tips and musings about building clean energy businesses and a clean energy future
TRANSCRIPT
Roger BallentinePresident, Green Strategies, Inc.
University Clean Energy Association of OhioFriday, February 28, 2014
U.S. is quickly becoming its own greatest source of oil thanks to shale production
But Not Just Gas; Unconventional Production Means New Oil Reality
Canada (28%)Saudi Arabia (13%)
Mexico (10%)Venezuela (9%)
Russia (5%)
Paradigm Shift: North America becoming World’s Oil King
Shale production has enabled the U.S. to become an oil exporter even under tight restrictions
◦ Energy not an end product
◦ Petroleum is wonderful
◦ Price of fossil fuels: “Cheap”
◦ Mature and amortized old energy infrastructure.
◦ Plentiful and cheap energy enables economic vitality
◦ Lots of people make lots of money on old energy economy.
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◦ Price does NOT equal Cost – anathema to a “free” market
◦ A democratically-imposed market manipulation
◦ Policy has been overt, pernicious and phenomenally successful
◦ But it has been a societal, democratic choice
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Clean Energy Needs Market and Business Model Innovation
o New energy offerings may need to offer more than energy – and more than “clean” --(information/resiliency/ convenience)
o Financial and business model innovation can address balance sheet hesitancy and large capital costs (solar has done this with distributed PPA offerings; energy efficiency has done this through on bill financing and energy savings payback models)
o Energy companies need to think beyond energy companies (communications/IT/data management sectors are all potential clean energy channel partners)
– Better align price and cost of incumbent energy (regulation/carbon tax/other)
– Reinvent regulated utility model
– Continued government R&D and deployment help
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And Yes, Clean Energy needs Policy Innovation
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