The Business of Energy OR The Business of Changing
Author : stefany-barnette | Published Date : 2025-05-19
Description: The Business of Energy OR The Business of Changing How Much Energy We Use Martha Amram PhD CEO Ennovationz Senior Fellow The Milken Institute December 3 2010 Overview More than Energy is Changing Capitalism The Invisible Green Hand
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Transcript:The Business of Energy OR The Business of Changing:
The Business of Energy OR The Business of Changing How Much Energy We Use Martha Amram, Ph.D CEO, Ennovationz Senior Fellow, The Milken Institute December 3, 2010 Overview More than Energy is Changing Capitalism -- The Invisible Green Hand We Consume – But Demand is Unpredictable We Innovate – But Its Risky We Miss Our Robust Capital Markets! We Arrive -- The Post-Carbon World 2 More than Energy…. 50% $800B 25% 2.8B 3 Who You Gonna Call? Legislative policy Clear winners and losers; Small scale; EX: Cash for Clunkers Regulatory policy Captive regulators; Reactive; EX: Off-shore drilling moratorium Non-profits/NGOs Loss of funding; Lack of persistence; EX: Community development Capitalism: Foresight, persistence, scalable The Invisible Green Hand – No master plan 4 Unintended Consumption http://oee.nrcan.gc.ca/corporate/statistics/neud/dpa/data_e/CAMA03/chapter1.cfm?attr=0 5 Avg size of fridge (cubic feet) kWh per cubic foot Weak Price Signals Daily electricity use (kWh) Price of Electricity (cents per kWh) 42¢ 12¢ 35¢ 25¢ 13¢ PG&E – Northern California Daily electricity use (kWh) Price of Electricity (cents per kWh) 4¢ 8¢ Seattle City Light TOO COMPLEX TOO CHEAP Daily electricity use (kWh) Price of Electricity (cents per kWh) 7¢ 8¢ DTE (Detroit) TOO FLAT Daily electricity use (kWh) Price of Electricity (cents per kWh) 8¢ 5¢ Cedar Falls, IA DECLINING WITH USE 6 Consumers Buy Embedded Energy Efficiency… Or Not 7 6% of electricity in CA Quiet sells At 25¢ 20% penetration CA: No more subsidies 1 TV = 1 Fridge Successful Solar is a Combo Product 8 Source: Solar City: California Solar Initiative Program Database Two Styles of Venture Investing 9 $1.3B Technology Risk Only $2.4B Market Risk Only IDEA DEVELOP TECHNOLOGY LAUNCH PRODUCT DRIVE TO SCALE “Chindia Price” “It’s the Biz Model” Disruptive & Cool Seldom Succeeds C-Crete Technologies 10 GreenFuel Technologies Capital Market Disconnects 11 Stock Market No New Entrants/IPOs High Cost of Transparency Venture Capital Capital Flight Huge Funds/Big Deals Debt – Origination No Credit Risk Who goes first? Debt – Securitization Frozen No Interest In Innovation Frozen Secondary Markets 12 New ABS We Arrive: The Post-Carbon World Enormously changed facts on the ground Energy issues imbedded in falling quality of life issues Carbon policy remains a low priority Save energy/lower carbon because of higher prices and pressure on the family budget No quick adoption of disruptive technologies A world of individual actors moves more slowly than we want, and change is more chaotic than we plan for
