SlideShare a Scribd company logo
1 of 253
Download to read offline
… mostly  convenient truths Vinod Khosla Khosla Ventures September 2007 from a technology  optimist
Agenda ,[object Object],[object Object],[object Object]
Why “ Green ”?
Safe  or  Not ? Source: IPCC Hurricanes Fires, Floods   Extinctions System Losses 600 M Displaced Flooding NY Flooded Catastrophe Planet Crash 450ppm 550ppm 650ppm
Arctic  Meltdown www.usgcrp.gov 24 Years Later
Roger Braithwaite, University of Manchester Greenland  Meltdown
Increasing Melt Area on Greenland All melt records were  exceeded  in 2005.   Waleed Abdalati, Goddard Space Flight Center Greenland  Meltdown
Greenland Takes Out FL, NJ, NYC http://www.solar2006.org/presentations/plenaries/p02-hansen.pdf Greenland is 22 Feet of Ocean Height
East Coast Underwater
Louisiana: 20’ Water Rise
Florida: 20’ Water Rise
Which  Florida do we want? Modern Florida Greenland Ice Sheet Melts West Antarctic Ice Sheet Melts East Antarctic Ice Sheet Melts
Florida: 2007 vs. 2107 With a 5 meter rise in sea levels… Source: New Scientist, Jeremy Price and Jonathon Overpeck, University of Arizona
2004 http://science.nasa.gov/headlines/y2004/images/bluemoon/elkbath.jpg
2005
It’s Happening Now ,[object Object],[object Object],[object Object],NASA NOAA SSEC
IPCC  www.conservationcenter.org/assets/docs/Global%20Warming.PDF
[object Object],[object Object],[object Object],Public Opinion …  public opinion favors action
[object Object],[object Object],[object Object],[object Object],Climate Change Changing Insurance Models Insurers are insuring themselves! Shouldn’t you?
[object Object],[object Object],[object Object],[object Object],“ The New Math Of Alternative Energy”   WSJ, Feb 12, 2007 …  economics of “ green ” are changing? and  Change = Opportunity
Our Current Course http://www.solar2006.org/presentations/plenaries/p02-hansen.pdf 450 ppm   CO 2 Biosphere
Defeatism or  Action ? We insure our homes Why not our planet?
Good News  Assertions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],We are here
Often what the Majority Believes  is Wrong! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conventional Wisdom is  Wrong ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Un-Conventional  Wisdom ,[object Object],[object Object],[object Object],[object Object]
Scale of Resistance ,[object Object],[object Object],[object Object]
Cardinal  Rules ,[object Object],[object Object],[object Object],[object Object],[object Object]
Renewable Energy USA!  Source: NREL, USDA, NRCS, EIA West, SouthWest have solar… Texas has wind & solar … Southeast has biomass! Rockies have geothermal! Midwest has corn/wheat belt!
Regional Co-operation!  Source: NREL, USDA, NRCS, EIA Solar Wind Biomass Geothermal We need a power grid from California to Florida
Which  Gamble ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Can   We   Do?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Societal  Cost  of Hydrocarbons ,[object Object],[object Object],[object Object],[object Object],Source: Coghill Capital Management
[object Object],[object Object],[object Object],[object Object],[object Object],Source: Coghill Capital Management  Societal  Cost  of Hydrocarbons (Continued)
[object Object],[object Object],[object Object],[object Object],Source: Coghill Capital Management  Societal  Cost  of Hydrocarbons (Continued)
What Are Fossil Fuels’ Externalities? Source: Coghill Capital Management  High Medium Low Fossil Fuel Costs (Billions $USD) $640.30 $365.00 $88.10 Total Fossil Fuel Costs $450.00 $237.00 $24.03 Healthcare Treatment and Mortality from Pollution $93.30 $53.00 $14.80 Environmental Monitoring and Clean Up $100.00 $75.00 $49.00 Military Base and Supply Route Security
What Are Fossil Fuels’ Externalities? (continued) ,[object Object],[object Object],[object Object],[object Object],Source: Coghill Capital Management Natural Gas (mmcf) Crude Oil (Barrel) Coal (Short ton) The Effect on Consumers $6.80 $60 $20.49 2006 Ave. Cost $2.74 $26.68 $93.83 Mid-Societal Cost $9.54 $86.68 $114.32 Total Cost/ Unit $0.0235 c/kWh $1.54 per gallon $0.0454 c/kWh Consumer Increase
… or get to  work
a renewable  universe …
Khosla’s “ solutions ” Rules ,[object Object],[object Object],[object Object],[object Object],[object Object]
Mascoma Verenium Range Coskata Altra Cilion Hawaii Bio Ethos Tools Solar Natural Gas Mechanical Efficiency Electrical Efficiency Cellulosic Future  Fuels Plastics Water Materials Nanostellar Codon Praj Quos NanoH2o Segetis eChromics Calera Stion Ausra Altarock Infinia Coal Efficiency Oil Transonic Streamline Living Homes GIV Seeo Newco1 Great Point Energy Corn/ Sugar Fuels Wind Building Materials Geothermal LS9 Gevo Amyris LanzaTech Khosla Ventures Renewable Portfolio
Corn/Sugar Fuels: ,[object Object],[object Object],[object Object],[object Object]
Cellulosic Fuels: ,[object Object],[object Object],[object Object],[object Object]
Future Fuels: ,[object Object],[object Object],[object Object],[object Object]
Efficiency: ,[object Object],[object Object],[object Object],[object Object],[object Object]
Solar/Wind/Geothermal/Natural Gas: ,[object Object],[object Object],[object Object],[object Object],[object Object]
Tools: ,[object Object],[object Object],[object Object]
Water: ,[object Object],[object Object]
Materials: ,[object Object],[object Object],[object Object]
Solar Flare ? Coal Clampdown ?
Electricity = biggest and  fastest growing carbon problem IEA WEO 2004  Courtesy Steve Koonin, BP 1971 2002 2030
Energy use grows with development ,[object Object],US Australia Russia Brazil China India S. Korea Mexico Ireland Greece France UK Japan Malaysia energy demand and GDP per capita (1980-2002) Smallest per capita use, Fastest growing, Largest Population
Demographic  Transformations source: United Nations 6.3 billion 8.9 billion Oceania Africa N-America S-America Europe Asia Oceania Africa N-America S-America Europe Asia Largest Segment Population 2003 Population 2050
Annual primary energy demand 1971-2003 ,[object Object],Fastest Growing
Our Current Course http://www.solar2006.org/presentations/plenaries/p02-hansen.pdf 450 ppm   CO 2 Biosphere
Solution  : Phase Out Coal http://www.solar2006.org/presentations/plenaries/p02-hansen.pdf Biosphere 450 ppm   CO 2
Capital Markets &  Governments Changing ,[object Object],[object Object],[object Object],[object Object],[object Object],How much coal and carbon risk will the market bear?
The TXU Story  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Washington Post – Feb 26, 2007 Today’s unthinkable  or tomorrow’s conventional wisdom?
Coal:  Ready for Updating…
PUG Power  (utility grade power) ,[object Object],[object Object],[object Object],[object Object],[object Object]
… alternatives? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Standard and Poor’s Assessment Source: Jim Harding Capital Costs:  Costs of constructing the plant Direct Generation Cost:  Costs of generating electricity  Cost W/CCS:  Direct Generation Cost + cost of  Carbon Capture and Storage – total cost of electricity generation with CCS Cost w/ CO2 Credits ($10-$30 per ton):  Direct Generation Cost + cost of  CO2 credits - – total cost of electricity generation with Carbon Credits CCS vs. Carbon Credits Cost w/CO2 Credits  ($10-$30 per ton) Cost W/CCS  (cents/kWh) Direct Generation Cost  (cents/kWh) Capital Cost  ($/kW) 6.2-7.9 12.0 5.8 2438 Pulverized Coal 7-7.7 9.6 6.8 700 Gas (CCCT) 7.1-8.7 10.2 6.8 2795 Eastern IGCC 7.1 7.1 7.1 1700 Wind 8.9-9.8 8.9-9.8 8.9 4000 Nuclear
Photovoltaic Solar ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Nuclear Plants Are Expensive! Koomey, Jonathan, and Nate Hultman. 2007. “A Reactor-Level Analysis of Busbar Costs for US nuclear plants,” 1970-2005, forthcoming in  Energy Policy Source: Jim Harding
Wind Doesn’t Match Utility Demand http://www.uwasa.fi/itt/teti/sahko/NEPF/vasa_nordiskvind.ppt Utilities want to buy power when customers need it Not when the wind blows or the sun shines!   Stored power is key to increasing value of wind kwh Wind Random vs. Load Lots of power at 2am Lots of Daily Variability (30%+)
Untrustworthy  Predictions: Natural Gas AEO projected natural gas prices versus actual wellhead prices Source: Lawrence Berkeley National Laboratory 2006
US Electric Power: Coal Is Back www.eia.doe.gov www.oilnergy.com Natural Gas Price “ As natural-gas supplies and prices have become a problem, the power industry is shifting to coal in a big way, with plans to build more than 100 coal-fired power plants in coming years at a potential cost of more than $100 billion” As Utilities Seek More Coal, Railroads Struggle to Deliver “   Wall Street Journal -  March 15, 2006
Coal Prices Peak  1975: $50.92 2005:  $21.51
Coal Issues ,[object Object],[object Object],[object Object],[object Object]
PRB Coal  Supply Bottlenecks Exist (Star Tribune 1/16/2006) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Coal Transport ,[object Object],[object Object],[object Object],Wall Street Journal 3/15/2006 As Utilities Seek More Coal, Railroads Struggle to Deliver Testimony of David Wilks, President Energy Supply Xcel Energy,  Senate Committee on Energy and Natural Resources,  5/25/2006
Coal Transportation  Erratic (WSJ, Mar 15, 2006) ,[object Object],[object Object],[object Object],[object Object],Should we transport coal or power? Ethanol or coal?
Coal -  transport ,[object Object],[object Object]
Carbon Pricing  Hurts Coal ,[object Object],[object Object],Steve Clemmer, Union of Concerned Scientists, “Gambling with Coal”, 9/06
Coal Risks: Coal plant costs have continued to rise!  (NPR, Jan 17, 2007) ,[object Object],[object Object],[object Object]
Plant Costs Continue to Rise!  ,[object Object],Source: NY Times
Coal Capital Costs
Projections Are More Conservative Than Reality Source: Projections – Black and Veatch, Cost estimates from UCS, NyTimes, Other news sources $2,333 Cancelled Kansas (Westar) - PC $3,000 Approval granted in 2007  Cliffside (Duke Energy) – PC $3,500+ Commence ops in 2012 West Virginia (AEP)– IGCC $3,593 Review on hold Mesaba (Excelsior) – IGCC $2,168 Construction starts mid-2008 Big Stone II, South Dakota (Otter) - PC $2,500 Springfield, IL - PC 2,840 2020 B&V Projected -  Coal - IGCC 2,750 2005 B&V Projected -  Coal - IGCC 2,840 2010 B&V Projected -  Coal - IGCC 2,240 2020 B&V Projected -  New Coal (SC) $6,000+ Commence ops in 2012 at earliest FutureGen – near zero emission demonstration plant 2,180 2010 B&V Projected -  New Coal (SC) 2,120 2005 B&V Projected -   New Coal (SC) Capital Cost ($/kW) – 2006$ Install Date Type
Is Carbon (CO 2 ) risk being ignored?
Implications of Carbon Costs Source: http://www.stabilisation2005.com/day3/Socolow.pdf
What is the cost of  future CO 2  limits in the US? Source:  Synapse Energy Economics,  Climate Change and Power: Carbon Dioxide Emissions Costs and Electricity Resource Planning , May 2006.
Carbon Dioxide prices  Pulverized Coal  Uneconomic Source: EIA, “NEMS EMM Factors for AEO06,” spreadsheet, 2006, and Synapse, 2006. The costs are representative of a new coal plant built in the Midwest in 2015.  High $30/t, $77/mwh Mid $19/t, $66/mwh Low $8/t, $55/mwh 20 40 60 80 100 10 20 30 40 50 Cost of CO2 ($/ton) Levelized Cost  $/mwh
Is coal an effective way  to avoid carbon?  a sample projection Assume 85% capacity factor for all technologies. Source: : “IGCC: Next Step on the Path to Gasification-Based Energy from Coal,” Robert H. Williams, 2004. Cost estimates similar to estimates in “The Cost of Carbon Capture,” by Jeremy David and Howard Herzog (2000) and “Evaluation of Fossil Fuel Power Plants with CO_2 Recovery,” NETL (2002).  Compilation: Sylvia Smullin
The Cost of CCS ,[object Object],[object Object],Source: MIT Study - http://web.mit.edu/coal/
The Problems with CCS ,[object Object],[object Object],[object Object],[object Object],[object Object],If we can’t sequestrate carbon where it is produced, how for do we transport? Carbon volume = oil volume!
The Problems with CCS … ,[object Object],[object Object]
No Sequestration in the Carolinas  ,[object Object],[object Object],If we can’t sequestrate coal where it is produced, how much space do we really need?
The Problems with CCS (Safety) ,[object Object],[object Object],[object Object],Who bears the liability!
IGCC+CCS= Risk, risk & more risk! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Who wants to be a millionaire? Knowing each plant =600,000 cars of liability (Starting with $150 billion) Whose $150 billion?
COAL = FAST FOOD ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
We’re using the  atmosphere  as our  sewer
The Face (Externalities?) of Coal Source: “ Concentrated Solar Power Potential in China”, Deepak  Boggavarapu PhD  China GDP growth =  China environmental damage? & health care costs?
Environmental impacts of  coal power:  pollution   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Effects of Coal: Raw Numbers  ,[object Object],[object Object],[object Object],[object Object],Source: ORNL, UCS  Coal is an environmental menace!
Air pollution from power plants causes  health problems : ,[object Object],[object Object],[object Object],Source: Clean Air Task Force, June 2004.  … the next asbestos? … the Supreme Court ruled carbon dioxide a pollutant
Air pollution from power  plants causes  deaths Source: Clean Air Task Force, June 2004.  Deaths per 100,000 adults range from <1 (blue) to >30 (pink) … guess where all the coal power plants are?
Health Costs of Pollution from Power Plants Source: Robert H. Williams, 2004.  “ Pulverized coal” plant incurs  high health costs Mean cost for 2004 BACT coal = 2.3 cent/kWh.  This means that coal-generated electricity in the US annually incurs $46 bill in health costs
Coal’s World is  Changing ,[object Object],[object Object],[object Object],[object Object],[object Object],Source: Union of Concerned Scientists
Growing support for Regulation ,[object Object],[object Object],[object Object],[object Object],[object Object],Emissions regulation is an inevitability!
“ Nobody in their right mind should be building a coal plant”  ,[object Object],[object Object],[object Object],[object Object],Source: Business Week Coal Plants are not economically logical given the risks!
Coal An  Expensive  Mistake! Florida Capitol News, April 18, 2007 ,[object Object],[object Object],Coal investments are dangerous bets!
Pressure  from Investors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Shareholders versus ratepayers ,[object Object],[object Object],[object Object],[object Object]
Western US Coal Plants http://www.westernresourceadvocates.org/media/pdf/CA%20Coal%20Shadow.pdf Current Planned
