steve westly presentation to san jose rotary club 6/2/2014
TRANSCRIPT
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The Greentech Revolution
2200 Sand Hill Road, Suite 250 Menlo Park, CA (650) 275-7420 [email protected]
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We have a global problem ….
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Too Much Pollution
Harvard Institute of Public Health expects 83 million people in China to die from lung related diseases
in the next 25 years
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It’s a Global Problem
25% of particulates over Los Angeles came from Asia
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Changing Climate
34% reduction
Date Sea Ice Area(millions of km²)
2000 7.0
2010 4.6
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New Oceans
“There is a phenomenal event taking
place … we haven’t had an ocean open
on this planet since the end of the Ice
Age.”
Admiral Gary Roughead
United States Chief of Naval Operations
June 16, 2011
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Help is on the way: Domestic Mandates
California RPS: 33% by 2020
Texas RPS: 5.9GW by 2015
New York RPS: 30% by 2015
Ohio RPS: 25% by 2025
Virginia RPS:12% by 2022
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65 Countries Mandate Renewable Energy
■ Germany
- Closed 7 nuclear plants, close all by 2022
- RPS: 20% today, 35% by 2020
■ China
- Fund $15 billion for electric vehicle R&D
- Exceeded 70 GW of wind in 2013
- Targeting 220 GW of solar & wind by 2017
- Target 30% non-fossil fuel by 2015
■ Japan
- 52 / 54 nuclear plants offline
- RPS: 10% today, 35% by 2030
- 10 GW solar installed this year
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Even the Pope…
9
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Falling Costs Driving Increasing Revenues
Source: US Solar Market Insight Report: Q3 2013, GTM Research,SEIA
Cost of Global Utility Scale PV
2010 – 2012
US PV Installation Forecast 2010-
2016E
Source: Sustainable Energy in America Factbook 2014, Bloomberg
New Energy Finance
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Three Revolutions You Should Know About
1. Utilities
2. Buildings
3. Cars
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1) Utilities:
• Massive move solar and wind (50% all new power is renewable)
- Lower prices
- Financing
• Power storage cheaper
• Customer Engagement
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2) Smarter, More Efficient Buildings
• Buildings use 40% of energy
• Buildings becoming digital
• LED lights, sensors, smart windows, and software
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3) Electric Cars
• 8 years ago, EV’s were a pipe dream
• Tesla has $25B market cap
• EVs are becoming:
Faster Safer Cheaper Cleaner
95% improvement of cost and range over 25 years
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Self Driving Cars Are Coming
• Self Driving Cars will
be:
Faster
Safer
Cleaner
More Efficient
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Silicon Valley is the center of this revolution
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Ne Plus Ultra