capturing the power of nature iowa stored energy park advancing renewables in the midwest...
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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
CAPTURING THE POWER OF NATURE
Iowa Stored Energy Park
“It’s The Responsible Thing To Do”
CAPTURING THE POWER OF NATURE
▪(Animation from Web Site)
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.
CAPTURING THE POWER OF NATURE
The Site Fits CAES Storage Requirements
Size
Depth
Porosity
Permeability
Cap Rock
Chemistry
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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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
CAPTURING THE POWER OF NATURE
▪Iowa Stored Energy Park
“It’s The Responsible Thing To Do”
What Energy Customers Say…
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
CAPTURING THE POWER OF NATURE
Load Duration Curve
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0% 10% 20% 30% 40% 50% 60% 70% 80% 90%% Hours
Dem
and
M
W
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Energy Generation
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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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Costs $/MWh in 10% to 50% Capacity Factor.
0
10
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Coal-PC CC SC CAES
Compression
Fuel + VOM
Fixed Costs
$/MWh
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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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Funding to date
▪$1,000,000 from Municipal Utility Funds
▪$3,500,000 from Federal Funds
CAPTURING THE POWER OF NATURE
Moving Forward
▪Leaving Research Phase▪Entering Development Phase
Research Development Construction ending 2007 -2009 2009 - 2011
CAPTURING THE POWER OF NATURE
▪Iowa Stored Energy Park
For more information:
Kent Holst ISEPA Development Director319.239.8968 [email protected] www.isepa.com