Energy Transition

Decarbonization is the disruptive movement that will rewrite the rules of the United States power market


Moderator: Dan Shreve, Head of Global Wind Energy Research, Wood Mackenzie




 

1:00 PM - 1:30 PM Deep decarbonisation will require deep pockets - understanding the costs of the Energy Transition

Speaker: Dan Shreve, Head of Global Wind Energy Research, Wood Mackenzie

Decarbonization is at the forefront of the US democratic primaries, fueling debate on the possibilities and pitfalls of the Energy Transition (ET). The path forward is uncharted and difficult decisions lie ahead with the potential for cascading consequences, both positive and negative. The disruptive impact of any progressive decarbonization plan will be far reaching, and require enormous political, economic and societal support to succeed.

1:30 PM - 2:00 PM The building blocks of the Energy Transition – decarbonization requires massive investments in new wind, solar and energy storage solutions

Speaker: Wade Schauer, Research Director – Americas Power & Renewables, Wood Mackenzie


United States wind and solar energy demand is booming, yet non-hydro based renewables account for only 10% of total generation in the second largest power market in the world. The scale and complexity of the decarbonization challenge is daunting and will require a nationwide infrastructure overhaul. “Upstream” capital cost estimates exceed USD 4.5T for a massive deployment of wind, solar, transmission and energy storage resources that will change the face of the United States power market.

The opportunities are as staggering, leaving many to wonder what companies or institutions are best positioned to take on the financial, operational and social challenges that lie ahead.

2:00 PM - 2:30 PM Profits v. penetration – decarbonization may jeopardize both thermal and renewable project returns

Speaker: Daniel Munoz-Alvarez, Senior Analyst - Power and Renewables, Wood Mackenzie

The Production Tax Credit and Investment Tax Credit have enabled historically low power purchase agreements for wind and solar plants across the US. The phase out of those incentives is upon us, yet there will be no reprieve for thermal generators. The LCOE of wind and solar continues to plummet, increasing renewable energy penetration as well as power market volatility. Thermal generators will suffer in energy-only markets due to power price suppression from renewable energy projects, while renewable energy projects may suffer similarly given longer project life and greater merchant tail exposure.

Power market design is top of mind for regulators and investors alike with the potential for a migration towards an infrastructure-like asset class.


 

2:30 PM - 3:00 PM Networking Break



 

3:00 PM - 3:45 PM Networks & load - how the disruptive impact of demand flexibility will impact the electricity market 

Panelists:
Elta Kolo, Research Manager - Power & Renewables, Wood Mackenzie; "J.T." Thompson, Vice President, Enterprise Accounts, Enbala Power Networks; Eric Danziger, Chief Revenue Officer, Innowatts


G
rid edge technologies coupled with innovative regulatory measures hold the promise to accelerate the decarbonization of the United States power grid by augmenting the strengths of variable generation and aligning demand to follow supply. Utilities are at the core of this transformation, enabling the physical grid evolution along with business models that make the economics pencil out. These market trends have not gone unnoticed as leading global energy companies and oil and gas majors are taking a stake via host of M&A transactions. 


This panel will discuss the transformation that is underway and the opportunities ahead for utilities and consumers.


3:45 PM - 4:30 PM Leaving behind a legacy – where do O&G firms fit within a decarbonized world 


Speakers: Richard Gruber, Chief Commercial Officer, Merit SI; Dan Shreve, Head of Global Wind Energy Research, Wood Mackenzie


The question is not if, or even when, but how fast. Decarbonization is certain to breed disruption, creating winners and losers up and down the value chain. Executives at carbon heavy companies must address investor agitation and pressure from corporate peers to diversify their businesses and/or minimize their carbon footprint.

O&G companies possess extraordinary resources, both from an economic and technological perspective. The question lies as to how to deploy those resources into business models that deliver returns in line with the expectations of shareholders.




 

4:30 PM - 6:00 PM Networking Drinks Reception

 

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