placeexpo: low carbon uk: dr stephen finnegan, liverpool john moores university
DESCRIPTION
Dr Stephen Finnegan, Liverpool John Moores University and Low Carbon Innovation HubTRANSCRIPT
Dr Stephen Finnegan
What is the Low Carbon Innovation Hub?
• The Low Carbon Innovation Hub is funded by the European Regional Development Fund therefore no initial investment is needed from the companies that we work with.
• The project has the potential to bring significant economic benefits to the SMEs of Merseyside, supporting businesses to reduce emissions and develop low carbon technologies that will put the region at the forefront of new and expanding global markets.
• LJMU has niche and unique strengths in low carbon technologies and has a key role to play in the implementation of the low carbon agenda across Merseyside.
Overview of three themes
Renewable Energy
• Resource Efficiency
• Energy from Waste and Biomass
• Sustainable Business Practices
• Sustainability Agenda
Low Carbon Technologies
• Smart Building Technologies
• Energy Management
• Carbon Finance
• Low Carbon Design and Planning
Environmental Management and Clean Technologies
• Environmental Monitoring
• Air Pollution Control
• Waste Management
• Water/ Waste Treatment
• Facility Management
Example 1: Sensors for Industrial Applications
Direct measurement
Flexible sensors…
O. Korostynska, A. Mason, and A. I. Al-Shamma’a, "Flexible Electromagnetic Wave Sensors for Real-Time Assessment of Water Contaminants," in Sensing Technology: Current Status and Future Trends I. vol. 7, A. Mason, S. C. Mukhopadhyay, K. P. Jayasundera, and N. Bhattacharyya, Eds., ed: Springer International Publishing, pp. 99-115, DOI: 10.1007/978-3-319-02318-2_6, 2014.
Embedded sensors
WirelessData transmission for use as part of a wider management system.
ProcessorComputational power
for data processing and analysis.
Sensors For parameters such as temperature, humidity,
etc.
Example 2: Low Carbon Finance
- Why is this topic important?- Business Risks- Options for consideration- Detail some of the financial options and implications- Summary
Low Carbon Finance
Annual Energy Cost
Additional Cost£xxx
2013 20202015
£XX,000
Increases, levies and
taxes*
2030
Why is this important?
Energy Cost
10-20%
* CCL, CPF
Annual Energy Cost
Additional Cost£xxx
2013 20202015
£XX,000
Increases, levies and
taxes
Energy Saving
10-20%
Possible Saving
£xxx
2030
Energy Cost
10-20%
Why is this important?
Energy Spend
£XX
Revenue Growth
£XX
Profitability
£XX
Business Risk
Strategy Associated Risks
Rising Fuel costs – Logistics and other vehicles New technologies & business opportunities- (new fuels)
Rising Energy costs – buildings, facilities, offices etc.Increasing regulation & future security of supply
Regulation Uncertainty - (Price of carbon)Reporting Accuracy (Civil penalties)
Costs of Reputational Risks
Fuel
Energy
Carbon Emissions
Brand & Reputation
Revenue
Profit
Energy
Business Risk
Strategy Associated Risks
Rising Fuel costs – Logistics and other vehicles New technologies & business opportunities- (new fuels)
Rising Energy costs – buildings, facilities, offices etc.Increasing regulation & future security of supply
Regulation Uncertainty - (Price of carbon)Reporting Accuracy (Civil penalties)
Costs of Reputational Risks
Fuel
Energy
Carbon Emissions
Brand & Reputation
Revenue
Profit
Energy
Business Risk
We can act as an independent 3rd party
Options for consideration
Financing options
Outright purchase Bank loan Grant
- Energy Efficiency Financing (EEF)
- Enhanced Capital Allowance (ECA)
- Power Purchase Agreement (PPA)
- Energy Services Companies (ESCO)
Energy Services Companies (ESCO)
Energy Services Companies (ESCO)
Originally heated by oil and LPG
Measures
• Energy saving lighting and pump control• Heat saving fans and air handling units• Renewable technology PV and biomass• Smart meters
Summary
Consider how we can help you Also consider the risks to your business Develop an action plan to mitigate risk Select the right solution Assess the financial implications
Contact
Dr Stephen Finnegan