Energy and Renewables and Innovation #2a Wednesday, June 10 th 10:30 – 11:45 Exploring global...
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Energy and Renewables and Innovation #2a Wednesday, June 10 th 10:30 – 11:45 Exploring global trends and the role and adoption of renewable sources of energy in our region. Moderator: Mike Haycox, EY Participants: Rob Bennett, Emera Brad Wasson, NB Power Mark Mosher, JDI
Energy and Renewables and Innovation #2a Wednesday, June 10 th 10:30 – 11:45 Exploring global trends and the role and adoption of renewable sources of
Energy and Renewables and Innovation #2a Wednesday, June 10 th
10:30 11:45 Exploring global trends and the role and adoption of
renewable sources of energy in our region. Moderator: Mike Haycox,
EY Participants:Rob Bennett, Emera Brad Wasson, NB Power Mark
Mosher, JDI
Slide 2
Introduction
Slide 3
Mike Haycox, EY Mike joined EY in 1997 and worked his way up
through the ranks to Associate Partner in 2013. He has worked in
EYs Performance Improvement and Risk Advisory Services for 17 years
and has 12 years of prior industry experience. His area of focus
has been operational processes and major project management in
Power Utilities and Downstream Oil and Gas. He also specializes in
Governance and Risk Management. Mike is a graduate of Mount Allison
University and holds a Bachelors Degree in Mechanical Engineering
and an MBA from Dalhousie University. He and his wife Gillian have
four children and enjoy hot lazy weekends boating on the St. John
river.
Slide 4
Objectives The panel will explore the role and adoption of
renewable sources of energy and innovation in our region. This
includes: Global trends and growth How renewables fit into the
regional picture Growth of renewable energy Cost effects and
integration Where innovation is needed Level of and need for
cooperate across the Region What can this mean to local businesses
and the local economy
Slide 5
Renewable Energy and the Global Context
Slide 6
IEA Global Renewable Outlook Renewables increase substantially
to 2040 Incremental global electricity generation from renewables
(New Policies Scenario) The combined share of renewable based power
generation rises from 21% in 2012 to 33% in 2040. Renewable-based
power generation is expected to almost triple to 13,230 TWh in
2040, from 4,807 TWh in 2012. Collectively, renewables are expected
to overtake coal as the primary source of power generation by
around 2035. Wind power increases the most in absolute terms,
hydropower remains the single largest source. Generation from wind
turbines is expected to increase by more than six-fold during the
projection period. The share of solar PV in renewable power
generation reaches 10% in 2040 from 2% in 2012. In 2040, 63% of the
power from renewable energy sources is expected to be generated in
developing countries, compared with 54% today. China alone is
expected to account for 25% of the global growth in renewables-
based power generation. In India, the share of renewables in total
power generation increases from 15% today to 26% in 2040. Among the
OECD countries, the share of renewables is expected to grow in the
EU from 24% in 2012 to 46% in 2040 from 12% to 27% in the US.
Slide 7
Rob Bennett Chief Operating Officer, Eastern Canada, Emera
Inc.
Slide 8
Rob first joined Nova Scotia Power in 1988. Over the course of
his nearly 30-year career, Rob has held senior management and
leadership positions across the Emera Group of Companies. In 2005,
Rob was appointed President and COO of Bangor Hydro Electric
Company in Maine. He rejoined Nova Scotia Power in 2007 as
Executive VP of Revenue and Sustainability and became President and
CEO of NS Power in 2008. In 2013, Rob was appointed Executive VP
and COO of Emera Inc. Rob became COO, Eastern Canada in March 2015.
In this expanded role, Rob has overall executive responsibility for
Emeras eastern Canadian businesses. Rob is a graduate of St.
Francis Xavier University and holds an electrical engineering
degree from Dalhousie University (DalTech). Rob offers his time to
many causes throughout his community, particularly those in the
fields of healthcare, education and ethics. Rob Bennett, Emera
Slide 9
9 9 Note: Earnings %s December 31 2014, and are based on
Adjusted Net Income before corporate costs. Assets are as at
December 31st,2014 (adjusted for the sale of Northeast Wind).