Conventional Wisdom :“250 Years of Coal” ,[object Object],[object Object],[object Object],USGS, Evaluation of Economically Extractable Coal Resources in the Gillette Coal Field, Powder River Basin, Wyoming 02-180 2002
Peak Coal? ,[object Object],[object Object],[object Object],[object Object],[object Object],How much coal do  we really have left? From The Energy Watch Group report, “Coal: Resources and Future Production,”
*Projected development assuming states achieve annual renewable energy targets. **If achieved, IA, IL, and ME goals would support an additional 4,400 MW by 2020. HI CA NV IA & WI NJ CT & RI MA ME MN AZ & NM NY TX New renewable energy supported: - 46,270 MW by 2020** Equivalent to: - 17.7 million less cars MD CO & MT PA DC & DE WA Renewable Energy from State Standards* BIG MARKET: BIG CARROT
[object Object],“ No Choice” on renewable power BIG STICK Renewable Electricity Standards NV: 20% by 2015 HI: 20% by 2020 TX: 5,880 MW (~5.5%) by 2015 CA: 20% by 2010 CO: 16.1%  by 2020 NM: 16.2% by 2020 AZ: 15% by 2025 IA: 2% by 1999* MN: 27.4% by 2025* WI: 10% by 2015 NY: 24%  by 2013 ME: 30% by 2000 MA: 4% by 2009 CT: 10% by 2010 RI: 16% by 2019 PA: 8% by 2020 NJ: 22.5% by 2020 MD: 7.5% by 2019 *MN has a 30% by 2020 standard for Xcel Energy, and a 25% by 2025 standard for all other utilities. CO and NM have a 20% by 2020 standard for investor-owned utilities, and a 10% by 2020 standard for other utilities.   ** In addition to their requirements, IA has a 1,000 MW (~10%) by 2010 goal, and ME has a 10% new resources by 2017 goal.  IL has a renewable energy goal, with no specific enforcement measures. D.C: 11% by 2022 MT: 15%  by 2015 DE: 10% by 2019 IL: 8% by 2013** Washington: 15% by 2020 ,[object Object],Standard Standard and Goal Goal
Good news on Alternatives Solar Thermal
… solar thermal (CSP)
We have NO SHORTAGE  OF ENERGY
100,000 Terawatts Humans will use  15 in 2050 8 inch deep layer of oil annually
A  Technology Crisis  …not a  Resource Crisis ! ,[object Object],[object Object],[object Object]
Scalability  : Land For All Electricity Carlo Rubbia, SolarPACES2006  earthobservatory.nasa.gov All Worldwide Electricity
USA…  Looking   Good Creating a U.S. Market for Solar Energy, by Rhone Resch, President of the Solar Energy Industries Association.  Germany: 57% world PV  US: 7% world PV
Area requirements to power the USA (150 km) 2  of  Nevada covered with 15% efficient  solar cells could provide the USA with electricity J.A. Turner,  Science   285  1999, p. 687. ½  as much land with 30% efficient turbines
How Much  California  Land? 2005 Load: 52 GW 2020 Load: 69 GW Google Earth  California Energy Commission  NREL All New Load  Through 2020:  17 GW (15x15mi) Shut All The Coal Plants Close All Non-Hydro
Technologies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Stion Shell, Honda, Daystar, First Solar, Nanosolar, Miasole, Heliovolt Schott Solar, EPV, Fuji Electric, Unisolar  Sharp, Q-Cells, Kyocera, Sanyo, Mitsubishi, SunPower [15- 18%] Si 1 st   Generation [25- 30%] [10-12%] [7-9%] MOS CdTe, CIGS a-Si, 4 th  Generation 3 rd  Generation 2 nd  Generation
Source: Sunpower
Source: Applied Materials
Photovoltaic  Cost Trajectory ,[object Object],[object Object],[object Object],[object Object],IEA http://www.iea-pvps.org/products/download/rep1_15.pdf
Costs Including Storage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],PV cost reduced from  http://www.iea-pvps.org/products/download/rep1_15.pdf  , other reports PV storage: ½ reported battery cost  CSP: Black & Veatch, CA study 4/06 Solar thermal is the key to turning of coal
We Need To Work On ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],http://www.vrbpower.com/docs/media/energy%20storage.pdf
Cycle Time to Use ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],How Soon Is  Solar  Competitive? How Long Is Coal Competitive?
California CSP  : better than “next best” ,[object Object],[object Object],[object Object],[object Object],Source: NREL subcontract report by Black & Veatch, April 2006
Three Gorges Dam ~18 GW generating capacity  >25 years planning and construction ~1.3 million people displaced ~630 sq km reservoir >$50B estimated actual construction cost  CSP would generate 1.7 times the power in same land area at significantly lower  capital cost and faster construction time. Source: “ Concentrated Solar Power Potential in China”, Deepak  Boggavarapu PhD
Hoover CLFR plant with same annual power  Output as Hoover Dam
Ausra CSP vs Hydro ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Operating Status of SEGS Parabolic Trough  Plants 13 TWhe Solar Thermal Power since 1986
The CSP Technologies Towers Troughs Dishes
Dish-Engine www.stirlingenergy.com
Power Towers Solar Two, 10MW, Barstow, CA
Parabolic Troughs Solar Electric Generating Stations, 354MW, Boron and Harper Lake, CA
CLFR
A 5MWt CLFR collector 100’ x 1000’
Ausra CLFR ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Liddell Project
Solar Thermal Power Plant Copyright © Ausra, Inc. 2007 280C 50bar Up to 20 hours energy storage Increase capacity factor by building larger solar field.  Basic 180MW plant is 640 acres
Solar Correlates with the Load Solar Highly Correlated with CA loads Timeshifted a few hours Very predictable and steady (10%) Demand Generation Larger Solar Array “ Clipped” At Max Output Power More Hours of Peak Load Served
Time-Of-Day Pricing ,[object Object],[object Object],[object Object],[object Object],[object Object]
Storage is Essential ,[object Object],[object Object],[object Object]
Storage For Time-shifting ,[object Object],[object Object],[object Object],Time of Day Plant Output 6 AM  9 AM  12 PM  3 PM  6 PM  9 PM To Storage Direct Solar From Storage Direct Solar Direct Solar From Storage
CA Electric Power Black and Veatch, Economic, Environmental, and Energy Benefits of Concentrating Solar Power in California, April 2006; PV  www.solarbuzz.com   DPT  Luz2 250. 200. 25% 0 1 PV, 2006 45.0 45.0 65% n/a 1500 Pulverized Coal, BASE 120 107 25.0% 0 150 Luz2 DPT 150MW 134.0 120.0 40.4% 6 150 Parabolic Trough 2011 173.0 154.0 28.4% 0 100 Parabolic Trough  104.0 104.0 40.0% n/a 500 Combined Cycle Gas, INTERMEDIATE 168.0 168.0 10.0% n/a 85 Simple Cycle Gas, PEAKING Nom LEC,  10%ITC Nom LEC,  30%ITC Capacity Factor Storage,  hours Capacity, MW  
Solar Baseload Pricing Solar Peaking Pricing
Solar Baseload Pricing Solar Peaking Pricing Trough 2007 DPT 2007 Trough 2011 DPT 2011 VK 2011
Net Impact of Time-Of-Day (Including Thermal Storage) Trough 2007 Trough 2011 Solar Baseload Pricing Solar Peaking Pricing DPT 2007 DPT 2011 VK 2011
Key Issues for Thermal CSP ,[object Object],[object Object],[object Object],[object Object]
Poised for  Breakaway Growth ? ,[object Object],[object Object],[object Object],[object Object]
Policy Needs? ,[object Object],[object Object],[object Object],[object Object]
Power to the Nation: HVDC
A New Federal Subsidy Program ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],http://www.freetrade.org/pubs/pas/tpa-032es.html http://www.mrm.mms.gov/Stats/pdfdocs/cr99.pdf
Renewable Energy  Economics   Benefits of a 20% by 2020 RES ,[object Object],[object Object],[object Object],[object Object]
…  with positive  local  impact ,[object Object],[object Object],[object Object],[object Object],Source: Black & Veatch, 3/06
… and our greatest  opportunity ,[object Object],[object Object],[object Object]
Geothermal Potential Source: Matthew Clyne, Black Mountain Technology, MIT 7,188,200 MWe 12¢ kW/hr 1,251,351 MWe 10¢ kW/hr Geothermal Potential in the United States
EGS Technology How it works
… or get to  work
Biofuels  Think Outside the Barrel
Implausible Assertions? ,[object Object],[object Object],[object Object],[object Object],[object Object]
RISK: Oil vs. Hydrogen vs. Ethanol Source: Khosla High Low Low Low Low Med Low Low Low Low Low Med Med-High Very Low Very Low Very Low Very High Very High Very High Very High Very High Very High Med-Low High High ? - Energy Security Risk Cost per Mile Infrastructure Cost Technology Risk Environmental Cost Implementation Risk Interest Group Opposition Political Difficulty Time to Impact Low Med-Low Very High Low Very High Very Low Low High Very High Low High ? Low Very high - Med Very High Very Low Low Very High Very Low Low Med-High Med Low Low High Biofuels Hydrogen Oil
OPEC’s Economic Effects Source: Coghill Capital Management
[object Object],[object Object],E85 Market Additive Market
What’s  Possible Replace most of our imported oil in twenty years! 139.0 14.6 124.4 49 23.1 2027 39.4 14.6 24.8 19 12.5 2017 16.5 12.0 4.4 5 8.9 2012 Total Ethanol (billion gals) Corn Ethanol (billion gals) Cellulosic Ethanol (billion gals) Acres Planted (millions) Biomass Yield Tons/acre Year
Area to replace  GASOLINE  in USA 50m Acres replaces all our gasoline!
Why Now? Projected World Oil Prices (EIA) Source: EIA Reports Alternative Technology Viability Zone
Energy Balance Not Your Father’s Ethanol Source: NRDC ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],NRDC Report - “Ethanol: Energy Well Spent” ,[object Object]
Brazil sugar-cane/ethanol learning curve  Liters of ethanol produced per hectacre since between 1975 to 2004 30,000??
Technology Progression Corn Cellulosic Bioethanol Algae Synthetic Biorefinery Gasification Synthetic Biology Thermochemical Energy crops ,[object Object],Bioengineering Fuel Chemistry Plant Breeding Computational Modeling Systems Biology ?
Energy Crops:  Miscanthus 20 tons/acre? ( www.bical.net ) 10-30 tons/acre (www.aces.uiuc.edu/DSI/MASGC.pdf) 1 years growth without replanting! ,[object Object],[object Object]
Energy Crops:  Sorghum 25 tons/acre (Prof. Holtzapple- Texas A&M)
The perennial advantage ,[object Object]
Biomass  Will  Make a Difference Turning South Dakota into… … a member of OPEC?! Farm acres Tons/acre Gallons/ton Thousand barrels/day Today Tomorrow 44 Million 5 60 857 44 Million 15 80 3,429 Iraq Kuwait Libya Nigeria Thousand barrels/day 1,700 2,600 1,650 2,200 Qatar Saudi Arabia UAE 800 9,400 2,500 South Dakota 3,429 Iran 3,900 Venezuela 2,500 Algeria 1,380 Indonesia 925 Source: Ceres Company Presentation
Conservative Cellulosic (24tpy/108gpt) Sugar Cane + Baggasse   (11 tpy/102gpt) Corn, Cellulose, Cane Today   Large Improvements Are Visible Brazil  Energy Cane Cellulosic   (10tpy/100gpt) Biodiesel
Myths  Galore! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
My Favorite FFV . . . SAAB 9-5 with E85 ,[object Object]
A  Darwinian  IQ Test? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DOE went looking for 3 projects…
Lots of variability… 101 40 4.5 Thermo Range 78 18 10.5 Bio Iogen 112 31 6.1 Bio Broin 82 19 5.0 Bio Bluefire 55 14 5.6 Hybrid Alico 49 11 15.8 Bio Abengoa Yield/ton Capacity (MGPY) CapX/G ($) Tech Company
“ The War on Oil”   … weapons from the “innovation ecosystem”
Biofuels Feedstocks & Pathways … Mixalco Process Glycerin Natural Oils BioDiesel (FAME or FAEE) Methanol/Ethanol Gasification Syngas Syngas Fermentation Ethanol BTL Diesel Mixed Higher Alcohol Methane Microbial cultures Dimethylfuran Gasoline, Diesel, Hydrocarbons Ethanol, Butanol, Renewable Petroleum FermDiesel Sugars/ Starch Fermentation Biogasoline ETG via catalysis C6, C5 Sugars Biomass Cellulose/ Hemicellulose Acid or Enzyme Hydrolysis Saccharification Fermentation Ethanol Algae + Sunlight – CO2  Cell Mass Hydrocracking Waste Fischer-Tropspch catalysis BioDiesel (FAME or FAEE) Catalytic Conversion Butanol Diesel Transesterification Catalysis and Aqueous phase Reforming
Mixalco Process Glycerin Natural Oils BioDiesel (FAME or FAEE) Methanol/Ethanol Gasification Syngas Syngas Fermentation Ethanol BTL Diesel Mixed Higher Alcohol Methane Microbial cultures Dimethylfuran Gasoline, Diesel, Hydrocarbons Ethanol, Butanol, Renewable Petroleum FermDiesel Sugars/ Starch Fermentation Biogasoline ETG via catalysis C6, C5 Sugars Biomass Cellulose/ Hemicellulose Acid or Enzyme Hydrolysis Saccharification Fermentation Ethanol Algae + Sunlight – CO2  Cell Mass Hydrocracking Waste Fischer-Tropspch catalysis BioDiesel (FAME or FAEE) Catalytic Conversion Butanol Diesel Catalysis and Aqueous phase Reforming Transesterification Increasing  Technological Difficulty Feedstock Supply Volume Biofuels Feedstocks & Pathways … Feed Cost
Vegetable oil Sugar/starch Algae ,[object Object],[object Object],[object Object],Fatty acid esters (biodiesel) Diesel Ethanol Butanol Diesel/gasoline “ Biocrude” “ Biocrude” Lipids Fatty acid esters Ethanol Ethanol Mixed alcohols Fuel oil/diesel Fuel oil Ethanol Ethanol transesterification hydrocracking dry mill yeast fermentation Ethanol ethlyacetate production/hydrocracking bacterial fermentation Synthetic biology/fermentation Aqueous phase reforming growth with CO2 and light/ transesterification of hydrocracking enzyme hydrolysis/fermentation gasification/catalysis or  syngas fermentation  biopile fermentation/catalysis Catalysis/pyrolysis acid hydrolysis/fermentation CO fermentation thermal depolymerization Diesel/gasoline Companies involved in  feedstock improvement Monsanto DuPont Syngenta Allelyx CanaVialis Mendel Biotechnology Ceres Bical Energy Agrivida Edenspace Teri Praj ,[object Object],[object Object],[object Object],[object Object],[object Object],LanzaTech Changing World Technologies Imperium Renewables, FutureFuel, etc.  Cilion, Altra Verasun, Aventine, etc. Poet BP-DuPont Biofuels Gevo Advanced Biofuels Green Biologics Cobalt Amyris Biotechnologies LS9 GreenFuel Aurora Biofuels LiveFuels PetroSun Mascoma Verenium Iogen, Abengoa Bioenergy, Poet, SunEthanol, TMO BlueFire Ethanol RangeFuels Coskata BRI Energy Terrabon BIOeCON, FES Choren ZeaChem Virent Energy Systems
The Near Future… Mixalco Process Glycerin Transesterification Natural Oils BioDiesel (FAME or FAEE) Methanol/Ethanol Gasification Syngas Syngas Fermentation Ethanol BTL Diesel Methane Microbial cultures Dimethylfuran Catalysis and Aqueous phase Reforming Gasoline, Diesel, Hydrocarbons Ethanol, Butanol, Renewable Petroleum FermDiesel Sugars/ Starch Fermentation Biogasoline ETG via catalysis C6, C5 Sugars Biomass Cellulose/ Hemicellulose Acid or Enzyme Hydrolysis Saccharification Fermentation Ethanol Algae + Sunlight – CO 2  Cell Mass Hydrocracking Waste Fischer-Tropspch catalysis BioDiesel (FAME or FAEE) Catalytic Conversion Increasing  Technological Difficulty Feedstock Supply Volume Ethanol – Sugar Fermentation Ethanol – Cellulose Hydrolysis Fermentation  Biodiesel, Ethanol – FT and Catalysis  Ethanol – Syngas Fermentation  Biodiesel Dimethylfuran –Catalysis Gasoline/Diesel – Aqueous Reforming  Biodiesel - Algae  Methane – Microbial Cultures  Higher Alcohols – Mixalco Process  Mixed Higher Alcohol Gevo Fermdiesel, Butanol  Feed Cost
Story Time … or news from the frontlines
 
