Opportunity in Renewable Energy Alastair Nicol Element Consultants Ltd BSc CEng MEI Is renewable energy real business opportunity ? Some facts and figures Market dilemmas Some business opportunities Why is energy so important Energy for heating Energy for Lighting Energy for transport Energy for manufacturing Energy for food (fertiliser for 1 acre is the equivalent of driving a car 600miles) Currently 2-5% of world gas production is used for food . Existing fossil fuel consumption Fossil Fuels Oil 3,081,190,000 gallons/day Natural gas 8,829,863,013 m3/day 2,042,278,575 gallons of oil equivalent/day Coal 10,203,561 tonnes of coal/day 2,617,723,739 gallons of oil equivalent/day Total 7,741,192,314 gallons of oil equivalent/day Perspective Important to have perspective. World daily oil consumption is the equivalent of a cube ¼km Do you really think that does not have an impact on the environment ? Does not stop there Nuclear 419,510,000 gallons of oil equivalent/day Hydro 556,326,917 gallons of oil equivalent/day Renewables 136,920,383 gallons of oil equivalent/day Total Hydro/Renewables 693,247,300 gallons of oil equivalent/day Grand Total 8,853,949,614 gallons of oil equivalent/day The UK problem Population/km2 – UK = 260 – France = 119 Food self sufficiency – UK = 60% – France = 124% UK has not sufficient land to give over to renewable crops or biomass The Business opportunities Every conceivable energy source will be required thorium! Solar Wind Biomass Energy from Waste Agricultural residue Energy crop Hydro A/D Tidal from Chicken litter to The Business opportunities Primary Spin Off Solar Electrical design, panel design, grid management technology, Maintenance, Power storage, transmission efficiency, Battery tech, Inverter and electronics tech Wind Electrical design, panel design, grid management technology, Maintenance, environmental impact, Biomass Harvest, Drying Tech, Processing tech, Storage Tech, handling tech, Combustion tech, Emissions Tech – Ash processing. Energy from Waste Waste collection, Processing, Sorting Tech, energy recovery, Storage Tech, handling tech, Combustion tech, Emissions Tech – Ash processing. Agricultural residue Waste collection, Processing, Sorting Tech, energy recovery, Storage Tech, handling tech, Combustion tech, Emissions Tech – Ash processing. Energy Crop Bio Tech, Bio Engineering. A/D Bio Tech, Bio Engineering, chp, panel design, grid management technology, Maintenance, Power storage, transmission efficiency, Battery tech, Inverter and electronics tech. Gas compression, Gas injection Second use fuels Opportunities for gasification, pyrolysis, combustion Forestry waste Spent grain Straw Chicken litter Waste wood Significant Barriers to SEAP 2015 Grid connection Inherent grid weakness Underinvestment in protection and reinforcement Opportunity arises £300,000 t/o SME developing WAN based power factor controllers, Phase balance, line reactors and paralleling control – leading design and exportable tech. Opportunity Fuels Distillers’ dried spent mash Coffee grounds Wood chip A & B grades wood mix Palm oil press residue Peanut shell Wheat / rice / barley straws Olive wastes Vine cuttings Rice husk Element Consultants Solar PV feasibility Solar Thermal Installation Wind Feasibility Wind site and performance monitoring Future fuels electrical power generation Future fuels combined heat and power Element Consultants Specialist in combustion technology Plant and product design Future fuels industrial steam Future fuels electrical power generation Future fuels combined heat and power Element Consultants Design calculation advice Product development support Health and safety compliance PUWER compliance CE marking Design review Expert opinion in contemplation of legal proceedings Business mentoring Design and function briefing Design advice Marketing support Synergistic support Funding support True strengths are technical Element Consultants DETINI - SEAP 2015 Invest NI – Significant contributors Pleased to be a part of the programme Around this afternoon for discussion