capturing the power of nature iowa stored energy park advancing renewables in the midwest...
TRANSCRIPT
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CAPTURING THE POWER OF NATURE
Iowa Stored Energy Park
Advancing Renewables in the Midwest
Anheuser-Busch Natural Resources Building
March 28, 2007
Kent Holst
Development Director
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CAPTURING THE POWER OF NATURE
Iowa Stored Energy Park
“It’s The Responsible Thing To Do”
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CAPTURING THE POWER OF NATURE
▪(Animation from Web Site)
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CAPTURING THE POWER OF NATURE
Where We Are:
▪We’ve found the geologic formation.
▪The Department of Energy backs the project.
▪Energy customers support the idea.
▪Investors are coming on board.
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CAPTURING THE POWER OF NATURE
The Site Fits CAES Storage Requirements
Size
Depth
Porosity
Permeability
Cap Rock
Chemistry
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CAPTURING THE POWER OF NATURE
▪Located west of “downtown” Dallas Center, Iowa
▪Within city limits, but still primarily rural
▪Landowners & citizens coming on board
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CAPTURING THE POWER OF NATURE
Why The Department Of Energy Backs ISEP
▪Increased demand requires new resources
▪Federal & State mandates on emissions likely
▪Trends, challenges, and needs point to ISEP
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CAPTURING THE POWER OF NATURE
▪Iowa Stored Energy Park
“It’s The Responsible Thing To Do”
What Energy Customers Say…
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CAPTURING THE POWER OF NATURE
▪Helps reduce/control MY household energy costs
▪Uses a resource (wind) not being used enough
▪Can decrease dependency on foreign energy
▪Can decrease dependency on fossil fuels
▪Is a clean and healthy source of energy
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CAPTURING THE POWER OF NATURE
Load Duration Curve
0
2
4
6
8
10
12
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%% Hours
Dem
and
M
W
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CAPTURING THE POWER OF NATURE
Energy Generation
0
2
4
6
8
10
12
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
% Hours
Diesel
GT
CAES
Wind
Coal 2
Coal 1ISEP
Demand
in
MW
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CAPTURING THE POWER OF NATURE
Costs $/MWh in 10% to 50% Capacity Factor.
0
10
20
30
40
50
60
70
80
90
Coal-PC CC SC CAES
Compression
Fuel + VOM
Fixed Costs
$/MWh
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CAPTURING THE POWER OF NATURE
How Much Would CAES Save?
•268 MW of CAES can save utility owners $5 Million per Year in cost of energy *
•Additional operational savings will come from better flexibility of CAES
•Black & Veatch: 200 MW CAES offers system benefits of $100 million/year
* Comparison: CAES to CC or Coal at 30% Capacity Factor
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CAPTURING THE POWER OF NATURE
Funding to date
▪$1,000,000 from Municipal Utility Funds
▪$3,500,000 from Federal Funds
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CAPTURING THE POWER OF NATURE
Moving Forward
▪Leaving Research Phase▪Entering Development Phase
Research Development Construction ending 2007 -2009 2009 - 2011
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CAPTURING THE POWER OF NATURE
▪Iowa Stored Energy Park
For more information:
Kent Holst ISEPA Development Director319.239.8968 [email protected] www.isepa.com