mwcog – the solar advantage
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MWCOG – The Solar Advantage. Todd Foley Director, Business Development BP Solar. BP Commitment to Solar. Large Solar Manufacturer & Marketer ($300 Million in Revenues; product in 160 countries) 18%Market Share - PowerPoint PPT PresentationTRANSCRIPT
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MWCOG – The Solar Advantage
Todd Foley
Director, Business Development
BP Solar
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BP Commitment to Solar
• Large Solar Manufacturer & Marketer ($300 Million in Revenues; product in 160 countries)
• 18%Market Share• Largest User of Solar Power-6
Mega Watts Deployed on 380 Service Stations & Other Structures
• Solar is Core of Alternatives Strategy with Wind, Fuel Cells & Hydrogen - $500 million invested ’01-’03
• Local: HQ in Frederick
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Solar Power = High-Value Electricity
• Peak Power Shaver (not base load) • Distributed Power Source - Power at
Point of Demand• Enhances Energy Security &
Reliability – no maintenance or fueling• Infinitely Scaleable• Aesthetically Pleasing • Zero Emissions – offsets emissions
from conventional sources• Jobs!
– 36 for every MW installed– CA today:
• 4000+ jobs• 450+ companies
DemandPV Output
00:00 12:00 24:00
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PV Market Growth/Drivers •34% Market Growth in 2003•574 Mega Watts in 2003•Rising Electricity Costs & Growing Demand: 45% in next 20 years •Fuel Diversity – Price Hedge •T&D Constraints•Cost Reduction: 5% p.a.•Overcoming Regulatory Hurdles
– Incentives– Simple & Uniform Net
Metering/Interconnection Standards
•Environmental Impact of Energy Use•Consumer/Voter Popularity: 91% polled by USA Today Prefer Solar Power to Other Sources
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Global Market
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US Market by Segment – 66 MW; CA 80%
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Solar Applications
• Homes• Buildings+EE:
– Commercial
– Public/Schools, etc.
• Remote/Off-Grid Needs:– Signage
– Parks
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Issues for Continued Growth
• Commitment/Leadership
• Level Playing Field:
– Simple & Uniform Net Metering & Interconnection Standards
– $$$ Value for “External” Benefits
– Codes/Covenants
• Funding/Incentives:
– RPS
– Public Benefits Charges/Rebates
– Tax Credits
• Awareness: utilities, consumers
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Local/State Leaders
• California– LADWP
– SFPUC
– SMUD
– San Diego
• Chicago
• New Jersey
• New York
• Arizona
• Nevada
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New York
Chicago Washington, DC
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