Title: Accelerating the move to a low carbon economycommercialising low carbon technologies
1Accelerating the move to a low carbon
economy-commercialising low carbon technologies
2A low carbon economy would satisfy environmental
and economic aims
UK Carbon Emissions Trajectories MtC
Low Carbon Investment Prioritisation
High Potential
Historic Emissions
Invest for
Attract
domestic
inward
use and
investment
export
eg first
CCPR Baseline
generation
eg wave and
tidal stream
photovoltaics
UK
Current forecasts
Environmental
20 reduction target
CCPR/ER best case
objective
750 MtC Gap
Invest for
export
Do nothing
eg stationary
fuel cells for
Africa
Low Potential
60 reduction aspiration
Low Potential
High Potential
UK Economic objective
3The Carbon Trust is a catalyst for low carbon
enterprise
- The Carbon Trust was set up by government as an
independent company - Our mission is to accelerate the move to a low
carbon economy - We work with organisations to reduce carbon
emissions and develop commercially viable low
carbon technologies - To deliver our mission we bring together public
and private funding and encourage cross sector
partnerships - As a Company Limited by Guarantee any profits we
make are reinvested to help deliver our mission
4Our activities are divided into five
complementary business areas
Insights Explains the opportunities surrounding
climate change
- Innovations
- Develops lowcarbon technologies
- Investments
- Finances clean energy businesses
- Solutions
- Delivers carbon reduction solutions
- Enterprises
- Creates lowcarbon businesses
5Support is required tackling barriers along the
innovation journey
Technology journey
1 or 2 individuals (sweat equity)
Form venture (or new unit) (Friends family)
Bring in first outsider (Angel or seed)
Recruit specialists (Venture Capital)
Grow operational staff (IPO)
30-50 employees (Revenue)
Company journey
No interaction (Technology push)
Rational economic purchase (Market pull)
Market Field trial (Recognition)
Early adopt-ers niches (Benefit quantified)
Markets identified (Indifference)
Technology market evolution (Feedback)
Market journey
General Regulation neutral or positive
General Regulation neutral
Specific Regulation positive
General Regulation positive
Regulation journey
General Regulation neutral or negative
6Technology Accelerators working with industry to
remove barriers to commercialisation
Marine
- Taking a strategic, sector-based approach to
- Development of new low carbon technologies
- Adoption of existing low carbon technologies
- Common barriers addressed include
- Economic (e.g. uncertainty over future costs)
- Technical (e.g. unproven performance)
- Regulatory (e.g. insufficient incentives)
- Information (e.g. lack of awareness)
Biomass
Metering
Micro-CHP
Example Publications
CURRENTLY IN PROGRESS
IN SCOPING
COMPLETED
Micro-CHP
Marine Energy Accelerator
CCS Power Industrial
Marine Energy Challenge
Offshore Wind
3.7m
3.3m
3.5m
10m
Pipeline
Biomass Heating
Low Carbon Buildings
Building Materials
Advanced Metering
Industrial Energy Efficiency
5.0m
9.5m
1.2m
7Offshore Wind Accelerator
- Joint initiative with Energy Technologies
Institute - 30m, 4 year research, development and
demonstration initiative focused on key areas of
offshore wind farm design, construction and
operation - In close collaboration with offshore wind farm
developers active in UK industry - Developers now invited to express interest in
becoming involved as co-funders and help shape
the project -
Collaborative structure
Key benefits to developers
- Advanced learning to improve economics of future
projects - Shared costs and risks compared to in-house RDD
- Opportunity to tackle issues requiring
cross-industry cooperation
Carbon Trust c. 10m
Developers c. 20m total
c. 30m
Contractors delivering range of RDD projects
8Directed Research targeted research focused on
specific areas with high commercial potential
- Projects designed and led by Carbon Trust to
accelerate early stage low-carbon technologies - Aims to capitalise on existing UK research
strengths - From science to technology
- From laboratory to production
- Delivered via creation of new SPVs or company
Expressions of Interest
InvestmentCase Detailed Plan
Identify emergingtechnology
Set up vehicle to deliver
Deliver Programme
Fuel Cell Materials
Advanced Bio-Energy
Advanced Photovoltaics
- Currently early stage scoping
- Likely focus on delivering lower cost materials
set for PEM fuel cells
- EOIs in progress
- Expect to commit 5-10m
- Current focus is on pyrolysis oil, algae and
novel biofuels
- Work underway
- Committed up to 5m to develop organic PV in
partnership with TTP and Cambridge University - Likely to back another consortium too