Brendan mc grath presentation

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  • UtilitiesTransmissionTurbine suppliersRegulator Finance HousesState
  • UtilitiesTransmissionTurbine suppliersRegulator Finance HousesState
  • UtilitiesTransmissionTurbine suppliersRegulator Finance HousesState
  • Brendan mc grath presentation

    1. 1. ‘DOING THE DEAL’<br /> ...The role of the developer<br />Brendan McGrath <br />C.E.O of Gaelectric<br />1<br />
    2. 2. Gaelectric Holdings Plc <br /><ul><li> Irish company
    3. 3. Renewable energy and energy storage
    4. 4. Active in; Ireland – North and South</li></ul> USA – Montana<br /><ul><li> Leading proponent of Energy Storage - CAES, Gas Storage & Flywheel
    5. 5. Significant development work being undertaken in the EU & US
    6. 6. Raised €35m to date – August 08 €25m funding round valued business at €133m</li></ul>2<br />
    7. 7. Business Structure<br />3<br />
    8. 8. Irish Operations<br /><ul><li>Northern Ireland pipeline of 200MW </li></ul> 87MW with planning by Q3 2010<br /><ul><li>Republic of Ireland pipeline of 70MW – 56MW with planning and Gate 2 or Gate 3 positions
    9. 9. Will be connected to the grid in accordance with government schedule</li></ul>4<br />
    10. 10. Montana Portfolio - largest owner of wind resource <br />Gaelectric sites<br />Coutts<br />Liberty<br />Tiger Ridge<br />Good Wind<br />Frenchman’s Ridge<br />MATL<br />Excellent Wind<br />Roy<br />Transmission line<br />Green Line<br />Geyser<br /><ul><li> Transmission solutions focus </li></ul> on optionality<br /><ul><li> Wind measurement program
    11. 11. Targeting 1,600MW “shovel </li></ul> ready” by 2013 <br /><ul><li> 1,000MW with transmission
    12. 12. Capacity factors +40% </li></ul>Colstrip <br />500kV<br />Harlowton<br />Kelly Hills<br />Lennep<br />MSTI<br />Chinook<br />
    13. 13. Six Elephants in the Energy Business<br />Story<br />Turbine Supplier<br />Finance<br />State<br />Transmission<br />Utility<br />Regulator<br />‘Gaelectric’s View of<br /> The Energy Market’ <br />6<br />
    14. 14. The fable of the mouse and the elephant<br />…Harmony in the Forest<br />7<br />
    15. 15. ElephantsArrival<br />8<br />
    16. 16. ElephantsCreateHavoc<br />9<br />
    17. 17. CEOElephantMeetsCEOMouse<br />10<br />
    18. 18. ElephantsAbideby newProtocol<br />11<br />
    19. 19. Hunters Arrive‘NewMarketEntrants’<br />12<br />
    20. 20. ElephantsSnaredin RedTape<br />13<br />
    21. 21. MiceCome ToTheRescue<br />14<br />
    22. 22. ElephantAgreesFutureCo-operation<br />15<br />
    23. 23. Lessons Learned <br /><ul><li> Throwing your weight around wins you few friends
    24. 24. Cooperation brings unexpected rewards
    25. 25. Big is good, but quick is better
    26. 26. Recognise the skills of others
    27. 27. When the pressure is on adaptability is invaluable</li></ul>16<br />
    28. 28. Compressed Air Energy Storage – what is it? <br />17<br />
    29. 29. C. A. E. S – Why? <br /><ul><li> Need for flexible and carbon efficient plant to integrate renewables
    30. 30. CAES - a proven storage technology with two plants currently in operation
    31. 31. Major advances in the efficiency of the technology
    32. 32. Recent international studies confirm tangible system benefits
    33. 33. Major demonstration funding available in the US and emerging in Europe
    34. 34. Unique geology in the Larne area could be utilised to develop a CAES plant </li></ul>18<br />
    35. 35. C. A. E. S – How and When?<br /><ul><li>G.E.S utilised the All-Island Grid Study model and associated assumptions
    36. 36. Identified key technical/economical relationships between CAES and
    37. 37. Renewable penetration levels
    38. 38. Portfolio mix
    39. 39. System Operation
    40. 40. Work completed with RISOE and considered leading edge assessment
    41. 41. Demonstrated CAES to reduce emissions, system costs and curtailment
    42. 42. CAES shown to be economically viable earliest in Island Grid (2015)
    43. 43. This approach can be internationalised</li></ul>19<br />
    44. 44. Offshore <br />Energy <br />20<br />
    45. 45. Offshore Energy <br />Survey Area<br />21<br />
    46. 46. Demonstration & Site Development Potential <br />22<br />
    47. 47. 23<br />
    48. 48. A bridge into Europe<br />C.A.E.S Ireland<br />An Island Grid provides a demonstration laboratory of how energy storage compliments and assists high levels of renewables in the new SMART GRID<br />DEEPWATER/OFFSHORE WIND<br />Supporting Ireland’s renewable targets and exporting our abundance of renewable energy to Europe<br />DEMONSTRATION PROJECTS<br />These can be supported by European research and development funds &<br />Supported by the European Investment Bank<br />24<br />
    49. 49. TheLuckof theIrish<br />To do any deal <br />the essential ingredient is <br />‘LUCK’<br />As it happens the Gaelic for mouse is <br />‘LUC’<br />25<br />

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