678) Email: myfrost@frost.com
  • Your Feedback is Important to Us Growth Forecasts? Competitive Structure? What would you like to see from Frost & Sullivan? 16 Emerging Trends? Strategic Recommendations? Other? Please inform us by “Rating” this presentation.
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  • For Additional Information Jennifer R. Carson Corporate Communications 210-247-2450 Jennifer.Carson@frost.com W.F. Kee Principal Consultant Technical Insights +603 6204 5879 waifun.kee@frost.com 18 Leo O’Connor Vice President Technical Insights 908-955-7436 loconnor@frost.com Bernard Weber Sales Director Technical Insights +44 207 343 8352 bweber@frost.com