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Storing for the Future

Storing for the Future. Beating the Elite. Maciej Nowicki Ι Martin Weiss Ι Vladimir Zejda Ι Pawel Zoltko. The Challenge. We were asked:.

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Storing for the Future

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  1. Storing for the Future Beating the Elite MaciejNowickiΙ Martin Weiss Ι Vladimir Zejda ΙPawelZoltko

  2. The Challenge We were asked: “How can DONG Energy leverage its portfolio of technologies and partnership to profitably lead the next revolution in the energy sector – providing a clean yet reliable energy supply?” While operating in an environment that is: increasingly competitive and consolidated & focused on clean energy. And answered: By concentrating on a new strategy that follows the 3 key pillars of DONG Energy: Clean Utilizes the company’s key strengths and is focused on the long term profitability. Reliable Profitable

  3. Evaluating DONG’s Technology Portfolio Longterm Growth Potential Current Focus Clean Reliable TOTAL Wind 13 Renewables 10 Hydro 9 Coal Generation Biomass 10 12 Gas Exploration & Production 11 Oil 12 Gas

  4. DONG has a great potential in the growing European wind energy market MARKET DONG Wind Energy Market: Target & Consumption (Europe) Global leader in offshore windparks 30% marketshare Extensive experience Decidedexpansionplans Growth to 34GW by 2020 EU support Renewableenergyadvancement (German phase-out,...)

  5. Energy storage as a solution to low reliability The great downside of wind power farms is their unpredictability. Fluctuations in output Unreliability Weather Efficient wind energy management Energy Storage Reliable power supply & stable power network Long term competitive advantage in the renewable energy sector An edge in the new trends emergence (e-cars, smart grids) Improved trading opportunities

  6. Drivers & Constraints of energy storage 1-2yrs 3-5 yrs 6-10 yrs EU legislation and efforts (20-20-20) Intermittent nature of renewable energy Growth of electric vehicles/smart grids DRIVERS Expensive grid upgrades deferred 1-2yrs 3-5 yrs 6-10 yrs Low energy density CONSTRAINTS Long implementation period High investment costs Impact: high medium low

  7. Reducing risks Energystorageisa newterritoryfor DONG Energy. Thismeansrisk. Lack of technological know-how Capital intensive project (lack of resources) Gainaccess to R&D, knowledge, lower the projectcosts, and attractexternalinvestors. Strategic partnershipw/ a energystoragespecializedcompany/-ies to

  8. Choosing the right partners Storage Energy Players Potential Partners Chosing the solutution Preference Technology Used for Prefered in windfarms Battery Farms located near caverns CAES Likely impl. in the long term Hydrogen

  9. Battery technology High potential for development – costs likely to drop considerably, efficiency to rise COSTS From $508/kWh for a 10MW, 10MWh unit to $196/kWh for a 10MW, 40MWh unit Total plant costs: $227/kWh for a 100MWh plant $810/kWh for a 10MWh plant

  10. Conclusion The energy storage project will lead to: Efficient wind energy management Reliable power supply & stable power network Long term competitive advantage in the renewable energy sector An edge in the new energy industry trends emergence (e-cars, smart grids) Improved trading opportunities Answers the call to utilize the technology and partnerships portfolio asked by the managementin a clean, reliable, and profitable way.

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