Energy Institute. December 12 th, 2013

Transcription

1 Energy Institute December 12 th, 2013

2 1. Cleantech Practice 2. Cleantech Fund 3. Background on the Energy Institute 4. Objective 5. Founding Partners 6. Projects 7. Operating Model 8. Advisory Board 9. Metrics & Reporting 10. Next Steps Pg 2

3 Pg 3

4 Capital Raised (millions) $80 $70 $60 $50 $40 $30 $20 $10 $ Represents approximately 90% of seed and early stage Cleantech investments in Ontario, and 50% nationally Pg 4

5 Revenue (Millions) $70 $60 $50 $40 $30 $ $ $ Jobs In 2012, 84% of MaRS Cleantech client revenues came from international market sales $10 $0 $ Revenue Jobs Pg 5

6 A $30M venture capital fund targeting early stage investments in Cleantech companies with significant growth potential. Capital efficient companies where an investment of $1-4 million will enable company to reach a meaningful milestone in 1-2 years Strong intellectual property (IP) that provides a long term defensible market position and large global opportunity Managing Partners: Murray McCaig and Tom Rand 8 investments completed

7 Ontario Smart Grid Forum Report (May 2011) Ontario Energy Asset Map (March 2012) Identified Ontario as a leading jurisdiction with key assets Strong pipeline of energy innovation Highlighted need to focus on commercialization Pg 7

8 MaRS Cleantech Launched (April 2009) Future of Energy Summit (June 2012) Focus on energy data for conservation, improved efficiency through grid modernization, financing & commercializing innovation Energy Institute Assessment Report (March 2013) Over 100 stakeholders consulted TPA for $5.3m signed using unallocated funds from 2012/13 Smart Grid Fund, pending business plan approval Detailed Business Plan for the Energy Institute (May 2013) Completed with KPMG and NATIONAL Public Relations Approval of Business Plan and Preparation for Launch (December 2013) Pg 8

9 Build on Ontario s leadership position in Smart Grid Technology Economic growth exporting technology and expertise to international markets Sustainable job creation Improve efficiencies in the operation and planning of Ontario s energy grid for the benefit of consumers Research and Development Technology Development & Demonstration Commercialization Market entry Patents Applications & Solutions Innovation Demonstration Fund (IDF), Smart Grid Fund Energy Data Utility Innovation Integration Smart Meters Energy Management Pg 9

10 TPA commits $5.3m and targets $2.1m in partner contributions Currently tracking to $5m in partner contributions In-Kind Support: Pg 10

11 Conservation from Energy Data Energy Management for Regional Planning Ontario is the first jurisdiction to implement the standard consistently with 2.7m households now online with Green Button LDC Innovation Prioritization Alignment of the OEB, IESO & OPA on Energy Management Techniques to enable increased grid operation and efficiency Partnerships & Market Development Planning underway to launch Smart Grid Compass to help Ontario Utilities improve efficiency and customer satisfaction Advancing discussions with EU-JRC for Energy and Transportation and the Global Storage Alliance on energy system optimization Pg 11

12 Green Button Update Green Button Connect My Data pilots with London Hydro and Hydro One launched in November, Four companies selected for pilots: 1. Energent 2. Eyedro 3. Zerofootprint 4. Builtspace 60% of province has access to GB DMD standard data with implementation from 8 utilities. Ontario Apps for Energy Challenge currently underway with over 200 participants registered.

