Slide 1: Energy Storage: The Holy Grail
Energy Storage: The Holy Grail All Energy, 19th May 2010 Dr Graham Cooley, CEO ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 2: Contents
Energy Storage: The Holy Grail All Energy, 19th May 2010 Dr Graham Cooley, CEO Contents Fundamental Principles Industry snapshot - the need Energy storage applications Energy storage technologies Sector export Summary ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 3: The Holy Grail
The Holy Grail Production & consumption are dynamically coupled: • Supply matches demand in sub-second timescale • The system has no scalable cost effective energy storage solution • How can we use unpredictable generation? 'The Attainment, the Vision of the Holy Grail to Sir Galahad, Sir Bors and S
Slide 4: Dynamic Coupling
Dynamic Coupling Production & consumption are dynamically coupled: • Supply matches demand in sub-second timescale • The system has no energy storage solution • How can we use unpredictable generation? Electricity Customer Fuel Generation Transmission Distribution Services ITM POWER | Energy Electro
Slide 5: Supply Chain Logistics
Supply Chain Logistics Adding energy storage to the logistics: • Five elements are dynamically balanced • Adding energy storage would lead to: • New business models • New service strategies • New pricing structures Bulk Energy Storage Customer Fuel Generation Transmission Distribution Services Distr
Slide 6: Industry Snapshot
Industry Snapshot ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 7: UK Electricity Demand
UK Electricity Demand Demand varies daily, weekly, seasonally: • Winter peak is 60 GW • Base load plant • Mid merit plant • Peaking plant Data from National Grid ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 8: UK Load Duration Curve
UK Load Duration Curve Plant utilisation over time: • Huge utilisation of inefficient plant • 40% fully utilised Peak Mid-merit Base load Data from National Grid ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 9: Bulk Commodity Storage
Bulk Commodity Storage Shifting the peaks to fill the troughs: • Turns mid merit in base load • Reduces the need for peaking • Increases system efficiency • Day night arbitrage! Data from National Grid ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 10: Bulk Commodity Storage
Bulk Commodity Storage Shifting the peaks to fill the troughs: • Turns mid merit in base load • Reduces the need for peaking • Increases system efficiency Half Hourly Prices on 24/03/09 • Day night arbitrage! Source: BMRS website 160 140 120 100 80 £/MWhr 60 40 20 0 1 3 5 7 9 11 13 15 17 19 21 23 25
Slide 11: Energy Storage Applications
Energy Storage Applications ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 12: Energy Storage Applications
Energy Storage Applications Segmented by size and storage time: • Commodity storage (already discussed) • Renewable energy management • Power Quality • Customer Energy Management ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 13: UK Generation
UK Generation CO2 targets to be met by power & heavy industry: • 16% reduction in GG emissions by 2020 • 31% renewable generation by 2020 • This cannot be achieved without energy storage! ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 14: Renewable Energy Management
Renewable Energy Management Unpredictable Generation • Low load factors • Supply and demand mismatch • Low return on capital • Prices passed onto the customers 5MW offshore wind turbine DTI, 'Energy Trends', March 2006 p. 29 ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 15: Renewable Energy Management
Renewable Energy Management Unpredictable Generation • Low load factors • Supply and demand mismatch • Low return on capital • Prices passed onto the customers ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 16: Power Security
Power Security: Transition plan predicts 7GWh unserved demand in 2025 • Short fall starts in 6yrs • 7GWh is 50% of UK out for 1hr • Based on optimistic projections • Energy storage is a key solution ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 17: Energy Management
Energy Management: Customers are the most extreme peaks: • Local peak management • Energy storage • Embedded generation • Demand side management ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 18: Energy Storage Technologies
Energy Storage Technologies ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 19: Energy Storage Applications
Energy Storage Applications: Segmented by size and storage time: • Commodity storage • Renewable energy management • Power Quality • Customer Energy Management ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 20: Energy Storage Technologies
Energy Storage Technologies: Segmented by size and storage time: • Pumped hydro • Compressed Air • Flywheels • Batteries • Flow cells H2 • Hydrogen ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 21: Fuel and Power: Sector Export
Fuel and Power: Sector Export: • Demand side management • Energy storage • Energy security • Clean fuel Data from National Grid ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 22: Energy Storage | Clean Fuel
Energy Storage | Clean Fuel Sector Export: • Demand side management • Energy storage • Energy security • Clean fuel ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel
Slide 23: Supply Chain Logistics
Supply Chain Logistics: Adding energy storage to the logistics: • Five elements are dynamically balanced • Adding energy storage would lead to: • New business models • New service strategies • New pricing structures Bulk Energy Storage Customer Fuel Generation Transmission Distribution Services Dist
Slide 24: Summary
Summary: Energy storage offers: Improve operational efficiency Integrate intermittent renewables Support base load nuclear Join the dots between power & energy Decarbonisation However: Many technologies are unproven Cost targets are difficult to define Engineering scale poses a technology risk ITM P
Slide 25: Thank you for listening
Thank you for listening www.itm-power.com ITM POWER | Energy Electrolyser Storage Technology: From HLab to HFuel