 
Trash… Or Treasure? Range is working to transform this into ethanol!
Southeastern U.S. Potential ,[object Object],[object Object]
 
 
Potential of Synthetic Biology Synthetic Biology Recombinant Small Molecule Bio-Synthetic Pathway Gene 4 Gene 2 Gene 1 Gene 3 Gene 1 Artimisinin Source of genes Custom-Built Microbe Fermentation Diesel Synthetic Biology  = Fermentation Diesel X Anti-Malarial
Hydrocarbon Biosynthesis: Nature’s Energy Storage Designer Hydrocarbons Metabolic modeling + Synthetic biology Renewable Feedstock LS9 Designer Biofuels & Chemicals X X X X X X X X >90% Energetic Yield From Feedstock Hydrocarbons
Butanol, the old fashioned way…
CO 2   ethanol    lactate acetone formate  hydrogen . . . Biomass  Hydrolysate BUTANOL A recombinant strains containing a butanol pathway produces  butanol  in addition to  other products . Metabolic Engineering
Biomass  Hydrolysate X X X X X Classical and genetic techniques are used to improve  butanol  tolerance. BUTANOL X X X Metabolic Engineering
[object Object],[object Object],[object Object],[object Object],[object Object],Cellulosic Biofuels Status President sets 35b gallon goal!
… and this is just the beginning … imagine the map in  2017 ! Believe in the “innovation ecosystem” that  brought you free long distance!
A Potential Trajectory … … driven by the “innovation” ecosystem of scientists, technologists, entrepreneurs
Biohol Trajectory
Farmers Are Driven By Economics Per acre economics of dedicated biomass crops   vs. traditional row crops Source: Ceres Company Presentation/ Khosla Ventures $66 $36 Amortized fixed costs $637 $525 Total revenue $35 $35 Biomass price ($/ton) 2 15 Biomass yield (tons) $3.50 N/A Grain price ($/bushel) 162 N/A Grain yield (bushel) $168 $84 Variable costs $403 $405 Net return Corn Biomass
Biomass Yields? ,[object Object],[object Object],[object Object],[object Object],[object Object],… we could meet US gasoline demand on about 50m acres
Miscanthus Farming  vs. Corn/Soybean   Miscanthus is far more profitable than a corn/soy rotation!
Biomass, Geopolitics & Poverty Biomass & Poverty Belt
Monoculture or Polyculture  (Grass Cocktail)  A study from the University of Minnesota suggests…   ,[object Object],[object Object],[object Object],… sustainable and high yield strategies for low impact polyculture biomass exists … richer soils, less land, more biodiversity
Ethanol  Subsidies ,[object Object],[object Object],…  declining “net” subsidies  … right thing for the wrong reason: declining farm subsidies
Simple Action Items ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],...ensuring investors long term demand and oil price stability
We can cut fuel  consumption in half!
The Possible at “NORMAL” Margins! June 2006, Aberdeen , South Dakota ,[object Object]
Generic Approach ,[object Object],[object Object],[object Object],[object Object],[object Object]
… the chindia test only scalable if competitive unsubsidized
… the scaling model brute force or exponential, distributed…
… investments  or  climate solutions ? wind photovoltaics biodesel hybrids
…” relevant scale ” solutions for ,[object Object],[object Object],[object Object],[object Object]
… pragmentalists  vs  idealists
or… the lesser evil Which Risk for oil & coal ?
or… Solutions (they exist) Denial  to  Despair ?
…biases ,[object Object],[object Object],[object Object],[object Object]
Subsidies: Oil or Ethanol? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Oil subsidies dwarf those of ethanol!
Hybrids or Ethanol? Ethanol is a far cheaper and more scalable solution! 20-30% Oil reduction High Impact to automakers Battery breakthrough Scalability $5000 Cost 20-30% Carbon reduction Hybrid 90% Low Cellulosic Breakthrough $50 20-30% Corn Ethanol
Hybrid or FFV? FFV’s offer a more-effective solution! 157 Gasoline Savings (11000 m/yr; 14mpg) $3000 Cost Hybrid 477 $30 FFV
Biodiesel vs. Ethanol vs. Cellulosic Diesel Trajectory Matters! High 2010 Production Cost Poor Sustainability (2030) Poor Technology High  (@ $45 oil price) Unsubsidized 10 yr market competitiveness Poor Product Quality 600-900 Scalability (2030 Gallons/acre) 80% Carbon reduction – 2010 80% Carbon reduction - 2006 “ Classic” Biodiesel Med-Low High Improving Excellent (@ $45 oil price) Good 2500 (cellulosic) 80% 20-30% Ethanol Med-Low High Nascent Excellent (@ $45 oil price) Good 2500 (cellulosic) 80% Not Available Cellulosic Diesel
[object Object],[object Object],[object Object],Is There a Food vs. Fuel Issue? …  real issue or oil industry PR campaign? … why have developing countries been pushing for lower farm subsides?
 