Adjusted Net Income is calculated as reported net income, adjusted
for mark-to-market impacts. *Maritime Link and Labrador Island Link
are equity accounted. 9 $1.29 billion in assets 11% of earnings
13.5% of assets EMERA MAINE (100%) RI $4.32 billion in assets 34%
of earnings 45.0% of assets NOVA SCOTIA POWER (100%) RI Regulated
Investments RI $786.7 million in assets 9% of earnings 8.2% of
assets PIPELINES RI Brunswick Pipeline (100%) Maritimes &
Northeast Pipeline (12.9%) $1.38 billion in assets 26% of earnings
14.4% of assets EMERA ENERGY Bayside (100%) Bear Swamp (50%) US Gas
Generation (100%) Brooklyn Energy (100%) $674.1 million in assets
7% of earnings 7.0% of assets CORPORATE AND OTHER Emera Utility
Services (100%) Algonquin Power (21.0%) Open Hydro (3.3%) EMERA
CARIBBEAN INC RI $1.15 billion in assets 8% of earnings 12.0% of
assets Estimated $2 billion in assets by 2017* 5% of earnings EMERA
NEWFOUNDLAND/ LABRADOR TRANSMISSION RI Maritime Link (100%)
Labrador Island Link (34.9%) Emera (Caribbean) Incorporated(80.6%)
Barbados Light & Power (80.6%) Lucelec (15.4%) DOMLEC (41.8%)
EUS Bahamas (100%) Grand Bahama Power Company (80.4%)
Slide 10
10 NS-NB Electrical Intertie 1 st inter-provincial line in
Canada Opened in 1960 NS Premier Robert Stanfield at Intertie
opening in 1960 Annapolis Tidal Station A global first opened in
1984 Still only one of several around the world
Slide 11
11 Next Phase of Tidal
Slide 12
NSP/NB POWER JOINT DISPATCH
Slide 13
NEW ENERGY LOOP ATLANTIC CANADA 13
Slide 14
Brad Wasson Director, Reduce & Shift Demand NB Power
Slide 15
Brad Wasson Brad joined NB Power in 2013 following a 25-year
career in the ICT and management consulting industries. Brad now
leads one of NB Powers three corporate strategic initiatives:
Reduce and Shift Demand (RASD). RASD is an strategic organizational
transformation program that is driving NB Power to become a utility
of the future. RASD involves leveraging smart grid technologies and
capabilities across all operations. Brad is also responsible for
development of new energy-related products and services at NB
Power. Brad holds a bachelor degree in engineering and a masters
degree in computer science.
Slide 16
NB Power Introductory Comments NB Power is a progressive,
sustainable and customer-focused utility whose 2,300 employees are
dedicated to providing quality service and safe, reliable
electricity at low and stable rates. Our electricity is generated
at 13 facilities throughout New Brunswick and delivered via power
lines, substations and terminals to more than 350,000 New Brunswick
homes, businesses, hospitals, schools and other institutions. We
also export electricity to New England, Quebec, Nova Scotia and
Prince Edward Island. Today, our generation mix is about 65%
non-emitting with a goal to get to 75% by 2020. NB Power strives to
be a leader in the evolution of utilities as we move from our roots
as commodity electrons providers to value added energy products and
services partners.
Slide 17
NB Power Introductory Comments On New Brunswicks energy future:
NB Power is working to become more dynamic, forward-looking and
customer-driven On this journey we're exploring new tools and
technology that will give customers more control over their energy
use and monthly power bills We're also looking for new ways to put
more green energy on the grid, while using less energy overall.
Strategic goals: Our goal is to make better use of energy in New
Brunswick, reducing the need for future spending on power plants
We're investing now in consumer education, green infrastructure
programs, pilot projects involving water heaters and space heating,
and technology to enable electric vehicles. Energy Internet The
cornerstone of our strategy is a 10-year partnership with Siemens
Canada to integrate Smart Grid into the provincial electrical
system. We are building Canada's first fully-integrated Energy
Internet' enabling all-way communications between customers and
their homes, power plants, and distribution systems.
Slide 18
Mark Mosher VP, Pulp and Paper Operations J.D. Irving,
Limited
Slide 19
Mark Mosher, JDI Mark joined J.D. Irving, Limited (JDI) in
1986. Over the 28 years with the company, Mark has held many
positions in technical, operations and administration at all of the
organizations pulp & paper operations. Mark became the VP of
Operations in 2007, and manages the overall energy aspects of JDI.
Mark has been very active in energy management throughout his
career and served on NBs market design committee. Mark holds a
bachelor and masters degree in chemical engineering and a masters
in business administration.
Slide 20
JDI Introductory Comments JDI is a private, fully integrated
organization with over 15,000 employees in Canada and the US. JDI
has been in business over 130 years. JDI provides a wide array or
products and services worldwide through our various business units
: AgricultureForestry & Forest Products Construction &
EquipmentRetail & Distribution Consumer ProductsShipbuilding
& Industrial Fabrication EnergyTransportation & Logistics
Food The organization has manufacturing operations in five Canadian
provinces, and three U.S. states.
Slide 21
JDI Introductory Comments JDIs energy summary at a glance: The
largest power consumer in NB, with over 250 MW demand Large
consumer of natural gas, with 3 Single End Use Franchise Agreements
Largest consumer of biomass for energy generation in NB, utilizing
it in 11 manufacturing locations in the province Renewable energy
at JDI: Operates a 15 MW hydro generation facility in St. George,
as well as 35 MW of biomass fired generation at our manufacturing
facilities Actively assessing wind resources on our freehold lands
in New Brunswick and Maine, with the potential for future wind
energy developments