Presentation on theme: "NORTHWEST ENERGY ANGELS JANUARY 27, 2011 J. THOMAS RANKEN PRESIDENT AND CEO WASHINGTON CLEAN TECHNOLOGY ALLIANCE Cleantech in Washington: Our Future Economy?"— Presentation transcript:
NORTHWEST ENERGY ANGELS JANUARY 27, 2011 J. THOMAS RANKEN PRESIDENT AND CEO WASHINGTON CLEAN TECHNOLOGY ALLIANCE Cleantech in Washington: Our Future Economy?
What is Cleantech in Washington? Cleantech Business Models How are New Economic Sectors Created? What is the Washington Clean Technology Alliance? Forecasts!
What Might Cleantech Look Like in WA? Energy Efficiency/Green Buildings Smart Grid Aviation Biofuels X-Factor
Cleantech Business Models Environmental Remediation Technology Conservation
Creating New Sectors Aerospace Agriculture Forest Products Software/Internet Cell phones Wine Life Sciences Coffee
Creating New Sectors Technology Key Entrepreneurs: Bill Gates, George Weyerhaeuser, Howard Schultz, Craig McCaw, Jeff Bezos Academic and Non-profit Research Resources
How Does Washington Stack Up? Cleantech is a relatively understandable industry for angel investors. We have great research institutions. We have an export tradition. Entrepreneurship is part of our culture. The state has been a tradition of being an environmental leader. We have a breakaway company: McKinstry.
How Does Washington Stack Up? We think we have won already. Financing is difficult. Low cost of energy. Green efforts do not equal green jobs. Economic and regulatory goals are not aligned.
WCTA Mission The mission of the WCTA is to support the development of clean technology companies, jobs, and products in Washington state.
Segmenting the Market LargeCoreService DescriptionGreater than 100 employees employees, organizational purpose is in providing cleantech products and services Seek to develop client base in the sector ExamplesBoeing, McKinstry, PNNL, City of Seattle, Dept. of Commerce, PSE, UW, WSU, SnoPUD Prometheus, Thomas James, Eco-Tec, Grays Harbor Paper, ecoFAB, Mithun, Eco-tec Stoel Rives, Jon Kroman, enterpriseSeattle, Port of Bremerton, Greater Spokane
Primary Functions of the WCTA Government Affairs Networking Events Communications Business Services Information Brokering and Operations
Upcoming Efforts Breakfast with Glen Hiemstra, Feb 9 Cleantech Day in Olympia, Feb 16 WCTA/Boeing Presentation of Carbon Nation, March 1 Smart Grid Breakfast, April 6 Working with CTO on possible events in June and Fall
Forecast Moses Lake BMW Factory: Moses Lake has been selected as the manufacturing site of carbon-fiber parts for BMW's upcoming Megacity electric car. The 60- acre, $100 million facility will employ 80 workers manufacturing components for compact, battery- powered vehicles designed for urban travel. This project proves that cleantech can bring a prestigious global brand to WA and create lasting, skilled jobs.
Forecast Biofuels: Cleantech is highly competitive, which is why Washington should focus where it has a comparative advantage. One such sector is biofuels, and especially aviation fuel, given our regional aerospace industry. Boeing and Alaska Airlines are joining WSU, the Port of Seattle, the Port of OR, and Spokane International Airport in the Sustainable Aviation Fuels Northwest project.
Forecast Green Buildings: Upgrading the energy efficiency of buildings is one of the most effective clean technologies. State and local green-building standards are high and WA builders have risen to meet them. Companies like McKinstry essentially split the savings from conservation upgrades in existing buildings between themselves and the client.
Forecast Political Climate: The Republican takeover of the House and gains in Senate seats indicate an enormous ideological shift with practical consequences for cleantech. With a presidential election looming in 2012, it's hard to foresee either side of the aisle making compromises to get things done. Expect two years of gridlock and progressive losses of federal support for cleantech.
Forecast Washington State Budget: With a projected budget shortfall of $5.7 billion between 2011 and 2013, all state programs are taking a hit, including cleantech initiatives. Projects that would receive support in better years will be in for fight.
Forecast Composite Building Materials: In 2011, NewWood in Elma is launching a wood-plastic composite board that will put urban wood to use, not waste. NewWood is designed to have the flexibility and dimensional strength of wooden materials with the durability of plastic.
Forecast Electric Vehicle Charge Stations: As hybrid and all- electric vehicles gain traction in the US auto market, electrical charging stations are popping up to serve them. Bellevue City Hall is installing a pair of stations in the visitors' parking lot. The stations are part of a network of 4,600 public and home stations installed through the $37 million ChargePoint America program, a DoE initiative partly funded through an American Recovery and Reinvestment Act grant.
Forecast Washington Smart Grid Leadership: By overlaying the existing electrical networks with IT systems and energy-conservation devices, smart grid technology saves energy and money by routing electricity where and when it costs least. The PNW Smart Grid Demonstration Project is setting up test grid projects at 12 NW utilities. Sponsored with stimulus funding matched in part by utilities, the stage is set for WA to take a leading role in moving smart grid utilization forward.
Forecasts Geothermal Exploration: The Snohomish County PUD is exploring for geothermal deposits that may one day power 35,000 homes. Funded in part by DoE stimulus money, five test wells are being drilled in the Cascade Range. While the PNW has enjoyed relatively inexpensive energy in the past from sources such as hydropower, higher prices, and funding for renewables could unlock geothermal energy potential.
Forecasts One thing's for certain: The potential importance of these predictions are considerable, but uncertain. However, one prediction is a sure thing: I predict the unpredictable. Clean technology is moving fast and remarkable surprises are coming.
J. THOMAS RANKEN PRESIDENT AND CEO WASHINGTON CLEAN TECHNOLOGY ALLIANCE (206) Cleantech in Washington: Our Future Economy?