BioPlastics  – the next cycle?
Applications of BioPlastics
Competitive Landscape Source: Sustainable chemicals Report – Chevreux
Plenty of Markets! Source: Sustainable chemicals Report – Chevreux
Plenty of Upside! Source: Sustainable chemicals Report – Chevreux
...replaced all 300 Billion lbs of plastics ?   …how much land would it take?
Oil Refinery Concept
Bio-Refinery Concept
Twelve Platform Chemicals Succinic Acid FDCA 3-HP Aspartic Acid Glucanic Acid Glutamic Acid Itaconic Acid Levulinic Acid 3-HDL Glycerol Sorbitol Xylitol
Hieroglyphic Writings… A specimen of an  Egyptian  language writing ca. 530 B.C.  ca. 2000 A.D.  A version of graphic representation of  “ Top 12 DOE platform chemicals from glucose” letters    syllables    words    poems
Enabling Renewable Value Chains for  Sustainable Chemical Industry Renewable Feedstocks (crops & forestry) Industrial  Bioproducts New Industrial  Bioproducts Triglycerides (vegetable oils) Soybean, Linseed,  Corn, Canola Carbohydrates Starch Sucrose Cellulose/Wood Bioplastics Specialty polymers  Polymer additives Performance  Surfactants Adhesives Coalescent Solvents Other Biodiesel Compound set A Compound set B Fuel ethanol Compound C Other Products Technologies: Synergy of Renewable  Feedstocks
…bottled water renewable???
3-hydroxypropionic acid 1,3-propanediol EEP acrylamide acrylic acid malonic acid poly(hydroxypropionate) dehydration oxidation hydrogenation
3-HP Derivatives
Succinic Acid as a Platform Succinic Acid Sources: MBI, Zeikus, et.al 1999; Sado, et.al, 1980; Dake, et.al. 1987 THF 1,4-Butanediol Polyurethanes Aliphatic Polyesters Polycarbonates PBT Polycarbonate/PBT Blends Solvents New TPE’s Salt Replacements Crop Growth Promoters N-Methyl Pyrolidone Adipic Acid Hexanediamine Nylon
Succinic Acid Derivatives
Lactic Acid As a Platform Lactic Acid PLA Propylene Glycol Acrylic Acid Lactate Esters Solvents Polyacrylic Acid Polyurethanes Polyesters Polycarbonates Propylene Oxide Epoxides Chiral Synthons New Amino Acids Pharmaceutical Precursors High Performance Materials TPE’s Resins Food  Additives
PLA Derivatives
Levulinic Acid Derivatives
DuPont Sorona http://www.azom.com/images/dn_photo_swim229x275.jpg DuPont Sorona http://www.dupont.com/corp/news/daily/images/dn_photo_sorona270x270.jpg  DuPont Sonona http://www.jobwerx.com/images/DuPont_sorona_apparel.jpg DuPont Sorona polymer; part of polymer is 1,3-propanediol from fermentation
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],A  Change  of Paradigm Old New Catalyst Solvent System Raw Material Source Harmful Impacts Production Risk Energy _ Sustainability Water Renewable Low to no negative impacts Lower inherent risk Renewable energy Cross discipline team A new attribute
Societal  Cost  of Hydrocarbons ,[object Object],[object Object],[object Object],[object Object],Source: Coghill Capital Management
[object Object],[object Object],[object Object],[object Object],[object Object],Source: Coghill Capital Management  Societal  Cost  of Hydrocarbons (Continued)
[object Object],[object Object],[object Object],[object Object],Source: Coghill Capital Management  Societal  Cost  of Hydrocarbons (Continued)
What Are Fossil Fuels’ Externalities? Source: Coghill Capital Management  High Medium Low Fossil Fuel Costs (Billions $USD) $640.30 $365.00 $88.10 Total Fossil Fuel Costs $450.00 $237.00 $24.03 Healthcare Treatment and Mortality from Pollution $93.30 $53.00 $14.80 Environmental Monitoring and Clean Up $100.00 $75.00 $49.00 Military Base and Supply Route Security
What Are Fossil Fuels’ Externalities? (continued) ,[object Object],[object Object],[object Object],[object Object],Source: Coghill Capital Management Natural Gas (mmcf) Crude Oil (Barrel) Coal (Short ton) The Effect on Consumers $6.80 $60 $20.49 2006 Ave. Cost $2.74 $26.68 $93.83 Mid-Societal Cost $9.54 $86.68 $114.32 Total Cost/ Unit $0.0235 c/kWh $1.54 per gallon $0.0454 c/kWh Consumer Increase

More Related Content

What's hot

Economic benefits of hydropower compared to other power
Economic benefits of hydropower compared to other powerEconomic benefits of hydropower compared to other power
Economic benefits of hydropower compared to other powerChris Russell
 
I Grew Up Shoveling Coal By Tom Hayden
I Grew Up Shoveling Coal By Tom HaydenI Grew Up Shoveling Coal By Tom Hayden
I Grew Up Shoveling Coal By Tom HaydenTom Hayden
 
Ottawa U - Deploying 5G networks
Ottawa U - Deploying 5G networksOttawa U - Deploying 5G networks
Ottawa U - Deploying 5G networksBill St. Arnaud
 
Alternative Energy Market pt 4
Alternative Energy Market pt 4Alternative Energy Market pt 4
Alternative Energy Market pt 4Monika Somogyi
 
Learn Share Act!
Learn Share Act!Learn Share Act!
Learn Share Act!guesta3c88
 
Building a Sustainable World
Building a Sustainable WorldBuilding a Sustainable World
Building a Sustainable WorldRobert Cormia
 
Building a Sustainable World
Building a Sustainable WorldBuilding a Sustainable World
Building a Sustainable WorldRobert Cormia
 
The Future of Electricity in the Energy System of the Future
The Future of Electricity in the Energy System of the FutureThe Future of Electricity in the Energy System of the Future
The Future of Electricity in the Energy System of the FutureLeonardo ENERGY
 
The conference story 106012 v3
The conference story 106012 v3The conference story 106012 v3
The conference story 106012 v3aarthianand
 
Future of renewable energy sources
Future of renewable energy sourcesFuture of renewable energy sources
Future of renewable energy sourcesHimanshu Paghdal
 
IT Benefits of Climate Change to Canada
IT Benefits of Climate Change to CanadaIT Benefits of Climate Change to Canada
IT Benefits of Climate Change to CanadaBill St. Arnaud
 
DG - Energy Security
DG -  Energy SecurityDG -  Energy Security
DG - Energy Securitymikeantheil
 
Waste to Energy pt 3 of 5
Waste to Energy pt 3 of 5Waste to Energy pt 3 of 5
Waste to Energy pt 3 of 5Monika Somogyi
 
Net Zero CO2 or Economic Depression
Net Zero CO2 or Economic DepressionNet Zero CO2 or Economic Depression
Net Zero CO2 or Economic DepressionPaul H. Carr
 

What's hot (20)

Confusion about Renewable Energy
Confusion about Renewable EnergyConfusion about Renewable Energy
Confusion about Renewable Energy
 
Economic benefits of hydropower compared to other power
Economic benefits of hydropower compared to other powerEconomic benefits of hydropower compared to other power
Economic benefits of hydropower compared to other power
 
I Grew Up Shoveling Coal By Tom Hayden
I Grew Up Shoveling Coal By Tom HaydenI Grew Up Shoveling Coal By Tom Hayden
I Grew Up Shoveling Coal By Tom Hayden
 
Ottawa U - Deploying 5G networks
Ottawa U - Deploying 5G networksOttawa U - Deploying 5G networks
Ottawa U - Deploying 5G networks
 
Alternative Energy Market pt 4
Alternative Energy Market pt 4Alternative Energy Market pt 4
Alternative Energy Market pt 4
 
JISC April 10
JISC April 10JISC April 10
JISC April 10
 
Learn Share Act!
Learn Share Act!Learn Share Act!
Learn Share Act!
 
