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What is the best strategy to
facilitate the decarbonization
of existing tower properties?
Sustainability Innovations Case Competition
January 21, 2017
Stakeholder:
Entrepreneurs presenting to Building Owners
Presentation prepared for
Team: Need for SEED
Team Members: Ally Cunliffe | Amber Daniels
Josephine Pham | Safwan Rahman | Carlos Ruiz
Situational Analysis
Recommendation
Business Models and SWOT
Financials
Q&A
2
Agenda
Situational
Analysis
Transportation is the second highest GHG emitter in Canada
4
Source: Environment and Climate Change Canada
GHG Emissions by Sector in Canada
Ontario relies
on nuclear,
hydropower
and natural
gas.
QC, BC, MB,
NL, and YT
have
significant
hydroelectric
resources
The Maritimes
rely on hydro,
fossil fuels,
nuclear, and
non-hydro
renewable
resources.
Electricity Trends in Canada
#4
Canada ranks 4th
in renewable
power generation.
Other Provinces:
Alberta - Phase out coal-fired generation by 2030
Saskatchewan - Increase renewable energy to 50% by 2030
Nunavut - Goal of reducing dependence on fossil fuels through energy
conservation and increase renewables
Source: National Energy Board 5
Ontario’s GHG Emissions by Sector and Energy Use
6Source: Ontario Ministry of the Environment and Climate Change Source: IESO
Recommendation
8
How to Decarbonize Existing Towers?
9
How to Decarbonize Existing Towers?
Recommendation:
Install electric vehicle (EV)
charging stations
Exponential growth in 5 years…. THE FUTURE IS CLEAR
Source: International Energy Agency
EV Global Trends
10
11
+500 Public Charging Stations in Ontario by March 2017
Source: Ontario Ministry of Transportation
80-90% of charging
happens at home
Growing Popularity of EVs = More Charging Stations
12
An EV can reduce GHG emissions by 67-95% per vehicle
compared to a gas vehicle.
Even a 10% increase in EVs in 2020 can reduce GHGs by
236,000 metric tonnes in Ontario.
Since 26% of Ontarian household lives in a residential
tower.
Imagine their impact if they have the opportunity to
switch over to EVs.
Impact of EVs on GHG Emissions
Business Models
and SWOT
Building owners pay 100% to install EV charging stations for
communal usage.
14
Strengths:
- Highest adoption rate for EV
purchases
- Community sharing
- Hassle-free for EV owners
- Help lower GHG emissions
Opportunities:
- Resident attraction and retention
through additional amenities
offered
- Partner with neighbouring
buildings/businesses
Weaknesses:
- Increased maintenance and efforts
- Red tape (applications, condo
board approvals)
Threats:
- Potential changes in Condo law
(Condominium Act)
1. Plug Share/Community Charging
2. Incentive for EV Owners
EV owners receive government grant, up to $1,000 to install
an EV charging station
15
Strengths:
- Own a dedicated charging
station
- Offset cost for charging station
- Lead by example
Opportunities:
- Attract tenants in the market for
a new car (marketing promotion)
- Partner with stakeholders
Weaknesses:
- Highest cost to building owner
- Red tape (applications, condo
board approvals)
Threats:
- Changes in Condo law
(Condominium Act)
- Changes in Government
incentive programs
3. Third Party Vendor
Utilize a third party vendor (e.g. Autochargers) to install EV
charging stations
Vendor will charge a small service fee per use
Building owner could recover some costs by setting a higher
price for premium parking or higher amenity fees
16
Strengths:
- Low cost to building owners
- Could be personal or
community charging model
- Maintenance & administration
covered by 3rd party
Opportunities:
- Encourage competition among 3rd party
vendors
- Attract & retain tenants
- Lead by example
- Increase brand awareness through
stakeholder partnerships
Weaknesses:
- EV owners could be paying
high prices to charge their
cars
Threats:
- Changes in Condo law (Condominium
Act)
- Potential changes in vendor company
Financials
Level 1: Between $1K - $3K
Level 2: Between $5K - $17K; most common in residential
towers
Level 3: Between $60K- $80K
18Source: Canadian Condominium Institute-Toronto and Plug’n Drive
Cost of Retrofitting
$140-160 million in incentives
for EV car owners
$80 million to install charging
stations
Additional funding to replace
older cars, increase public
awareness, etc.
19
Ontario Climate Change Action Plan
Source: Ontario Ministry of the Environment and Climate Change
$19.8 million to-date for 485 Level 2 & Level 3 chargers
20
Source: Ontario Ministry of Transportation
Despite all this, 80-90% of charging happens at home.
People need access to charging stations at home.
EVCO Incentives for EV Charging Stations
21
Impact of
Proposal
Transportation is the largest source of GHG emissions in Ontario,
second largest in Canada
10% increase in EVs can reduce GHGs by 236,000 metric tonnes
26% of Ontario households live in towers
Image their impact
Appeal to
Stakeholders
Attract new owners - give EV owners the chance to live in towers
Increase property value and revenue opportunity
Become an early adopter and beat the regulations
Lead by example: EV chargers are billboards for sustainability
Novelty of
Strategy
Thinking outside the box by pushing the (building) envelope
Use an emerging technology and become an innovator
Scalability
EV charging stations can be in every residential building in Canada
Even if current electricity mix remains non-renewable in some
provinces, switching to EVs will reduce GHGs
Addressing transportation is the best strategy to
decarbonize existing tower properties.
