ACORE Renewable Energy Resources

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    2007 Joint Outlook onRenewable Energy in America

    U.S. Energy Collaborative Analysis Initiat iveWorkshop

    Washington, DC June 27, 2007

    Michael Eckhart, PresidentAmerican Council On Renewable Energy

    www.acore.org

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    Topics

    1. 2007 Joint Outlook2. Outlook on Key RE Markets

    Wind Geothermal

    Hydro CSP Solar PV Biomass

    Biofuels3. Analytical Issues

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    ACOREs Policy WorkPhase II of Renewable Energy in America

    Phase I: Development

    25 Years 1975 2000

    Focus on RD&D

    Develop Technologies:

    Wind

    Solar

    Hydro

    Geothermal

    Ocean

    Biomass

    Biofuels Commercialization

    Method: push

    Lead: Federal

    Phase II: Utilization

    25 Years 2000 - 2025

    Focus on National Needs

    Implement Solutions:

    National energy supply

    National security

    Environment

    Climate change

    Economic growth

    Investment

    Jobs Scale-up

    Method: pull

    Lead: State / Federal

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    Policy Conference

    Phase II of Renewable Energy in AmericaNovember 30, 2006

    Cannon Caucus Room, Washington, DC

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    Outlook On Renewable Energy in America

    18 Participating Organizations:

    Trade Associations: American Wind Energy Association Biomass Coordinating Council Geothermal Energy Association National Biodiesel Board National Hydropower Association Ocean Energy Council

    Renewable Fuels Association Solar Energy Industries Association

    Nonprofit Groups and Universities: American Solar Energy Society Apollo Alliance Energy Future Coalition 25x25 Union of Concerned Scientists University of California at Berkeley Worldwatch Institute

    Research Institutions: National Renewable Energy Laboratory Electric Power Research Institute

    Government: Department of Energy Energy Information Administration

    www.acore.org

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    2007 Joint Outlook on RE in America

    Technically Feasibly

    Renewable Electricityby 2025:

    Wind Power 248 GW

    Solar Energy and Power 164 GWWater Power 23 GWGeothermal Energy and Power 100 GWBiomass energy, fuels and Power 100 GW

    Total Renewable Electricity 635 GW

    PLUS. 30% of motor fuelsfrom renewable fuels by 2030.

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    Solar PV

    Technology Solutions

    Maturing of Renewable EnergyTechnologies A Pipel ine

    Hydro

    Wind

    Biomass

    Biodiesel

    CellulosicEthanol

    Solar Thermal

    MSW/Landfill Gas

    Geothermal

    Ocean/Wave

    Corn Ethanol

    Source: Goldman Sachs

    FUELS

    ELECTRICITY

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    Wind Power

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    500

    1000

    1500

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    2500

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    3500

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    1990 1995 2000 2005 2010

    Sources: AWEA (actual) and ACORE (forecast)

    US Wind Power Installations(MW/Year)

    Outlook: 248 GW by 2025

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    Geothermal Energy and PowerTechnology Transfer !

    Geothermal Power:3,600 MW in operation3,000 MW in development100,000 MW mid-term future

    Vision: 500,000 MW potential, displacing coal as baseload power

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    Hydropower

    72,000 MWin place

    + 23,000 MW

    incremental hydro

    + 90,000 MWtotal water power

    Ocean Kinetic power

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    Concentrating Solar Power

    Solar Dish-Sterling:850 MW Contracts

    500 MW Letter of Intent

    Solar Trough:64 MW Newly Completed

    3,000+ MW Proposed

    Outlook:1 GW/Year

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    Solar PV

    0

    500

    1000

    1500

    2000

    2500

    1990 1995 2000 2005

    World

    U.S.

    Global Solar PV Installations(MW/Year)

    Outlook: 164 GW by 2025

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    BiomassEnergy

    Outlook to 2025:

    Industrial CHP: 57 GW

    Wholesale power: 37 GW

    Solid Waste: 10 GW

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    Ethanol110 Biorefineries + 73 projects under Construction

    + 8 Under Expansion in 19 States

    Ethanol

    Million Gallons / Year

    MTBE replacement done

    Now blend up to 10% Demand for ethanol? E85?

    Flex fuel vehicles? President says 35 BGY by 2017

    Senate Bill says 36 BGY by 2020

    LT goal = 30% of motor fuels

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    2007 Outlook

    2005 RFS

    Actual

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    Revolutionary Opportunity at our DoorstepBiofuels + Hybrid Engines

    2003 Toyota Prius47 mpg

    50 100 mpg of fuel by Hybrid Vehicles

    300600 mpg of gasoline when running E8510x to 20x improvement

    2006 Toyota Prius51 mpg

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    Analytic Issues(Basic) Modeling / forecasting

    REMAP Environment / Climate Economic inputs

    analysis:

    Resources Capital Jobs

    Economic impactsanalysis: Economic growth Tax effects International trade

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    Analytic Issues(Continued)

    Policy Alternatives:

    Technology programs

    Incentive programs

    Regulation / mandates

    Net-Net Analysis: RE/RF vs. oil, gas, coal RE vs. Nuclear for low-

    carbon future

    Social Impacts: Health / lifetime

    Military

    Other

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    Thank You

    be a member

    www.acore.orgwww.acore.org

    Michael EckhartAmerican Council On

    Renewable [email protected]