Building a Sustainable World
Building a Sustainable WorldBuilding a Sustainable World
Building a Sustainable World
 
Building a Sustainable World
Building a Sustainable WorldBuilding a Sustainable World
Building a Sustainable World
 
Green Energy
Green EnergyGreen Energy
Green Energy
 
The Future of Electricity in the Energy System of the Future
The Future of Electricity in the Energy System of the FutureThe Future of Electricity in the Energy System of the Future
The Future of Electricity in the Energy System of the Future
 
The conference story 106012 v3
The conference story 106012 v3The conference story 106012 v3
The conference story 106012 v3
 
Future of renewable energy sources
Future of renewable energy sourcesFuture of renewable energy sources
Future of renewable energy sources
 
Green energy
Green energyGreen energy
Green energy
 
GreenDrivingsmall
GreenDrivingsmallGreenDrivingsmall
GreenDrivingsmall
 
Thorium
ThoriumThorium
Thorium
 
IT Benefits of Climate Change to Canada
IT Benefits of Climate Change to CanadaIT Benefits of Climate Change to Canada
IT Benefits of Climate Change to Canada
 
DG - Energy Security
DG -  Energy SecurityDG -  Energy Security
DG - Energy Security
 
Waste to Energy pt 3 of 5
Waste to Energy pt 3 of 5Waste to Energy pt 3 of 5
Waste to Energy pt 3 of 5
 
Net Zero CO2 or Economic Depression
Net Zero CO2 or Economic DepressionNet Zero CO2 or Economic Depression
Net Zero CO2 or Economic Depression
 

Similar to Khosla9.25.07

Technology and Policies are Available to Save Our Environment.
Technology and Policies are Available to Save Our Environment.Technology and Policies are Available to Save Our Environment.
Technology and Policies are Available to Save Our Environment.Paul H. Carr
 
What in the world is going on comp
What in the world is going on compWhat in the world is going on comp
What in the world is going on compafyke
 
SiS Biofuels O Connell 2007
SiS Biofuels O Connell 2007SiS Biofuels O Connell 2007
SiS Biofuels O Connell 2007guestb40d60
 
Business out of Climate Change
Business out of Climate ChangeBusiness out of Climate Change
Business out of Climate ChangePranab Baruah
 
The Search For Alternative Energy
The Search For Alternative EnergyThe Search For Alternative Energy
The Search For Alternative Energytclythgoe84
 
Ten steps to turn around global climate change.
Ten steps to turn around global climate change.Ten steps to turn around global climate change.
Ten steps to turn around global climate change.Frank Catanzaro
 
Association for Study of Peak Oil
Association for Study of Peak OilAssociation for Study of Peak Oil
Association for Study of Peak OilGuy Dauncey
 
CALSTART Emerging Alternative Fuel Vehicle Technology
CALSTART  Emerging Alternative Fuel Vehicle TechnologyCALSTART  Emerging Alternative Fuel Vehicle Technology
CALSTART Emerging Alternative Fuel Vehicle TechnologyCALSTART
 
The Future Of Renewable Energy And RE Policy Mechanisms
 The Future Of Renewable Energy And RE Policy Mechanisms The Future Of Renewable Energy And RE Policy Mechanisms
The Future Of Renewable Energy And RE Policy MechanismsSheri Elliott
 
Sam Baldwin | CSP, PV and a Renewable Future
Sam Baldwin | CSP, PV and a Renewable FutureSam Baldwin | CSP, PV and a Renewable Future
Sam Baldwin | CSP, PV and a Renewable FutureGW Solar Institute
 
Impact of Climate Change on Tourism in Canada
Impact of Climate Change on Tourism in CanadaImpact of Climate Change on Tourism in Canada
Impact of Climate Change on Tourism in CanadaAnna Pollock
 
Geo350 Oct 24 Event Presentation
Geo350 Oct 24 Event  PresentationGeo350 Oct 24 Event  Presentation
Geo350 Oct 24 Event PresentationGEO350
 
Sustainability, climate neutral leadership, jim merkel
Sustainability, climate neutral leadership, jim merkelSustainability, climate neutral leadership, jim merkel
Sustainability, climate neutral leadership, jim merkelJim Merkel
 
How To Avoid A Climate Disaster : Book Summary
How To Avoid A Climate Disaster : Book SummaryHow To Avoid A Climate Disaster : Book Summary
How To Avoid A Climate Disaster : Book SummaryPrasad Kaushik
 
Alternative Energy Primer
Alternative Energy PrimerAlternative Energy Primer
Alternative Energy Primerjoepater
 

Similar to Khosla9.25.07 (19)

Technology and Policies are Available to Save Our Environment.
Technology and Policies are Available to Save Our Environment.Technology and Policies are Available to Save Our Environment.
Technology and Policies are Available to Save Our Environment.
 
What in the world is going on comp
What in the world is going on compWhat in the world is going on comp
What in the world is going on comp
 
SiS Biofuels O Connell 2007
SiS Biofuels O Connell 2007SiS Biofuels O Connell 2007
SiS Biofuels O Connell 2007
 
Business out of Climate Change
Business out of Climate ChangeBusiness out of Climate Change
Business out of Climate Change
 
The Search For Alternative Energy
The Search For Alternative EnergyThe Search For Alternative Energy
The Search For Alternative Energy
 
Ten steps to turn around global climate change.
Ten steps to turn around global climate change.Ten steps to turn around global climate change.
Ten steps to turn around global climate change.
 
Association for Study of Peak Oil
Association for Study of Peak OilAssociation for Study of Peak Oil
Association for Study of Peak Oil
 
Richmondmtg.Aug2008
Richmondmtg.Aug2008Richmondmtg.Aug2008
Richmondmtg.Aug2008
 
Bda Barossa 8th April
Bda Barossa 8th AprilBda Barossa 8th April
Bda Barossa 8th April
 
Renewable Energy Essays
Renewable Energy EssaysRenewable Energy Essays
Renewable Energy Essays
 
CALSTART Emerging Alternative Fuel Vehicle Technology
CALSTART  Emerging Alternative Fuel Vehicle TechnologyCALSTART  Emerging Alternative Fuel Vehicle Technology
CALSTART Emerging Alternative Fuel Vehicle Technology
 
The Future Of Renewable Energy And RE Policy Mechanisms
 The Future Of Renewable Energy And RE Policy Mechanisms The Future Of Renewable Energy And RE Policy Mechanisms
The Future Of Renewable Energy And RE Policy Mechanisms
 
Sam Baldwin | CSP, PV and a Renewable Future
Sam Baldwin | CSP, PV and a Renewable FutureSam Baldwin | CSP, PV and a Renewable Future
Sam Baldwin | CSP, PV and a Renewable Future
 
Apollo programme report
Apollo programme reportApollo programme report
Apollo programme report
 
Impact of Climate Change on Tourism in Canada
Impact of Climate Change on Tourism in CanadaImpact of Climate Change on Tourism in Canada
Impact of Climate Change on Tourism in Canada
 
Geo350 Oct 24 Event Presentation
Geo350 Oct 24 Event  PresentationGeo350 Oct 24 Event  Presentation
Geo350 Oct 24 Event Presentation
 
Sustainability, climate neutral leadership, jim merkel
Sustainability, climate neutral leadership, jim merkelSustainability, climate neutral leadership, jim merkel
Sustainability, climate neutral leadership, jim merkel
 
How To Avoid A Climate Disaster : Book Summary
How To Avoid A Climate Disaster : Book SummaryHow To Avoid A Climate Disaster : Book Summary
How To Avoid A Climate Disaster : Book Summary
 
Alternative Energy Primer
Alternative Energy PrimerAlternative Energy Primer
Alternative Energy Primer
 

Recently uploaded

Landscape Catalogue 2024 Australia-1.pdf
Landscape Catalogue 2024 Australia-1.pdfLandscape Catalogue 2024 Australia-1.pdf
Landscape Catalogue 2024 Australia-1.pdfAarwolf Industries LLC
 
Connecting the Dots for Information Discovery.pdf
Connecting the Dots for Information Discovery.pdfConnecting the Dots for Information Discovery.pdf
Connecting the Dots for Information Discovery.pdfNeo4j
 
Decarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityDecarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityIES VE
 
React JS; all concepts. Contains React Features, JSX, functional & Class comp...
React JS; all concepts. Contains React Features, JSX, functional & Class comp...React JS; all concepts. Contains React Features, JSX, functional & Class comp...
React JS; all concepts. Contains React Features, JSX, functional & Class comp...Karmanjay Verma
 
UiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPathCommunity
 
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS:  6 Ways to Automate Your Data IntegrationBridging Between CAD & GIS:  6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integrationmarketing932765
 
Kuma Meshes Part I - The basics - A tutorial
Kuma Meshes Part I - The basics - A tutorialKuma Meshes Part I - The basics - A tutorial
Kuma Meshes Part I - The basics - A tutorialJoão Esperancinha
 
Digital Tools & AI in Career Development
Digital Tools & AI in Career DevelopmentDigital Tools & AI in Career Development
Digital Tools & AI in Career DevelopmentMahmoud Rabie
 
Zeshan Sattar- Assessing the skill requirements and industry expectations for...
Zeshan Sattar- Assessing the skill requirements and industry expectations for...Zeshan Sattar- Assessing the skill requirements and industry expectations for...
Zeshan Sattar- Assessing the skill requirements and industry expectations for...itnewsafrica
 
Microservices, Docker deploy and Microservices source code in C#
Microservices, Docker deploy and Microservices source code in C#Microservices, Docker deploy and Microservices source code in C#
Microservices, Docker deploy and Microservices source code in C#Karmanjay Verma
 
Generative AI - Gitex v1Generative AI - Gitex v1.pptx
Generative AI - Gitex v1Generative AI - Gitex v1.pptxGenerative AI - Gitex v1Generative AI - Gitex v1.pptx
Generative AI - Gitex v1Generative AI - Gitex v1.pptxfnnc6jmgwh
 
