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We are Energy Disruptors!

3rd June 2018

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A Gathering Of The World’s Most Influential & Innovative Energy Disruptors

We love Energy and EV events and sometimes it’s hard to keep up with so much happening. However, one exciting event we just couldn’t say no to was the Energy Disruptors Unite 2018 in Calgary, Canada.

Unlike our usual industry events, EDU2018 encompassed businesses professionals from both the new energy and the fossil fuels sector and not just representatives of these industries.

We live in a time of exponential transformation ripe with possibilities. A time where our biggest energy challenges are our greatest opportunities. Now is the time to think differently. Now is the time to act boldly. Now is the time to UNITE.

For the very first time, industry leaders, from every aspect of the energy value chain, united. For two full days, the Oil and Gas industry joined forces with the influencers at the forefront of energy transformation.

Energy Disruptors Unite

“Together we will cross industry and policy barriers, break restraints on thought and harness the powerful potential of human ingenuity and technology. Together we will accelerate game-changing energy solutions on a global scale.”

Sir. Richard Branson

“We all have a part to play, but I believe entrepreneurs will have a really significant role to play in bringing investment and commercial skills to help develop the new technologies needed to grow a post-carbon economy.”

The presence of this particular individual attracted a lot of visitors and in his presentation, Richard covered the topic of true entrepreneurship and how we should all be risk-takers and bold in the world of business. Especially, when the business relates to protecting our planet.

Energy Disruptors Unite

Energy Disruptor’s After Party – “Cheers to the disruptors!”

One particular thing he said that caught our interest is that you must move quickly with the times and in a world of ever-changing technology; you must move fast by understanding and embracing new opportunities. When Richard realised that music was being disrupted by digitalisation, he diversified his Virgin Record company by adding Virgin Mobile and Virgin Media. This is what sets him apart from the likes of Blockbuster and Kodak.

The energy industry is certainly going through similar changes in that technology and new innovations are paving a new path; and it’s a path that will have critical effect on all of our lives, our children’s lives and their children too. So, it’s important we get it right and it’s equally important that we have a variety of options too. And with the experts, innovators, entrepreneurs and disruptors of our time, it’s really a promising future we face – we just need to remain enthusiastic!

“Enthusiasm is infectious…The earlier you start the better…Look for opportunities with every person you have a conversation with and listen, listen, listen and learn” Sir. Richard Branson.

LUCAS DI GRASSI – Roborace

The former Formula E world champion, Lucas Di Grassi, spoke at EDU2018 about his vision for making the world’s first automotive competition for humans and artificial intelligence. His company Roborace is developing a fully autonomous racing vehicle with the aspirations of inspiring a new form of spectators with autonomous technology.

Di Grassi also talked about the growing importance of energy management in motorsport today, most notably in the Formula E series in which he currently races in. He mentioned how conservation of stored energy and knowing when to use it adds to the arsenal of tools a modern racing driver can utilise and the influence of KERS systems across all platforms of motorsport are only going to grow as regulations evolve to reduce sporting series’ environmental impact.

MICHAEL LIEBREICH – Bloomberg

Michael Liebreich has an elaborate portfolio. He is primarily a founder and senior contributor to Bloomberg New Energy Finance, however he also holds a number of other directory and advisory positions in business and in the non-profit sectors, such as board member for the Transport for London and member of the High-Level Advisory Group for the UN Secretary General’s Sustainable Energy for All initiative (EDU, 2018).

Bloomberg New Energy Finance is the world’s leading provider of research for senior decision-makers in clean energy and transportation. We at Solisco have used their EV uptake projections and market value by nation data when consulting potential customers as well as sourcing where to gain more knowledge in our sector.

At EDU2018, Liebreich talked about the Three-Third-World, a 2040 projection that calculates 1/3 of all electricity will be wind and solar, 1/3 of all cars and light trucks will be electric and 1/3 more energy-productivity of the global economy (Liebreich Associates, 2018).

Each of these three different sections are further developed and summarised by a series of graphs and tables, ultimately concluding that the evolution in their technological development causes a rise in uptake. Greater adoption drives the price down and so their market composition grows as well as their contribution to the economy.

From 2011 to 2018 alone, the cheapest price of Solar PV generated energy in US$ per kWh has dropped from $12.0 to $1.97. Currently only 5.2% of the global energy mix is comprised of wind and solar (IEA NPS, 2016), adoption, technological advancement and price parity per kWh has still to improve in order to replace fossil fuels and it is already in place to doing so.