In Summary – Chase the Right Rabbit…
Thank You
and Q&A
Team: Need for SEED
Team Members: Ally Cunliffe | Amber Daniels
Josephine Pham | Safwan Rahman | Carlos Ruiz

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What is the best strategy to facilitate the decarbonization of existing tower properties?

  • 1. What is the best strategy to facilitate the decarbonization of existing tower properties? Sustainability Innovations Case Competition January 21, 2017 Stakeholder: Entrepreneurs presenting to Building Owners Presentation prepared for Team: Need for SEED Team Members: Ally Cunliffe | Amber Daniels Josephine Pham | Safwan Rahman | Carlos Ruiz
  • 2. Situational Analysis Recommendation Business Models and SWOT Financials Q&A 2 Agenda
  • 4. Transportation is the second highest GHG emitter in Canada 4 Source: Environment and Climate Change Canada GHG Emissions by Sector in Canada
  • 5. Ontario relies on nuclear, hydropower and natural gas. QC, BC, MB, NL, and YT have significant hydroelectric resources The Maritimes rely on hydro, fossil fuels, nuclear, and non-hydro renewable resources. Electricity Trends in Canada #4 Canada ranks 4th in renewable power generation. Other Provinces: Alberta - Phase out coal-fired generation by 2030 Saskatchewan - Increase renewable energy to 50% by 2030 Nunavut - Goal of reducing dependence on fossil fuels through energy conservation and increase renewables Source: National Energy Board 5
  • 6. Ontario’s GHG Emissions by Sector and Energy Use 6Source: Ontario Ministry of the Environment and Climate Change Source: IESO
  • 8. 8 How to Decarbonize Existing Towers?
  • 9. 9 How to Decarbonize Existing Towers? Recommendation: Install electric vehicle (EV) charging stations
  • 10. Exponential growth in 5 years…. THE FUTURE IS CLEAR Source: International Energy Agency EV Global Trends 10
  • 11. 11 +500 Public Charging Stations in Ontario by March 2017 Source: Ontario Ministry of Transportation 80-90% of charging happens at home Growing Popularity of EVs = More Charging Stations
  • 12. 12 An EV can reduce GHG emissions by 67-95% per vehicle compared to a gas vehicle. Even a 10% increase in EVs in 2020 can reduce GHGs by 236,000 metric tonnes in Ontario. Since 26% of Ontarian household lives in a residential tower. Imagine their impact if they have the opportunity to switch over to EVs. Impact of EVs on GHG Emissions
  • 14. Building owners pay 100% to install EV charging stations for communal usage. 14 Strengths: - Highest adoption rate for EV purchases - Community sharing - Hassle-free for EV owners - Help lower GHG emissions Opportunities: - Resident attraction and retention through additional amenities offered - Partner with neighbouring buildings/businesses Weaknesses: - Increased maintenance and efforts - Red tape (applications, condo board approvals) Threats: - Potential changes in Condo law (Condominium Act) 1. Plug Share/Community Charging
  • 15. 2. Incentive for EV Owners EV owners receive government grant, up to $1,000 to install an EV charging station 15 Strengths: - Own a dedicated charging station - Offset cost for charging station - Lead by example Opportunities: - Attract tenants in the market for a new car (marketing promotion) - Partner with stakeholders Weaknesses: - Highest cost to building owner - Red tape (applications, condo board approvals) Threats: - Changes in Condo law (Condominium Act) - Changes in Government incentive programs
  • 16. 3. Third Party Vendor Utilize a third party vendor (e.g. Autochargers) to install EV charging stations Vendor will charge a small service fee per use Building owner could recover some costs by setting a higher price for premium parking or higher amenity fees 16 Strengths: - Low cost to building owners - Could be personal or community charging model - Maintenance & administration covered by 3rd party Opportunities: - Encourage competition among 3rd party vendors - Attract & retain tenants - Lead by example - Increase brand awareness through stakeholder partnerships Weaknesses: - EV owners could be paying high prices to charge their cars Threats: - Changes in Condo law (Condominium Act) - Potential changes in vendor company
  • 18. Level 1: Between $1K - $3K Level 2: Between $5K - $17K; most common in residential towers Level 3: Between $60K- $80K 18Source: Canadian Condominium Institute-Toronto and Plug’n Drive Cost of Retrofitting
  • 19. $140-160 million in incentives for EV car owners $80 million to install charging stations Additional funding to replace older cars, increase public awareness, etc. 19 Ontario Climate Change Action Plan Source: Ontario Ministry of the Environment and Climate Change
  • 20. $19.8 million to-date for 485 Level 2 & Level 3 chargers 20 Source: Ontario Ministry of Transportation Despite all this, 80-90% of charging happens at home. People need access to charging stations at home. EVCO Incentives for EV Charging Stations
  • 21. 21 Impact of Proposal Transportation is the largest source of GHG emissions in Ontario, second largest in Canada 10% increase in EVs can reduce GHGs by 236,000 metric tonnes 26% of Ontario households live in towers Image their impact Appeal to Stakeholders Attract new owners - give EV owners the chance to live in towers Increase property value and revenue opportunity Become an early adopter and beat the regulations Lead by example: EV chargers are billboards for sustainability Novelty of Strategy Thinking outside the box by pushing the (building) envelope Use an emerging technology and become an innovator Scalability EV charging stations can be in every residential building in Canada Even if current electricity mix remains non-renewable in some provinces, switching to EVs will reduce GHGs Addressing transportation is the best strategy to decarbonize existing tower properties. In Summary – Chase the Right Rabbit…
  • 22. Thank You and Q&A Team: Need for SEED Team Members: Ally Cunliffe | Amber Daniels Josephine Pham | Safwan Rahman | Carlos Ruiz