Long journey of Ruby standard library at RubyConf AU 2024
Long journey of Ruby standard library at RubyConf AU 2024Long journey of Ruby standard library at RubyConf AU 2024
Long journey of Ruby standard library at RubyConf AU 2024Hiroshi SHIBATA
 
QCon London: Mastering long-running processes in modern architectures
QCon London: Mastering long-running processes in modern architecturesQCon London: Mastering long-running processes in modern architectures
QCon London: Mastering long-running processes in modern architecturesBernd Ruecker
 
Testing tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesTesting tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesKari Kakkonen
 
Design pattern talk by Kaya Weers - 2024 (v2)
Design pattern talk by Kaya Weers - 2024 (v2)Design pattern talk by Kaya Weers - 2024 (v2)
Design pattern talk by Kaya Weers - 2024 (v2)Kaya Weers
 
Modern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
Modern Roaming for Notes and Nomad – Cheaper Faster Better StrongerModern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
Modern Roaming for Notes and Nomad – Cheaper Faster Better Strongerpanagenda
 
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Mark Simos
 
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...Wes McKinney
 
Genislab builds better products and faster go-to-market with Lean project man...
Genislab builds better products and faster go-to-market with Lean project man...Genislab builds better products and faster go-to-market with Lean project man...
Genislab builds better products and faster go-to-market with Lean project man...Farhan Tariq
 
A Framework for Development in the AI Age
A Framework for Development in the AI AgeA Framework for Development in the AI Age
A Framework for Development in the AI AgeCprime
 

Recently uploaded (20)

Landscape Catalogue 2024 Australia-1.pdf
Landscape Catalogue 2024 Australia-1.pdfLandscape Catalogue 2024 Australia-1.pdf
Landscape Catalogue 2024 Australia-1.pdf
 
Connecting the Dots for Information Discovery.pdf
Connecting the Dots for Information Discovery.pdfConnecting the Dots for Information Discovery.pdf
Connecting the Dots for Information Discovery.pdf
 
Decarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityDecarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a reality
 
React JS; all concepts. Contains React Features, JSX, functional & Class comp...
React JS; all concepts. Contains React Features, JSX, functional & Class comp...React JS; all concepts. Contains React Features, JSX, functional & Class comp...
React JS; all concepts. Contains React Features, JSX, functional & Class comp...
 
UiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to Hero
 
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS:  6 Ways to Automate Your Data IntegrationBridging Between CAD & GIS:  6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
 
Kuma Meshes Part I - The basics - A tutorial
Kuma Meshes Part I - The basics - A tutorialKuma Meshes Part I - The basics - A tutorial
Kuma Meshes Part I - The basics - A tutorial
 
Digital Tools & AI in Career Development
Digital Tools & AI in Career DevelopmentDigital Tools & AI in Career Development
Digital Tools & AI in Career Development
 
Zeshan Sattar- Assessing the skill requirements and industry expectations for...
Zeshan Sattar- Assessing the skill requirements and industry expectations for...Zeshan Sattar- Assessing the skill requirements and industry expectations for...
Zeshan Sattar- Assessing the skill requirements and industry expectations for...
 
Microservices, Docker deploy and Microservices source code in C#
Microservices, Docker deploy and Microservices source code in C#Microservices, Docker deploy and Microservices source code in C#
Microservices, Docker deploy and Microservices source code in C#
 
Generative AI - Gitex v1Generative AI - Gitex v1.pptx
Generative AI - Gitex v1Generative AI - Gitex v1.pptxGenerative AI - Gitex v1Generative AI - Gitex v1.pptx
Generative AI - Gitex v1Generative AI - Gitex v1.pptx
 
Long journey of Ruby standard library at RubyConf AU 2024
Long journey of Ruby standard library at RubyConf AU 2024Long journey of Ruby standard library at RubyConf AU 2024
Long journey of Ruby standard library at RubyConf AU 2024
 
QCon London: Mastering long-running processes in modern architectures
QCon London: Mastering long-running processes in modern architecturesQCon London: Mastering long-running processes in modern architectures
QCon London: Mastering long-running processes in modern architectures
 
Testing tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesTesting tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examples
 
Design pattern talk by Kaya Weers - 2024 (v2)
Design pattern talk by Kaya Weers - 2024 (v2)Design pattern talk by Kaya Weers - 2024 (v2)
Design pattern talk by Kaya Weers - 2024 (v2)
 
Modern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
Modern Roaming for Notes and Nomad – Cheaper Faster Better StrongerModern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
Modern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
 
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
 
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
 
Genislab builds better products and faster go-to-market with Lean project man...
Genislab builds better products and faster go-to-market with Lean project man...Genislab builds better products and faster go-to-market with Lean project man...
Genislab builds better products and faster go-to-market with Lean project man...
 
A Framework for Development in the AI Age
A Framework for Development in the AI AgeA Framework for Development in the AI Age
A Framework for Development in the AI Age
 

