Achieving the Full Portfolio: Climate Technology Demonstration Initiatives NARUC Winter Meetings/ERE Committee February 17, 2008 Ellen Petrill Director, Public/Private Partnerships [email protected] www.epri.com.
Download ReportTranscript Achieving the Full Portfolio: Climate Technology Demonstration Initiatives NARUC Winter Meetings/ERE Committee February 17, 2008 Ellen Petrill Director, Public/Private Partnerships [email protected] www.epri.com.
Achieving the Full Portfolio: Climate Technology Demonstration Initiatives NARUC Winter Meetings/ERE Committee February 17, 2008 Ellen Petrill Director, Public/Private Partnerships [email protected] www.epri.com EPRI Climate Technologies Action Plan • Prism/MERGE results • Required technology advancements • Demonstration projects • Next steps © 2008 Electric Power Research Institute, Inc. All rights reserved. 2 EPRI Prism: Technical Potential for CO2 Reductions 3500 * Achieving all targets is very aggressive, but potentially feasible. 3000 U.S. Electric Sector CO2 Emissions (million metric tons) EIA Base Case 2007 2500 2000 Technology 1500 EIA 2007 Reference Target Load Growth ~ +1.5%/yr Load Growth ~ +1.1%/yr 30 GWe by 2030 70 GWe by 2030 12.5 GWe by 2030 64 GWe by 2030 No Existing Plant Upgrades 40% New Plant Efficiency by 2020–2030 150 GWe Plant Upgrades 46% New Plant Efficiency by 2020; 49% in 2030 CCS None Widely Deployed After 2020 PHEV None 10% of New Vehicles by 2017; +2%/yr Thereafter < 0.1% of Base Load in 2030 5% of Base Load in 2030 Efficiency Renewables Nuclear Generation 1000 500 Advanced Coal Generation DER 0 1990 1995 © 2008 Electric Power Research Institute, Inc. All rights reserved. 2000 2005 2010 3 2015 2020 2025 2030 8 Trillion kWh per Year 7 Coal Gas Oil Hydro Solar Demand with No Policy w/CCS w/CCS Nuclear Wind Biomass Demand Reduction 8 Full Portfolio 7 Limited Portfolio 6 6 5 5 +260% +45% 4 4 3 3 2 2 1 1 0 2000 2010 2020 2030 2040 2050 2000 2010 2020 *Economy-wide CO2 emissions capped at 2010 levels until 2020 and then reduced at 3%/yr © 2008 Electric Power Research Institute, Inc. All rights reserved. 4 2030 2040 0 2050 Trillion kWh per Year Increase in Real Electricity Prices…2000 to 2050 Achieving the Full Portfolio: Required Technology Advancements 1. Smart grids and communications infrastructures to enable full exploitation of end-use efficiency, demand response, distributed generation, and PHEVs. 2. Transmission grids and energy storage infrastructures to enable intermittent renewables 3. Expanded deployment of advanced light-water reactors 4. Advanced coal generation units with CO2 capture and storage © 2008 Electric Power Research Institute, Inc. All rights reserved. 5 Achieving the Full Portfolio: Launch the Technology Technology Challenges Smart Grids and Communication Infrastructure Transmission Grids and Energy Storage Infrastructures Advanced Light Water Reactors Coal Generation Units with CO2 Capture and Storage Demonstration Projects Smart Grids for EE, DR, PHEV Compressed Air Energy Storage Concentrated Solar Power Plant (CSP) CCS using Chilled Ammonia CCS using a Different Technology Advanced Pulverized Coal Plant – UltraGen I IGCC with CCS Low-Cost O2 Production © 2008 Electric Power Research Institute, Inc. All rights reserved. 6 Status • Developing business plans • Scoping funding needs • Anticipate EPRI Board launch in April © 2008 Electric Power Research Institute, Inc. All rights reserved. 7 Climate Technology Demonstration Projects Require Urgent Attention • Prism/MERGE shows need for full portfolio • Technology challenges must be addressed • EPRI members taking leadership roles to move forward • Demonstration projects require broad support • We want to collaborate with you © 2008 Electric Power Research Institute, Inc. All rights reserved. 8