ormat as a case study - weizmann institute of science · ormat as a case study. ... principle of...
TRANSCRIPT
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Yehuda L. BronickiYehuda L. BronickiOrmat Industries, Ltd.Ormat Industries, Ltd. P106
070807
ORMAT as a Case Study
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
1477
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Geothermal Power Plant Technologies
1584
Conventional Steam Power Plant Binary
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Geothermal Energy
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Geothermal Energy Potential
* U.S. onlySources : Geothermal Energy Association (GEA), A Guide to Geothermal Energy & the Environment (2005);
WGA Geothermal Task Force Report (January 2006) Update on US Geothermal Power Production and Development (GEA,May2007) The future of geothermal energy, MIT(2006) ; Update on World Geothermal Development (GEA), (2007) and International Geothermal Association www.iga.igg.cnr.it/ (2005)
U.S. Geothermal Potential (MW)U.S. Geothermal Potential (MW)
12,6002,850
2007Installed
CurrentTechnology
EnhancedTechnology
100,000
World Geothermal Potential (MW)World Geothermal Potential (MW)
72,500
100,000
9,500
2007 Installed
CurrentTechnology
EnhancedTechnology
*
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Enhanced Geothermal System (EGS)
– Ormat
– Geothermex, Inc
– University of Utah,Energy & GeoscienceInstitute
– University of NevadaReno
– Financial support of the DOE
Collaborative R&D project
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Yehuda L. BronickiYehuda L. BronickiOrmat Industries, Ltd.Ormat Industries, Ltd. P106
070807
ORMAT as a Case Study
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
2. COMPANY MISSION: Clean Energy from Sustainable Resources
MALI, Africa 1966 Village Power
GREEN Before it was FashionableGREEN Before it was Fashionable
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
A Global Geothermal Presence~ 900 MW of Ormat Geothermal Plants Worldwide
100 MW Mokai I & II Geothermal Power Plants in New Zealand
2000
125 MW Upper Mahiao Geothermal Power Plant, the Philippines
1996
57 MW Ormesa Geothermal Complex in California Imperial Valley
1987-1989, 2002
14 MW Sao Miguel Geothermal Power Plant in Azores Islands
1994, 1998
In the past decade ORMAT’s plants, in 23 countries, avoided the emission of 28 million tons of CO2 and saved 13 million tons of oil
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Solar Pump in Mali, Africa1966
1976
Reliable Electricity for Safety Control on the TransAlaska Pipeline
3. PRODUCT EVOLUTIONFrom Solar Pumping unitTo Unattended Power Units for Remote Applications
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Principle of Operation of the OEC
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
From Solar Pond to Geothermal Power Plants
Geothermal Power Plants
5 5 MW Solar Pond Power PlantMW Solar Pond Power Plant
Solar Pond Power Plant
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
4. POSITIONING IN THE FOOD CHAIN
Evolution of the Business Model
Consolidated RevenuesConsolidated Net Income
EQUIPMENT SUPPLY
30 MW 1986
Ormesa I, Imperial Valley -USA
TURNKEY PROJECTS
14 MW 1994-1998
San Miguel, Azores islands
OWNERSHIP / IPP
49 MW 1997
Leyte, the Philippines
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Designs, manufactures and sells
units for electricity generation
Owns 70 patents and leading technology
Built ~ 900 MW of power plants and> 2,600 remote power units
Installed in 71 countries on 6 continents
6. BUSINESS OVERVIEW
75% of 2006 Revenues 25% of 2006 Revenues
Geothermal generation
Recovered energy generation
Long-term contracts
PowerPowerGenerationGeneration ProductsProducts
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
7. STRATEGY
To base on Original TechnologiesTo focus on Niche Market with Large-PotentialTo adopt DNA of Large CompaniesTo secure the position in the “Food Chain”To monitor Changes in the Environment
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
POWER UNITS
SYSTEMS
EPC
DEVELOPMENT
BOO
ACTIVITY/MANUF.