Khosla9.25.07

  • 1. … mostly convenient truths Vinod Khosla Khosla Ventures September 2007 from a technology optimist
  • 2.
  • 4. Safe or Not ? Source: IPCC Hurricanes Fires, Floods Extinctions System Losses 600 M Displaced Flooding NY Flooded Catastrophe Planet Crash 450ppm 550ppm 650ppm
  • 5. Arctic Meltdown www.usgcrp.gov 24 Years Later
  • 6. Roger Braithwaite, University of Manchester Greenland Meltdown
  • 7. Increasing Melt Area on Greenland All melt records were exceeded in 2005. Waleed Abdalati, Goddard Space Flight Center Greenland Meltdown
  • 8. Greenland Takes Out FL, NJ, NYC http://www.solar2006.org/presentations/plenaries/p02-hansen.pdf Greenland is 22 Feet of Ocean Height
  • 12. Which Florida do we want? Modern Florida Greenland Ice Sheet Melts West Antarctic Ice Sheet Melts East Antarctic Ice Sheet Melts
  • 13. Florida: 2007 vs. 2107 With a 5 meter rise in sea levels… Source: New Scientist, Jeremy Price and Jonathon Overpeck, University of Arizona
  • 15. 2005
  • 16.
  • 18.
  • 19.
  • 20.
  • 21. Our Current Course http://www.solar2006.org/presentations/plenaries/p02-hansen.pdf 450 ppm CO 2 Biosphere
  • 22. Defeatism or Action ? We insure our homes Why not our planet?
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30. Renewable Energy USA! Source: NREL, USDA, NRCS, EIA West, SouthWest have solar… Texas has wind & solar … Southeast has biomass! Rockies have geothermal! Midwest has corn/wheat belt!
  • 31. Regional Co-operation! Source: NREL, USDA, NRCS, EIA Solar Wind Biomass Geothermal We need a power grid from California to Florida
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37. What Are Fossil Fuels’ Externalities? Source: Coghill Capital Management High Medium Low Fossil Fuel Costs (Billions $USD) $640.30 $365.00 $88.10 Total Fossil Fuel Costs $450.00 $237.00 $24.03 Healthcare Treatment and Mortality from Pollution $93.30 $53.00 $14.80 Environmental Monitoring and Clean Up $100.00 $75.00 $49.00 Military Base and Supply Route Security
  • 38.
  • 39. … or get to work
  • 40. a renewable universe …
  • 41.
  • 42. Mascoma Verenium Range Coskata Altra Cilion Hawaii Bio Ethos Tools Solar Natural Gas Mechanical Efficiency Electrical Efficiency Cellulosic Future Fuels Plastics Water Materials Nanostellar Codon Praj Quos NanoH2o Segetis eChromics Calera Stion Ausra Altarock Infinia Coal Efficiency Oil Transonic Streamline Living Homes GIV Seeo Newco1 Great Point Energy Corn/ Sugar Fuels Wind Building Materials Geothermal LS9 Gevo Amyris LanzaTech Khosla Ventures Renewable Portfolio
  • 43.
  • 44.
  • 45.
  • 46.
  • 47.
  • 48.
  • 49.
  • 50.
  • 51. Solar Flare ? Coal Clampdown ?
  • 52. Electricity = biggest and fastest growing carbon problem IEA WEO 2004 Courtesy Steve Koonin, BP 1971 2002 2030
  • 53.
  • 54. Demographic Transformations source: United Nations 6.3 billion 8.9 billion Oceania Africa N-America S-America Europe Asia Oceania Africa N-America S-America Europe Asia Largest Segment Population 2003 Population 2050
  • 55.
  • 56. Our Current Course http://www.solar2006.org/presentations/plenaries/p02-hansen.pdf 450 ppm CO 2 Biosphere
  • 57. Solution : Phase Out Coal http://www.solar2006.org/presentations/plenaries/p02-hansen.pdf Biosphere 450 ppm CO 2
  • 58.
  • 59.
  • 60. Coal: Ready for Updating…
  • 61.
  • 62.
  • 63. Standard and Poor’s Assessment Source: Jim Harding Capital Costs: Costs of constructing the plant Direct Generation Cost: Costs of generating electricity Cost W/CCS: Direct Generation Cost + cost of Carbon Capture and Storage – total cost of electricity generation with CCS Cost w/ CO2 Credits ($10-$30 per ton): Direct Generation Cost + cost of CO2 credits - – total cost of electricity generation with Carbon Credits CCS vs. Carbon Credits Cost w/CO2 Credits ($10-$30 per ton) Cost W/CCS (cents/kWh) Direct Generation Cost (cents/kWh) Capital Cost ($/kW) 6.2-7.9 12.0 5.8 2438 Pulverized Coal 7-7.7 9.6 6.8 700 Gas (CCCT) 7.1-8.7 10.2 6.8 2795 Eastern IGCC 7.1 7.1 7.1 1700 Wind 8.9-9.8 8.9-9.8 8.9 4000 Nuclear
  • 64.
  • 65. Nuclear Plants Are Expensive! Koomey, Jonathan, and Nate Hultman. 2007. “A Reactor-Level Analysis of Busbar Costs for US nuclear plants,” 1970-2005, forthcoming in Energy Policy Source: Jim Harding
  • 66. Wind Doesn’t Match Utility Demand http://www.uwasa.fi/itt/teti/sahko/NEPF/vasa_nordiskvind.ppt Utilities want to buy power when customers need it Not when the wind blows or the sun shines! Stored power is key to increasing value of wind kwh Wind Random vs. Load Lots of power at 2am Lots of Daily Variability (30%+)
  • 67. Untrustworthy Predictions: Natural Gas AEO projected natural gas prices versus actual wellhead prices Source: Lawrence Berkeley National Laboratory 2006
  • 68. US Electric Power: Coal Is Back www.eia.doe.gov www.oilnergy.com Natural Gas Price “ As natural-gas supplies and prices have become a problem, the power industry is shifting to coal in a big way, with plans to build more than 100 coal-fired power plants in coming years at a potential cost of more than $100 billion” As Utilities Seek More Coal, Railroads Struggle to Deliver “ Wall Street Journal - March 15, 2006
  • 69. Coal Prices Peak 1975: $50.92 2005: $21.51
  • 70.
  • 71.
  • 72.
  • 73.
  • 74.
  • 75.
  • 76.
  • 77.
  • 79. Projections Are More Conservative Than Reality Source: Projections – Black and Veatch, Cost estimates from UCS, NyTimes, Other news sources $2,333 Cancelled Kansas (Westar) - PC $3,000 Approval granted in 2007 Cliffside (Duke Energy) – PC $3,500+ Commence ops in 2012 West Virginia (AEP)– IGCC $3,593 Review on hold Mesaba (Excelsior) – IGCC $2,168 Construction starts mid-2008 Big Stone II, South Dakota (Otter) - PC $2,500 Springfield, IL - PC 2,840 2020 B&V Projected - Coal - IGCC 2,750 2005 B&V Projected - Coal - IGCC 2,840 2010 B&V Projected - Coal - IGCC 2,240 2020 B&V Projected - New Coal (SC) $6,000+ Commence ops in 2012 at earliest FutureGen – near zero emission demonstration plant 2,180 2010 B&V Projected - New Coal (SC) 2,120 2005 B&V Projected - New Coal (SC) Capital Cost ($/kW) – 2006$ Install Date Type
  • 80. Is Carbon (CO 2 ) risk being ignored?
  • 81. Implications of Carbon Costs Source: http://www.stabilisation2005.com/day3/Socolow.pdf
  • 82. What is the cost of future CO 2 limits in the US? Source: Synapse Energy Economics, Climate Change and Power: Carbon Dioxide Emissions Costs and Electricity Resource Planning , May 2006.
  • 83. Carbon Dioxide prices Pulverized Coal Uneconomic Source: EIA, “NEMS EMM Factors for AEO06,” spreadsheet, 2006, and Synapse, 2006. The costs are representative of a new coal plant built in the Midwest in 2015. High $30/t, $77/mwh Mid $19/t, $66/mwh Low $8/t, $55/mwh 20 40 60 80 100 10 20 30 40 50 Cost of CO2 ($/ton) Levelized Cost $/mwh
  • 84. Is coal an effective way to avoid carbon? a sample projection Assume 85% capacity factor for all technologies. Source: : “IGCC: Next Step on the Path to Gasification-Based Energy from Coal,” Robert H. Williams, 2004. Cost estimates similar to estimates in “The Cost of Carbon Capture,” by Jeremy David and Howard Herzog (2000) and “Evaluation of Fossil Fuel Power Plants with CO_2 Recovery,” NETL (2002). Compilation: Sylvia Smullin
  • 85.
  • 86.
  • 87.
  • 88.
  • 89.
  • 90.
  • 91. Who wants to be a millionaire? Knowing each plant =600,000 cars of liability (Starting with $150 billion) Whose $150 billion?
  • 92.
  • 93. We’re using the atmosphere as our sewer
  • 94. The Face (Externalities?) of Coal Source: “ Concentrated Solar Power Potential in China”, Deepak Boggavarapu PhD China GDP growth = China environmental damage? & health care costs?
  • 95.
  • 96.
  • 97.
  • 98. Air pollution from power plants causes deaths Source: Clean Air Task Force, June 2004. Deaths per 100,000 adults range from <1 (blue) to >30 (pink) … guess where all the coal power plants are?
  • 99. Health Costs of Pollution from Power Plants Source: Robert H. Williams, 2004. “ Pulverized coal” plant incurs high health costs Mean cost for 2004 BACT coal = 2.3 cent/kWh. This means that coal-generated electricity in the US annually incurs $46 bill in health costs
  • 100.
  • 101.
  • 102.
  • 103.
  • 104.
  • 105.
  • 106. Western US Coal Plants http://www.westernresourceadvocates.org/media/pdf/CA%20Coal%20Shadow.pdf Current Planned
  • 107.
  • 108.
  • 109. *Projected development assuming states achieve annual renewable energy targets. **If achieved, IA, IL, and ME goals would support an additional 4,400 MW by 2020. HI CA NV IA & WI NJ CT & RI MA ME MN AZ & NM NY TX New renewable energy supported: - 46,270 MW by 2020** Equivalent to: - 17.7 million less cars MD CO & MT PA DC & DE WA Renewable Energy from State Standards* BIG MARKET: BIG CARROT
  • 110.
  • 111. Good news on Alternatives Solar Thermal
  • 113. We have NO SHORTAGE OF ENERGY
  • 114. 100,000 Terawatts Humans will use 15 in 2050 8 inch deep layer of oil annually
  • 115.
  • 116. Scalability : Land For All Electricity Carlo Rubbia, SolarPACES2006 earthobservatory.nasa.gov All Worldwide Electricity
  • 117. USA… Looking Good Creating a U.S. Market for Solar Energy, by Rhone Resch, President of the Solar Energy Industries Association. Germany: 57% world PV US: 7% world PV
  • 118. Area requirements to power the USA (150 km) 2 of Nevada covered with 15% efficient solar cells could provide the USA with electricity J.A. Turner, Science 285 1999, p. 687. ½ as much land with 30% efficient turbines
  • 119. How Much California Land? 2005 Load: 52 GW 2020 Load: 69 GW Google Earth California Energy Commission NREL All New Load Through 2020: 17 GW (15x15mi) Shut All The Coal Plants Close All Non-Hydro
  • 120.
  • 123.
  • 124.
  • 125.
  • 126.
  • 127.
  • 128.
  • 129. Three Gorges Dam ~18 GW generating capacity >25 years planning and construction ~1.3 million people displaced ~630 sq km reservoir >$50B estimated actual construction cost CSP would generate 1.7 times the power in same land area at significantly lower capital cost and faster construction time. Source: “ Concentrated Solar Power Potential in China”, Deepak Boggavarapu PhD
  • 130. Hoover CLFR plant with same annual power Output as Hoover Dam
  • 131.
  • 132. Operating Status of SEGS Parabolic Trough Plants 13 TWhe Solar Thermal Power since 1986
  • 133. The CSP Technologies Towers Troughs Dishes
  • 135. Power Towers Solar Two, 10MW, Barstow, CA
  • 136. Parabolic Troughs Solar Electric Generating Stations, 354MW, Boron and Harper Lake, CA
  • 137. CLFR
  • 138. A 5MWt CLFR collector 100’ x 1000’
  • 139.
  • 141. Solar Thermal Power Plant Copyright © Ausra, Inc. 2007 280C 50bar Up to 20 hours energy storage Increase capacity factor by building larger solar field. Basic 180MW plant is 640 acres
  • 142. Solar Correlates with the Load Solar Highly Correlated with CA loads Timeshifted a few hours Very predictable and steady (10%) Demand Generation Larger Solar Array “ Clipped” At Max Output Power More Hours of Peak Load Served
  • 143.
  • 144.
  • 145.
  • 146. CA Electric Power Black and Veatch, Economic, Environmental, and Energy Benefits of Concentrating Solar Power in California, April 2006; PV www.solarbuzz.com DPT Luz2 250. 200. 25% 0 1 PV, 2006 45.0 45.0 65% n/a 1500 Pulverized Coal, BASE 120 107 25.0% 0 150 Luz2 DPT 150MW 134.0 120.0 40.4% 6 150 Parabolic Trough 2011 173.0 154.0 28.4% 0 100 Parabolic Trough 104.0 104.0 40.0% n/a 500 Combined Cycle Gas, INTERMEDIATE 168.0 168.0 10.0% n/a 85 Simple Cycle Gas, PEAKING Nom LEC, 10%ITC Nom LEC, 30%ITC Capacity Factor Storage, hours Capacity, MW  
  • 147. Solar Baseload Pricing Solar Peaking Pricing
