The solutions will involve… • Cleaner energy production • Smarter energy consumption Both of these will need… • New technology to be applied • New business models to be devised
Nuclear
Onshore wind Offshore wind
Carbon Capture
Geo-thermal
Cleaner energy production
Wave
Tidal
Solar Multi-fuel plants
Co-firing
Onshore wind
Nuclear Carbon Capture
Geo-thermal
Solar
Cleaner energy production
Offshore wind
Wave
Tidal
Multi-fuel plants
Co-firing
Demand Side Management
Dynamic Pricing Control and optimisation
Distributed Generation
Localised Storage
Smarter Energy Consumption
Real time metering
Active Grid Management
Electric Vehicles Intelligent Buildings
Energy efficiency
Demand Side Management
Dynamic Pricing
Distributed Generation
Localised Storage
Smarter Energy Consumption
Electric Vehicles
Intelligent Buildings
Energy efficiency
Control and optimisation
Real time metering
Active Grid Management
How does a utility respond given that… • Up until recently we spent little on R&D
• Our business model has been largely unchanged for 100 years
Innovate Mainstream activities and investments
Portfolio of venture investments \ partnerships • SSE Ventures set up 18 months ago • Minority stakes in emerging technology and business • Money and… – – – –
Engineering Routes to market Procurement Management support
• Both direct and indirect stakes • Investing in Energy Networks
SSE Ventures – Existing Direct Investments
12
SSE Ventures – Existing In-direct Investments
13
Can big utilities survive in a decentralised energy market?
Utilities need to • Clean up energy production techniques • Improve \ Introduce new ways to reduce consumption • Innovative mainstream activities • Portfolio of venture investments and partnerships • Balanced generation portfolio • We need a range of solutions 14
Can big utilities survive in a decentralised energy market?