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Capital Markets DayStockholm, 4 June 2007
District heating and cooling- Case Fortum Värme
Anders EgelrudBusiness unit head
Fortum Värme
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Disclaimer
This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Fortum shares.
Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser.
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Contents
• District Heating• District Cooling• Market and CHP Potential• Planned projects
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• District Heating• District Cooling• Market and CHP Potential• Planned projects
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District heating an environmental success story
Fortum Värme's reduced emissions in Stockholm since 1980:
-60% of CO2 >95% of SO2 >80% of NOx
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Main advantages
• Enables flexible production based on optimal fuel mix• Enables combined heat and power (CHP) production• Environmentally friendly• An optimal solution within cities• Centralised production• An easy, clean and safe product
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District Heating enables CHP production
CHP potentialHeat ~70%Electricity ~30%Efficiency ~100%
Steam
Turbine
Generator
Combined Heat and Power
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CHP benefits
• Environmentally friendly• High fuel efficiency• High fuel flexibility• A key solution meeting increasing demand for Heat and Power in
urban environments• Politically uncontroversial solution for sustainability• Subsidies from power production (Green certificates)• Competitive• Still unexploited potential
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District Heating combined with CHP-The most efficient way to produce heat and electricity
Energy efficiency throughout the whole value chain from fuel suppliers to end users
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Fortum Värmes production of heat and electricity in Stockholm and emissions
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
Heat production, GWh Electricity, GWh Nitrogen dioxide, t Sulphur, t CO2, Kt
More production less emissions
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CHP lowers CO2 emission
Grams of CO2 per produced kWh
Heat
CHP
Source, Professor Björn Karlsson, Linköpings Universitet
-600 -400 -200 0 200 400
Natural gasBio fuel
OilCoal
Bio fuelNatural gas
OilHeat pump
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Fuel mix 1986 and 2006 in Stockholm
Production 5202 GWh (4432 heat, 771 electricity)CO2 1200 KtRenewable 20 % (EU's goal 2020!)
Production 10200 GWh ( 8565 heat, 1635 electricity )CO2 400 KtRenewable > 70 %
Fossil oil 44%
Electricity 12%
Waste 10%Sea water 12%
Coal 22%
Coal 14%
Fossil oil 3%Electricity 11%
Bio oil 13%
Waste 12%Seawater 16%
Industrial waste 9%
Bio fuel 22%
1986 2006
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District heating is competitive
Source: Oil prices SCB, Electricity prices Nordpool, Woodchips STEM
SEK/MWh
1 200
1 000
800
600
4001996 1998 2000 2002 2004
Electric boiler
Oil
Woodchips
Heat pump
District heating
2006
Total heating cost, normal building with new installation (193 MWh)
Price development district heating Stockholm
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• District Heating• District Cooling• Market and CHP Potential• Planned projects
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050
100150200250300350400
1994
1996
1998
2000
2002
2004
2006
District Cooling
GWh
The largest system in the world for districtcooling with 7 000 000 m2 connected
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Benefits of district cooling
• Same basic principles as district heating• Enables centralised and flexible production• Environmentally friendly• 80% free cooling from seawater
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• District Heating• District Cooling• Market and CHP Potential• Planned projects
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Fortum Värme - district heat and CHP:s
District heatCHPIndustrial co-op.City gasDistrict cooling
Igelstaverket
HMC
HögdalenverketHammarbyverket
SkogåsFarsta
VärtaverketHässelbyverket Lidingö
Järfälla
Sundbyberg Solna
Bollmora
Drevviken
Fittja
Akalla
BristaverketValsta
Vilunda
Rotebro
80 percent of business in the great Stockholm area but other areas increase in significance.
Delsbo Näsviken Sörforsa
Hudiksvall IdenorIggesund
Hofors
Torsby
ArvikaAvesta
Kopparberg/BångbroHällefors/Grythyttan
Stockholm
Nynäshamn
Örebro
LaxåGullspång
Grums/Gruvön
Säffle/NPKristinehamn
Karlskoga
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"At present the district heating capacity in Stockholm is sufficient, but it won't be in the near future. Plants for heat production have to be situated relatively close to the buildings in order to avoid lost of heat caused by transports. New sites for heat production in order to both replace old plants and to support new buildings are needed."(Soruce, Vision Stockholm 2030)
The population in Stockholm is growing
Population growth in the Stockholm area for the period 1900-2000 with estimate for year 2030. (Source, Vision Stockholm 2030)
Year
Inhabitants
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Stockholm Vision and the CHP Potential
Igelstaverket
HMC
Högdalenverket
Hammarbyverket
SkogåsFarsta
VärtaverketHässelbyverket
Lidingö
Järfälla
Sundbyberg
Solna
Bollmora
Drevviken
Fittja
Akalla
Bristaverket
Valsta
Vilunda
Rotebro
Power potentials 2007 2015Heat sales: 12 TWh 15 TWhPower sales today, 12%: 1.7 TWhPower potential, 30%: 3.5 TWh 4.5 TWh
The Stockholm area has Sweden's largest CHP potential.
The demand for new capacity increases the need to find new sites and develop existing sites.
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• District Heating• District Cooling• Market and CHP Potential• Planned projects
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Värtaverket
New bio fuelled CHP-plant at Värtan
Heat capacity 300 MWElectricity capacity 140 MW
Fuel-flexible plant allows a wide range of fuels,from 100% biomass to 100% coal
Reduced CO²-emmissions800 000 tons/year
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New waste to energy CHP-plant at Brista
• Fuel 240 000 ton waste
• 57 MW heat
• 20 MW electricity
Bristaverket"Waste to energy a win win solution for business and society"
District Heating and CoolingEnvironmental and business
intelligence in urban societies
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