  • 148. Solar Baseload Pricing Solar Peaking Pricing Trough 2007 DPT 2007 Trough 2011 DPT 2011 VK 2011
  • 149. Net Impact of Time-Of-Day (Including Thermal Storage) Trough 2007 Trough 2011 Solar Baseload Pricing Solar Peaking Pricing DPT 2007 DPT 2011 VK 2011
  • 150.
  • 151.
  • 152.
  • 153. Power to the Nation: HVDC
  • 154.
  • 155.
  • 156.
  • 157.
  • 158. Geothermal Potential Source: Matthew Clyne, Black Mountain Technology, MIT 7,188,200 MWe 12¢ kW/hr 1,251,351 MWe 10¢ kW/hr Geothermal Potential in the United States
  • 159. EGS Technology How it works
  • 160. … or get to work
  • 161. Biofuels Think Outside the Barrel
  • 162.
  • 163. RISK: Oil vs. Hydrogen vs. Ethanol Source: Khosla High Low Low Low Low Med Low Low Low Low Low Med Med-High Very Low Very Low Very Low Very High Very High Very High Very High Very High Very High Med-Low High High ? - Energy Security Risk Cost per Mile Infrastructure Cost Technology Risk Environmental Cost Implementation Risk Interest Group Opposition Political Difficulty Time to Impact Low Med-Low Very High Low Very High Very Low Low High Very High Low High ? Low Very high - Med Very High Very Low Low Very High Very Low Low Med-High Med Low Low High Biofuels Hydrogen Oil
  • 164. OPEC’s Economic Effects Source: Coghill Capital Management
  • 165.
  • 166. What’s Possible Replace most of our imported oil in twenty years! 139.0 14.6 124.4 49 23.1 2027 39.4 14.6 24.8 19 12.5 2017 16.5 12.0 4.4 5 8.9 2012 Total Ethanol (billion gals) Corn Ethanol (billion gals) Cellulosic Ethanol (billion gals) Acres Planted (millions) Biomass Yield Tons/acre Year
  • 167. Area to replace GASOLINE in USA 50m Acres replaces all our gasoline!
  • 168. Why Now? Projected World Oil Prices (EIA) Source: EIA Reports Alternative Technology Viability Zone
  • 169.
  • 170.
  • 171. Brazil sugar-cane/ethanol learning curve Liters of ethanol produced per hectacre since between 1975 to 2004 30,000??
  • 172.
  • 173.
  • 174. Energy Crops: Sorghum 25 tons/acre (Prof. Holtzapple- Texas A&M)
  • 175.
  • 176. Biomass Will Make a Difference Turning South Dakota into… … a member of OPEC?! Farm acres Tons/acre Gallons/ton Thousand barrels/day Today Tomorrow 44 Million 5 60 857 44 Million 15 80 3,429 Iraq Kuwait Libya Nigeria Thousand barrels/day 1,700 2,600 1,650 2,200 Qatar Saudi Arabia UAE 800 9,400 2,500 South Dakota 3,429 Iran 3,900 Venezuela 2,500 Algeria 1,380 Indonesia 925 Source: Ceres Company Presentation
  • 177. Conservative Cellulosic (24tpy/108gpt) Sugar Cane + Baggasse (11 tpy/102gpt) Corn, Cellulose, Cane Today Large Improvements Are Visible Brazil Energy Cane Cellulosic (10tpy/100gpt) Biodiesel
  • 178.
  • 179.
  • 180.
  • 181. DOE went looking for 3 projects…
  • 182. Lots of variability… 101 40 4.5 Thermo Range 78 18 10.5 Bio Iogen 112 31 6.1 Bio Broin 82 19 5.0 Bio Bluefire 55 14 5.6 Hybrid Alico 49 11 15.8 Bio Abengoa Yield/ton Capacity (MGPY) CapX/G ($) Tech Company
  • 183. “ The War on Oil” … weapons from the “innovation ecosystem”
  • 184. Biofuels Feedstocks & Pathways … Mixalco Process Glycerin Natural Oils BioDiesel (FAME or FAEE) Methanol/Ethanol Gasification Syngas Syngas Fermentation Ethanol BTL Diesel Mixed Higher Alcohol Methane Microbial cultures Dimethylfuran Gasoline, Diesel, Hydrocarbons Ethanol, Butanol, Renewable Petroleum FermDiesel Sugars/ Starch Fermentation Biogasoline ETG via catalysis C6, C5 Sugars Biomass Cellulose/ Hemicellulose Acid or Enzyme Hydrolysis Saccharification Fermentation Ethanol Algae + Sunlight – CO2 Cell Mass Hydrocracking Waste Fischer-Tropspch catalysis BioDiesel (FAME or FAEE) Catalytic Conversion Butanol Diesel Transesterification Catalysis and Aqueous phase Reforming
  • 185. Mixalco Process Glycerin Natural Oils BioDiesel (FAME or FAEE) Methanol/Ethanol Gasification Syngas Syngas Fermentation Ethanol BTL Diesel Mixed Higher Alcohol Methane Microbial cultures Dimethylfuran Gasoline, Diesel, Hydrocarbons Ethanol, Butanol, Renewable Petroleum FermDiesel Sugars/ Starch Fermentation Biogasoline ETG via catalysis C6, C5 Sugars Biomass Cellulose/ Hemicellulose Acid or Enzyme Hydrolysis Saccharification Fermentation Ethanol Algae + Sunlight – CO2 Cell Mass Hydrocracking Waste Fischer-Tropspch catalysis BioDiesel (FAME or FAEE) Catalytic Conversion Butanol Diesel Catalysis and Aqueous phase Reforming Transesterification Increasing Technological Difficulty Feedstock Supply Volume Biofuels Feedstocks & Pathways … Feed Cost
  • 186.
  • 187. The Near Future… Mixalco Process Glycerin Transesterification Natural Oils BioDiesel (FAME or FAEE) Methanol/Ethanol Gasification Syngas Syngas Fermentation Ethanol BTL Diesel Methane Microbial cultures Dimethylfuran Catalysis and Aqueous phase Reforming Gasoline, Diesel, Hydrocarbons Ethanol, Butanol, Renewable Petroleum FermDiesel Sugars/ Starch Fermentation Biogasoline ETG via catalysis C6, C5 Sugars Biomass Cellulose/ Hemicellulose Acid or Enzyme Hydrolysis Saccharification Fermentation Ethanol Algae + Sunlight – CO 2 Cell Mass Hydrocracking Waste Fischer-Tropspch catalysis BioDiesel (FAME or FAEE) Catalytic Conversion Increasing Technological Difficulty Feedstock Supply Volume Ethanol – Sugar Fermentation Ethanol – Cellulose Hydrolysis Fermentation Biodiesel, Ethanol – FT and Catalysis Ethanol – Syngas Fermentation Biodiesel Dimethylfuran –Catalysis Gasoline/Diesel – Aqueous Reforming Biodiesel - Algae Methane – Microbial Cultures Higher Alcohols – Mixalco Process Mixed Higher Alcohol Gevo Fermdiesel, Butanol Feed Cost
  • 188. Story Time … or news from the frontlines
  • 189.  
  • 190.  
  • 191. Trash… Or Treasure? Range is working to transform this into ethanol!
  • 192.
  • 193.  
  • 194.  
  • 195. Potential of Synthetic Biology Synthetic Biology Recombinant Small Molecule Bio-Synthetic Pathway Gene 4 Gene 2 Gene 1 Gene 3 Gene 1 Artimisinin Source of genes Custom-Built Microbe Fermentation Diesel Synthetic Biology = Fermentation Diesel X Anti-Malarial
  • 196. Hydrocarbon Biosynthesis: Nature’s Energy Storage Designer Hydrocarbons Metabolic modeling + Synthetic biology Renewable Feedstock LS9 Designer Biofuels & Chemicals X X X X X X X X >90% Energetic Yield From Feedstock Hydrocarbons
  • 197. Butanol, the old fashioned way…
  • 198. CO 2 ethanol lactate acetone formate hydrogen . . . Biomass Hydrolysate BUTANOL A recombinant strains containing a butanol pathway produces butanol in addition to other products . Metabolic Engineering
  • 199. Biomass Hydrolysate X X X X X Classical and genetic techniques are used to improve butanol tolerance. BUTANOL X X X Metabolic Engineering
  • 200.
  • 201. … and this is just the beginning … imagine the map in 2017 ! Believe in the “innovation ecosystem” that brought you free long distance!
  • 202. A Potential Trajectory … … driven by the “innovation” ecosystem of scientists, technologists, entrepreneurs
  • 204. Farmers Are Driven By Economics Per acre economics of dedicated biomass crops vs. traditional row crops Source: Ceres Company Presentation/ Khosla Ventures $66 $36 Amortized fixed costs $637 $525 Total revenue $35 $35 Biomass price ($/ton) 2 15 Biomass yield (tons) $3.50 N/A Grain price ($/bushel) 162 N/A Grain yield (bushel) $168 $84 Variable costs $403 $405 Net return Corn Biomass
  • 205.
  • 206. Miscanthus Farming vs. Corn/Soybean Miscanthus is far more profitable than a corn/soy rotation!
  • 207. Biomass, Geopolitics & Poverty Biomass & Poverty Belt
  • 208.
  • 209.
  • 210.
  • 211. We can cut fuel consumption in half!
  • 212.
  • 213.
  • 214. … the chindia test only scalable if competitive unsubsidized
  • 215. … the scaling model brute force or exponential, distributed…
  • 216. … investments or climate solutions ? wind photovoltaics biodesel hybrids
  • 217.
  • 218. … pragmentalists vs idealists
  • 219. or… the lesser evil Which Risk for oil & coal ?
  • 220. or… Solutions (they exist) Denial to Despair ?
  • 221.
  • 222.
  • 223. Hybrids or Ethanol? Ethanol is a far cheaper and more scalable solution! 20-30% Oil reduction High Impact to automakers Battery breakthrough Scalability $5000 Cost 20-30% Carbon reduction Hybrid 90% Low Cellulosic Breakthrough $50 20-30% Corn Ethanol
  • 224. Hybrid or FFV? FFV’s offer a more-effective solution! 157 Gasoline Savings (11000 m/yr; 14mpg) $3000 Cost Hybrid 477 $30 FFV
  • 225. Biodiesel vs. Ethanol vs. Cellulosic Diesel Trajectory Matters! High 2010 Production Cost Poor Sustainability (2030) Poor Technology High (@ $45 oil price) Unsubsidized 10 yr market competitiveness Poor Product Quality 600-900 Scalability (2030 Gallons/acre) 80% Carbon reduction – 2010 80% Carbon reduction - 2006 “ Classic” Biodiesel Med-Low High Improving Excellent (@ $45 oil price) Good 2500 (cellulosic) 80% 20-30% Ethanol Med-Low High Nascent Excellent (@ $45 oil price) Good 2500 (cellulosic) 80% Not Available Cellulosic Diesel
  • 226.
  • 227.  
  • 228. BioPlastics – the next cycle?
  • 230. Competitive Landscape Source: Sustainable chemicals Report – Chevreux
  • 231. Plenty of Markets! Source: Sustainable chemicals Report – Chevreux
  • 232. Plenty of Upside! Source: Sustainable chemicals Report – Chevreux
  • 233. ...replaced all 300 Billion lbs of plastics ? …how much land would it take?
  • 236. Twelve Platform Chemicals Succinic Acid FDCA 3-HP Aspartic Acid Glucanic Acid Glutamic Acid Itaconic Acid Levulinic Acid 3-HDL Glycerol Sorbitol Xylitol
  • 237. Hieroglyphic Writings… A specimen of an Egyptian language writing ca. 530 B.C. ca. 2000 A.D. A version of graphic representation of “ Top 12 DOE platform chemicals from glucose” letters  syllables  words  poems
  • 238. Enabling Renewable Value Chains for Sustainable Chemical Industry Renewable Feedstocks (crops & forestry) Industrial Bioproducts New Industrial Bioproducts Triglycerides (vegetable oils) Soybean, Linseed, Corn, Canola Carbohydrates Starch Sucrose Cellulose/Wood Bioplastics Specialty polymers Polymer additives Performance Surfactants Adhesives Coalescent Solvents Other Biodiesel Compound set A Compound set B Fuel ethanol Compound C Other Products Technologies: Synergy of Renewable Feedstocks
  • 240. 3-hydroxypropionic acid 1,3-propanediol EEP acrylamide acrylic acid malonic acid poly(hydroxypropionate) dehydration oxidation hydrogenation
  • 242. Succinic Acid as a Platform Succinic Acid Sources: MBI, Zeikus, et.al 1999; Sado, et.al, 1980; Dake, et.al. 1987 THF 1,4-Butanediol Polyurethanes Aliphatic Polyesters Polycarbonates PBT Polycarbonate/PBT Blends Solvents New TPE’s Salt Replacements Crop Growth Promoters N-Methyl Pyrolidone Adipic Acid Hexanediamine Nylon
  • 244. Lactic Acid As a Platform Lactic Acid PLA Propylene Glycol Acrylic Acid Lactate Esters Solvents Polyacrylic Acid Polyurethanes Polyesters Polycarbonates Propylene Oxide Epoxides Chiral Synthons New Amino Acids Pharmaceutical Precursors High Performance Materials TPE’s Resins Food Additives
  • 247. DuPont Sorona http://www.azom.com/images/dn_photo_swim229x275.jpg DuPont Sorona http://www.dupont.com/corp/news/daily/images/dn_photo_sorona270x270.jpg DuPont Sonona http://www.jobwerx.com/images/DuPont_sorona_apparel.jpg DuPont Sorona polymer; part of polymer is 1,3-propanediol from fermentation
  • 248.
  • 249.
  • 250.
  • 251.
  • 252. What Are Fossil Fuels’ Externalities? Source: Coghill Capital Management High Medium Low Fossil Fuel Costs (Billions $USD) $640.30 $365.00 $88.10 Total Fossil Fuel Costs $450.00 $237.00 $24.03 Healthcare Treatment and Mortality from Pollution $93.30 $53.00 $14.80 Environmental Monitoring and Clean Up $100.00 $75.00 $49.00 Military Base and Supply Route Security
  • 253.