In 2017, 86% of new investment in power generating capacity went towards zero-carbon technologies, of that $ 8.8 trillion, 60% went towards wind and solar energy (BNEF, 2017).

Adapting to intermittency in generation and grid balancing will be separated into three sections; response over months to weeks, days to hours and minutes to seconds. The nature of energy generation for response evolves from stand-alone alternative power plants such as biofuel, biomass and biogas systems to short term, quick spinning and or stored energy with pumped storage, interconnectors, electric vehicles and battery storage (BNEF, 2018).

As electric vehicle fleets grow in the coming years, it is interesting to see how energy providers will diversify energy response and generation means away from conventional fossil fuel power plants in order to decarbonise the energy sector.

“Our approach to sustainability starts with running a safe, efficient, responsible and profitable business. We work to share wider benefits where we operate. And we’re helping to shape a more sustainable energy future.” Shell

Liebreich predicts a significant factor for the forecasted rise in EVs and BHEVs is due to the rapidly declining price of battery packs. The average price of a lithium-ion battery pack in 2017 was $209 per kWh (Chediak, 2017), already a 74% reduction since 2010. Bloomberg predicts this cost will fall a further 70% to $73 per kWh by 2030. This price parity with ICE will cause EV adoption to sky rocket, with manufacturers offering a diverse range of light-duty electrified vehicles, as well as heavy-duty and public transport vehicles.

These predictions are far more optimistic than the IEAs conservative views and they allow companies in the sector, like ours, to work towards a common goal.

NEAL ANDERSON Wood Mackenzie

Neal Anderson, president and CEO of Wood Mackenzie, a global leader in data analytics and commercial intelligence for the energy, chemicals, and metals and mining industries (EDU, 2018) spoke at the NEU2018 about the true scale of global CO2 emissions and the potential for action in different markets.

CO2 emissions have risen approximately 35% since 2000 and their continual rise is due to highly carbon intensive energy generation from developing countries on-top of historical and current emissions by developed nations. The economic benefits of fossil fuels make them a suitable energy generator in emerging nations such as China and India however large scale combustion is neutralising global efforts to decarbonise.

To offset this, Anderson proposed changing the markets in which renewables are implemented. Currently 500 kb per day of diesel-fired generation occurs in small islands across the world, introducing solar PV and storage facilities can reduce this figure to less than half. Targeting these regions of the world instead of or as well as big markets could contribute significantly to global CO2 emission reduction targets through sustainable development.

Our Take – Solisco

Energy Disruptors; Unite 2018 for us was a unique event in the sense that it managed to bring together such a broad range of specialists together from students to business professionals. Unlike the events of the past, EDU2018 represented in majority the whole of the energy sector, including oil and gas specialists, not just renewables.

For us, learning about all the different developments in energy, instead of technology and business orientating around electric vehicles gave us greater insight into the future of both sectors and how they will play an integral part for one another. Solisco offers consultancy, design and planning services for solar car parking solutions, so it’s important for us to keep up with cutting edge technology and innovation at all levels. Together, we can make change happen faster!

References:

Bloomberg (2018). [online] Available at: https://data.bloomberglp.com/bnef/sites/14/2017/07/BNEF_EVO_2017_ExecutiveSummary.pdf [Accessed 5 May 2018].

Bloomberg (2017). Lithium-ion Battery Costs and Market [online] Available at: https://data.bloomberglp.com/bnef/sites/14/2017/07/BNEF-Lithium-ion-battery-costs-and-market.pdf [Accessed 5 May 2018].

Chediak, M. (2017). The Latest Bull Case for Electric Cars: the Cheapest Batteries Ever. [online] Bloomberg.com. Available at: https://www.bloomberg.com/news/articles/2017-12-05/latest-bull-case-for-electric-cars-the-cheapest-batteries-ever [Accessed 31 May 2018].

Energydisruptors.com. (2018). Energy Disruptors Unite 2018. [online] Available at: https://www.energydisruptors.com/home [Accessed 31 May 2018].

GOV.UK (2018). UPDATED ENERGY AND EMISSIONS PROJECTIONS 2017, Department for Business, Energy & Industrial Strategy (BEIS) [online] Available at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/671187/Updated_energy_and_emissions_projections_2017.pdf [Accessed 31 May 2018].

Liebreich Associates. (2018). Michael Liebreich – Founder, Entrepreneur, Analyst, Olympic Skier. [online] Available at: http://www.liebreich.com/ [Accessed 31 May 2018].

Shell. https://www.shell.com/sustainability/our-approach.html