13 Legislative overview of enabling access to electricity data Utility Consumer 3 rd Party Apps

14 Consumer authorization 3rd party App Utility Consumer finds an app on the app store or app website OPTIONAL: Consumer selects an app from a list of 3 rd party apps Consumer reviews scope of access, T&C s of app and selects Utility Consumer gets redirected to Utility s authorization URL Consumer selects usage point, reviews scope of access and accepts (or rejects) authorization grant Result of authorization is presented to the consumer on the app Consumer gets redirected to 3 rd party s authorization URL

15 Green Button and Privacy Green Button only allows consent based access to data. i.e. a consumer is the only party that can authorize the use of his or her electricity consumption data with a third party app. The agreement on how that data is used lies solely between the consumer and the consent that they provide to the 3 rd party application. No different from the consent that consumers provide to: Rogers for home security, energy management, internet or cable Microsoft for Windows or Office Apple for itunes Apps for streaming TV, web browsing/shopping etc

16 Facilitating Collaboration among Ontario Stakeholders Maximizing the value of existing assets Helping LDCs improve efficiency and customer satisfaction Leveraging MaRS Platform and Stakeholder Resources Roundtables and working groups to structure projects Examples: Energy Data Working Group for Conservation, Diffuse Benefits Challenge Catalyzing International Partnerships Examples: European Commission Joint Research Centre, Global Storage Alliance Pg 16

17 Nine member Advisory Board Government (2), Multinational (2), SME (1), Utility (1), MaRS (1), International Advisory Firm (1), Financial Sector (1) Each project will have a Project Working Group including at least one board member as an Advisor Pg 17

18 Draft metrics developed with KPMG: final metrics to be set with Partners pre-launch Institute-Level, Project-Level and Industry-Level metrics Regular reporting to the Advisory Board; Public Annual Report Strategic Goals Operational Metrics Financial Metrics Identifyandfacilitateexport oportunities Examples: ProvideEconomic Oportunitiesfor Ontario Emergeasabeaconfor global interests Enhancetheprovincial reputationat international tradeshowsandconferences Institute-Level Metrics Activity-basedmetricstomonitor international outreachand engagement withstakeholders Provideinternational exposurethroughspeakingengagementsandtradeshows Deliver strategicinternational comunicationsincludingnewsleter andwebinars Colect andcolateinternational oportunitiesfromdfait/medteposts Publishwhitepapersontrendsininternational energymarkets Financial measurement indicators for useinanual andquarterly reportsfor theinstitute. Foster Cros- Industry Colaboration Emergeasa comercialization champion Developproject teamsand networksacrosthei novation valuechain Advanceconectionswith global markets Identifyisues, bariersand oportunitiesbydeveloping reports&recomendations Present thesefindingsto policy- anddecision-makers Securelong-termfundingfrom Maintainaselfsustainingbusines industrycontributions model Ensureefficient alocationof resources, valuefor investors Project-Level Metrics Selected, asrequired, froma continuouspol of quantitative andqualitativemetrics. Industry-Level Metrics Economicindicatorsthat give insight intotheimpact of the Instituteontheenergysector. Submit op-edsfor publicationsindomesticandinternational publications Examples: Timelinetrackingwithinvolvement of workinggroupsandadvisorypanels Regular touch-pointswithexternal consultantsandadvisorypanel members Hoursdedicatedtoproject byworkinggroupmember vs. HoursalocatedbytheBoard Growthof revenue/salesfor major project stakeholders, asmeasuredover set timeframe Growthof specificindustry/product/servicethat issubject of aproject WorkingGroup Examples: Number of ful-timeemployeshiredbyinvolvedstakeholder SMEs Number of OntarioSMEsconectedwithwithinternational market oportunities Host smal workshopsandproducereportswithldcstoadvancethesmart energygrid Introducenewtolsthat promoteprioritization/cordinationefortsfor smaler LDCs Host smal eventswithmncstoshowcasepromisingtechnologiesfromontariosmes Host largeshowcaseworkshopstotoprovidelinkagesbetwenmncsandldcs Revenue/ Capital Raised: Number of FundingPartnerships Timingof FundingContributions Sizeof FundingContributions FundingExpectationsvs. Reality ProjectedExpenditures: OperatingExpenseBreakdown Budget vs. Actual Variance Timingof Significant Expenses Project vs. Operational Split High-level BalanceShet Pg 18

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