Challenges and Opportunities: Democratising

Energy

The Power is in your Hands

Molly Webb

Founder at

Energy Unlocked

Ben Kott

Founder and

CEO Energy

Deck

Seth Kleinman

Global Head of

Energy Strategy -

CitiGroup

Hosted

by:

Event

Sponsors

FROM KNOWN KNOWNS TO THE SCIENCE OF INTERSTELLAR

- May 2017 -

Run Buildings Better

EnergyDeck mission

Enable organisations to reduce building operating costs, increase efficiency, and enhance occupant well-being & productivity

May 2017 www.energydeck.com 3

May 2017 www.energydeck.com

2000 2010 2020

Commercial buildings v. connected toothbrushes

2017

Average building is 25 years behind the technology curve

4

1990

Building operations today (known knowns)

May 2017 www.energydeck.com

Manual reads

Very few meters

Meters disconnected

Utility bills

Invoice validation

“Looks OK to me”

Manual alarms

Regression analysis

Manual only

“Let it roll” (BMS)

“Make it cold!” (aka manual override)

5

SENSORS ANALYTICS CONTROLS

ANALYTICS OFTEN STILL SPREADSHEET AND REPORT/PDF BASED

There is hope - the future is happening now

May 2017 www.energydeck.com

30,000+ sensors

Fully Internet of Things (IoT) enabled

The Edge, Amsterdam

3 meters

Minimal configuration

300 meters

Fully sub-metered

6

Case study: large office block

• Multi tenant, multi use

• Hundreds of data feeds, mostly well documented

• Detailed asset & usage data

• On-site energy manager

May 2017 www.energydeck.com 7

Too much data for a human to

monitor by hand (eye)

Approach: “Calendar cluster heat map”

May 2017 www.energydeck.com 8

GOOD

OK

HIGH?

Shift

Shift?

Difference? Difference?

Case study: large airport

• Massively multi-use

• Extreme fluctuations in usage

• Thousands of meter feeds

• Metering mostly at aggregated level (e.g. distribution boards)

• Hundreds of potential parameters

• Difficulty to justify retrofit ROIs

May 2017 www.energydeck.com 9

Impossible to manage with

traditional methods

Need: multi-dimensional & probabilistic view

• Scientifically Proven

• Educated Guess

• Wild Speculation

May 2017 www.energydeck.com 10

SP

EG

WS

Credits: Paramount Pictures / Kip Thorne

Approach: partial dep. of consumption vs. parameters

May 2017 www.energydeck.com 11

PARAMETERS (“FEATURES”)

CO

NSU

MP

TIO

N “C

LUST

ERS”

HIGH LOW

May 2017 www.energydeck.com 12

Airport takes 3-6 hours to respond to traffic &

external conditions

Relative humidity plays crucial role in energy

consumption

Wind is blowing into exhausts and influencing

HVAC performance

Use air traffic & weather forecasts to control

plant

Correctly commission and maintain HVAC

plant

Shield air intakes and exhausts from wind

SP EG WS

INSIGHTS GAINED CAN DRIVE ACTIONABLE MEASURES / VERIFICATIONS

Mission statement - updated

May 2017 www.energydeck.com 13

EnergyDeck Ltd 35 Paul Street

London EC2A 4JY www.energydeck.com info@energydeck.com

Let’s DATA science the sh*t out of this!

Credits: 20th Century Fox / EnergyDeck

Commodities Strategy | May 2017

Challenges and Opportunities in the Energy Transition

Seth KleinmanAC

Managing Director

seth.kleinman@citi.com

+44 (20) 7986 4556

See Appendix A-1 for Analyst Certification, Important Disclosures and non-US research analyst disclosures

Citi Research is a division of Citigroup Global Markets Inc. (the "Firm"), which does and seeks to do business with companies covered in its research reports. As a result, investors should be

aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.

Certain products (not inconsistent with the author’s published research) are available only on Citi's portals.

This presentation was approved for distribution on 15 Ma7 2017; the disclosures in Appendix A1 are current as of the same date.

Asia Is Already The Only Meaningful Energy Short Left

Global Energy Net Balance (MTOE) Renewables Investment by Country/Region ($bln)

14

0

North

America S. & Cent. America

Europe &

Eurasia

1,500

12

0 1,000 10

0 8

0 500

6

0 0

4

0 2

0

-500

0 -1,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2014 2015 2016

US

Europe India

Brazil

Middle East &

Africa APAC

Americ

as

China

-1,500 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011

2014

Clean Energy Growth Now Driven By Cost, Environment and Energy Security

Source: BP, IEA, Citi Research

1

Middle East Africa Asia Pacific

Renewables Growth Continues To Crush Forecasts

IEA Solar PV Capacity Forecasts Against Actual

Source: IEA, Carbon Tracker, Citi Research

2

Change Is Happening, Faster Than The Market Accepts

Global Electricity Demand Growth vs. Renewables

Generation Growth (TWh)

Forecasts of Future Oil Demand (m b/d)

Sol

ar

Win

d

Hyd

ro

Electricity

Demand Growth 140

0 120

0 100

0 80

0 60

0 40

0 20

0 0

-

20

0 -

40

0

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

Source: IEA, BP, Citi Research

3

Challenges and Opportunities – This Changes Everything

Challenges:

Socio-economic implications for energy exporters ─ rising risks to energy security

during transition

What is the growth model left for EMs? Especially if you combine cheap clean energy

with a 3D printing revolution in manufacturing ─ wither global trade?

Things are changing fast, but not fast enough (climate change)

Stranded asset risk – underestimated implications for financial markets

More prosaically – grid Integration

Opportunities:

Grid integration and management

A global economy unconstrained by hydrocarbon availability

A Star Trek replicator? This is a necessary (though admittedly not sufficient) step

4

© 2016 Singularity University

SingularityU London

24th May 2017

Challenges and Opportunities: Democratising

Energy: The power is in your hands

Path to exponential growth and abundance – Grow with the

Chapter

Structured

Unstructured

Start Up

Growing Up

Grown Up

Unconferences / Accelerators

/ Private Public Alliances

Abundance

Big and Bold Co-Creation

Summit / GIC

Abundance Summer Festival

Movie Showings / Breakfast Briefings

Speaker Events

Singularity Dinners / Meetups

1-

100

100 –

100k

100K – 1Bn

Start Up

Theme 1: Beyond our Boundaries

Event #1: "Beyond our Boundaries:

becoming more than human"

Theme 2: Challenges and

Opportunity

Event #2: "Challenges and

Decisions: solving humanity's

biggest problems"

Theme 3: Abundance or

Extinction

Event #3: "Abundance or Extinction:

exploring the consequences of

technology"

Growing Up

Abundance Summer

Festival 100 –

100k

Beyond Our

Boundaries

Governance and

Security 1-

100

May

31st

June

15th

August

tbc

1-

100

Grown Up

To Be Co-Created!!

We are building our

Sponsorships

Step forward and join

us

Innovate, elevate, inspire

Gratitude

Newsletter subscription Facebook group

Website

Speaker / Sponsor signup

Twitter handle

YouYube channel Linked In group

How to get involved …

Challenges and Opportunities: Democratising

Energy

The Power is in your Hands

Molly Webb

Founder at

Energy Unlocked

Ben Kott

Founder and

CEO Energy

Deck

Seth Kleinman

Global Head of

Energy Strategy -

CitiGroup

Hosted

by:

Event

Sponsors