MIX
APPLICATION
ECONOMY
LEGISLATION
DRIVERS
SOLAR
1960 1970 1980 1990 2000
HIGH OILPRICE
TELECOM PIPELINES
LOW OIL PRICE
PURPA DEREG. KYOTO
EPC
ELECTRICITY
SYSTEMS
POWER UNITS
SALES
Implementation of the Strategy over time
REGGEOTHERMAL
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
8. COMPANY CAPABILITIES
R & D
Vertical IntegrationBusiness Development
EngineeringQuality
Assurance
Procurement
MaintenanceOperation
Manufacturing
Installation
Contracting
Financing
R & D
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Ort-Ormat Vocational School, since 1971
1046-H
Involvement in the Community
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
1106-H
BiotechnologyPCB and FPD
The Ormat Hi-Tech Incubator
Modest Investment– A Lot of Coaching
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
Athabasca Bitumen
OrCrude™ TECHNOLOGYTransforming heavy oil to premium synthetic crude oil, by using a
process utilizing proven components
Athabasca Bitumen
OrCrude™ TECHNOLOGYTransforming heavy oil to premium synthetic crude oil, by using a
process utilizing proven components“Reverse Geothermal”
Steam injected to “melt” oil (SAGD)
Hot oil and water flow to the surface
Separate oil from water
Recover waste heat
a. Clean Fuel From Heavy Oil
Geothermal power plant Steam assisted oil recovery
Reverse geothermal
9. APPLYING THE MODEL TO OTHER DOMAINS
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
b. Biofuels
Develops unique technology providing a 100% diesel compatible product (B100), as opposed to currently used 2-20% biodiesel mixtures with standard diesel fuel (b2 TO b20
R&D program for production of feedstock; Ormat to invest $13.5 M over the next 5 years in R&D
Intends to develop biodiesel production facilities based on vegetable oil/tallow
Intends to develop new non edible crop
©C
opyr
ight
. 200
6 O
RM
AT
–A
ll rig
hts
rese
rved
.
RÉFLEXIONSSUR LA
PUISSANCE MOTRICEDU FEU
**SUR LES MACHINES
PROPRES A DÉVELOPPER CETTE PUISSSANCE
PAR S. CARNOTANCIEN ÉLÈVE DE L’ÉCOLE POLYTECHNIQUE
A PARIS,CHEZ BACHELIER, LIBRAIRIE,
QUAI DES AUGUSTINS, No. 55**
1824
“On ne doit pas se flatter de mettre àprofit, dans la pratique, toute la puissance motrice des combustibles. Les tentativesque l’on ferait pour approcher de cerésultat seraient même plus nuisiblesqu’utiles, si elles faisaient négligerd’autres considerations importantes. L’économie du combustible n’est qu’unedes conditions à remplir par les machines à feu, dans beaucoup de circonstances, elle n’est que secondaire, elle doit souventcéder le pas à la sûreté, à la durée de la machine, au peu de place qu’il faut luifaire occuper, au peu de frais de son établissement, etc. Savoir apprécier, danschaque cas, à leur juste valeur, les considerations de convenance et d’économie qui peuvent se presenter, savoir discerner les plus importantes de celles qui sont seulement accessoires, les balancer toutes convenablement entreelles, afin de parvenir par les moyens les plus faciles au meilleur résultat, tel doitêtre le principal talent de l’homme appeléà diriger, à coordonner entre eux les travaux de ses semblables, à les faire concourir vers un but utile de quelquegenre qu’il soit.”2524
The economy of the combustible is only one of the conditions to be fulfilled in heat engines. In many cases it is only secondary. It should often give precedence to safety, to strength, to the durability of the engine, to the small space which it must occupy, to small cost of installation, etc. To know how to appreciate in each case, at their true value, the consideration of convenience and economy which may present themselves; to know how to discern the more important of those which are only accessories to balance them properly against each other, in order to attain the best results by the simplest means: such should be the leading characteristics of the man called to direct, to co-operate towards one useful end, of whatsoever sort it may be
Conclusion