CBI climate change forum seminar - Ric Parker

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Presentation by Prof. Ric Parker - director of research and technology, Rolls Royce, at the CBI climate change forum seminar - Opportunities for business in a low-carbon economy, 8 September, 2009.

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CBI climate change forum seminar - Ric Parker

  1. 1. Rolls-Royce and the environment Designing innovative technologies for a low-carbon future Prof. Ric Parker - Director of Research and Technology 8th September 2009 © 2008 Rolls-Royce plc 2009 The information in this document is the property of Rolls-Royce plc and may not be copied or communicated to a third party, or used for any purpose other than that for which it is supplied without the express written consent of Rolls-Royce plc. This information is given in good faith based upon the latest information available to Rolls-Royce plc, no warranty or representation is given concerning such information, which must not be taken as establishing any contractual or other commitment binding upon Rolls-Royce plc or any of its subsidiary or associated companies.
  2. 2. Why Low Carbon Innovation is Important? • Human activities are contributing to climate change...timely mitigation less costly than subsequent impacts – Stern, 2007 • Power sector represents the single largest human source of CO2 emissions • Government committed to 80% Sources of CO2 Emissions by Sector 2 reduction in emissions by 2050 Other 45000 relative to 1990 levels 40000 Aviation • CO2 Emissions (M tonnes per year) ‘Decarbonisation’ of electricity is key 35000 Marine 30000 Transport (excl Aviation & Marine) 25000  Considerable improvements 20000 Residential & services Industry needed across all areas of 15000 renewable energy, nuclear and 10000 Power generation carbon capture & storage 5000 0 2004 2015 2030 Rolls-Royce data – strictly private CEO Room (2007) Corporate Development February 2007 Rolls-Royce proprietary information
  3. 3. HMG Support for Innovation Technology push & … market pull & knowledge transfer... DECC, ERP, UKERC, Defra, DfT…. public policy Research&& Research Demonstration Deployment Development Development Deployment EU emission trading scheme Environmental Suppliers obligations £ Transformation Fund (Renewable Obligations) RDA - DA Policy support Research Councils ETI TSB Carbon Trust TRL 1-3 TRL 3-6 TRL 6-7 TRL 8-9 TRL = Technology Readiness Level Rolls-Royce proprietary information
  4. 4. Energy Technologies Institute  50:50 public~private partnership  Up to £110m p.a. - each partner puts in £5m p.a. over 10yrs  Supports R+D to reduce CO2 emissions from energy in the UK and globally whilst realising security of supply  Develop affordable, low-carbon, efficient technology solutions  Typical projects £5m - £25m with potential for ETI to fund 100%  Access to stakeholder Capabilities, Skills, Technology, routes to Market A GOOD START BUT… Rolls-Royce proprietary information
  5. 5. Rolls-Royce environmental strategy Rolls-Royce will apply its knowledge and technology to develop profitable solutions to the challenge of climate change Rolls-Royce proprietary information
  6. 6. Long-term consistent technology £885 million spent on research & development - 2008 Rolls-Royce proprietary information
  7. 7. The building blocks of future products Rolls-Royce proprietary information
  8. 8. Aerospace environmental targets Rolls-Royce proprietary information
  9. 9. Game-changing technologies Open Rotor Rig 145 – DNW Low-Speed Noise Test  Open Rotor Program Total Investment Required ~ over £2bn:  Research & Technology  Research & Development  Open Rotor Facilities  Capital for Production Rolls-Royce proprietary information
  10. 10. Rolls-Royce Low Carbon Opportunities Nuclear High Climate CCS Onshore Compression Abatement Offshore Wind Offshore Wind Wind Fuel Cells Tidal Stream Considered Criteria Wave energy Business potential Solar thermal Resource size Solar PV Investment Timescales Geothermal Risk High Competence Rolls-Royce proprietary information
  11. 11. Tidal Stream  Significant potential to address UK security of supply..intermittent but predictable  No commercial farms, but deployment of demonstrators accelerating rapidly  Early success is reliant on renewable energy incentives & other fiscal mechanisms  Rolls-Royce is working with Tidal Generation Ltd on a novel tidal concept Wide scale deployment by 2020 needs acceleration in technology development and demonstration Rolls-Royce proprietary information
  12. 12. Solid Oxide Fuel Cells Reliable Energy local to where it is needed  Potential fuel-efficiency in the 60-70% range  Multi-fuel (natural gas, liquid and biofuels)  Negligible air emissions, low-carbon  Distributed generation minimises transmission losses and reduces infrastructure costs Rolls-Royce proprietary information
  13. 13. Nuclear – a significant opportunity for UK  Advantage - low life-cycle CO2 emissions and security of fuel supply.  Offers substantial contribution to UK target to reduce emissions by 80% by 2050  Rolls-Royce has considerable capability  UK submarines: water reactor engineering, instrumentation and control systems.  Data Systems and Solutions: nuclear services in USA and mainland Europe  Structuring high value-added supply chains  ~2000 nuclear engineers/specialists  Leveraging capability of high technology industry needs a consistent policy from government over the long-term Rolls-Royce proprietary information
  14. 14. To summarise…  Significant, low-carbon innovation is essential to close technology gaps in almost all areas  Government funding is available for low-carbon technology at all TRLs  ETI model is unique with access to industrial vision, market information, technical expertise, etc.  Investment sector selection based around evaluation of factors including cost, market potential, and technology fit with internal competencies  Low-carbon opportunities extend beyond powergen, with scope for migration between sectors  Requires long term vision and consistent support Rolls-Royce proprietary information

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