What is the best strategy to facilitate the decarbonization of existing tower properties?
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Transcript of What is the best strategy to facilitate the decarbonization of existing tower properties?
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What is the best strategy to facilitate the decarbonization of existing tower properties?
Sustainability Innovations Case CompetitionJanuary 21, 2017
Stakeholder: Entrepreneurs presenting to Building Owners
Presentation prepared for
Team: Need for SEEDTeam Members: Ally Cunliffe | Amber Daniels Josephine Pham | Safwan Rahman | Carlos Ruiz
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Situational AnalysisRecommendation Business Models and SWOTFinancialsQ&A
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Agenda
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Situational Analysis
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Transportation is the second highest GHG emitter in Canada4
Source: Environment and Climate Change Canada
GHG Emissions by Sector in Canada
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Ontario relies on nuclear, hydropower and natural
gas.
QC, BC, MB, NL, and YT
have significant
hydroelectric resources
The Maritimesrely on hydro,
fossil fuels, nuclear, and non-hydro renewable resources.
Electricity Trends in Canada
#4Canada ranks 4th
in renewable power generation.
Other Provinces:Alberta - Phase out coal-fired generation by 2030 Saskatchewan - Increase renewable energy to 50% by 2030Nunavut - Goal of reducing dependence on fossil fuels through energy conservation and increase renewables
Source: National Energy Board 5
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Ontario’s GHG Emissions by Sector and Energy Use
6Source: Ontario Ministry of the Environment and Climate Change Source: IESO
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Recommendation
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How to Decarbonize Existing Towers?
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How to Decarbonize Existing Towers? Recommendation:Install electric vehicle (EV) charging stations
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Exponential growth in 5 years…. THE FUTURE IS CLEAR
Source: International Energy Agency
EV Global Trends
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+500 Public Charging Stations in Ontario by March 2017
Source: Ontario Ministry of Transportation
80-90% of charging happens at home
Growing Popularity of EVs = More Charging Stations
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An EV can reduce GHG emissions by 67-95% per vehicle compared to a gas vehicle.
Even a 10% increase in EVs in 2020 can reduce GHGs by 236,000 metric tonnes in Ontario.
Since 26% of Ontarian household lives in a residential tower.
Imagine their impact if they have the opportunity to switch over to EVs.
Impact of EVs on GHG Emissions
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Business Models and SWOT
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Building owners pay 100% to install EV charging stations for communal usage.
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Strengths:- Highest adoption rate for EV
purchases - Community sharing- Hassle-free for EV owners- Help lower GHG emissions
Opportunities:- Resident attraction and retention
through additional amenities offered
- Partner with neighbouring buildings/businesses
Weaknesses: - Increased maintenance and efforts - Red tape (applications, condo
board approvals)
Threats:- Potential changes in Condo law
(Condominium Act)
1. Plug Share/Community Charging
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2. Incentive for EV Owners
EV owners receive government grant, up to $1,000 to install an EV charging station
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Strengths:- Own a dedicated charging
station - Offset cost for charging station- Lead by example
Opportunities:- Attract tenants in the market for
a new car (marketing promotion)- Partner with stakeholders
Weaknesses: - Highest cost to building owner- Red tape (applications, condo
board approvals)
Threats:- Changes in Condo law
(Condominium Act)- Changes in Government
incentive programs
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3. Third Party Vendor Utilize a third party vendor (e.g. Autochargers) to install EV charging stationsVendor will charge a small service fee per useBuilding owner could recover some costs by setting a higher price for premium parking or higher amenity fees
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Strengths:- Low cost to building owners - Could be personal or
community charging model- Maintenance & administration
covered by 3rd party
Opportunities:- Encourage competition among 3rd party
vendors- Attract & retain tenants - Lead by example- Increase brand awareness through
stakeholder partnerships
Weaknesses: - EV owners could be paying
high prices to charge their cars
Threats:- Changes in Condo law (Condominium
Act)- Potential changes in vendor company
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Financials
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Level 1: Between $1K - $3K
Level 2: Between $5K - $17K; most common in residential towers
Level 3: Between $60K- $80K
18Source: Canadian Condominium Institute-Toronto and Plug’n Drive
Cost of Retrofitting
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$140-160 million in incentives for EV car owners
$80 million to install charging stations
Additional funding to replace older cars, increase public awareness, etc.
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Ontario Climate Change Action Plan
Source: Ontario Ministry of the Environment and Climate Change
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$19.8 million to-date for 485 Level 2 & Level 3 chargers
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Source: Ontario Ministry of Transportation
Despite all this, 80-90% of charging happens at home.People need access to charging stations at home.
EVCO Incentives for EV Charging Stations
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Impact of Proposal
Transportation is the largest source of GHG emissions in Ontario, second largest in Canada10% increase in EVs can reduce GHGs by 236,000 metric tonnes26% of Ontario households live in towersImage their impact
Appeal to Stakeholders
Attract new owners - give EV owners the chance to live in towersIncrease property value and revenue opportunity Become an early adopter and beat the regulations Lead by example: EV chargers are billboards for sustainability
Novelty of Strategy
Thinking outside the box by pushing the (building) envelope Use an emerging technology and become an innovator
ScalabilityEV charging stations can be in every residential building in CanadaEven if current electricity mix remains non-renewable in some provinces, switching to EVs will reduce GHGs
Addressing transportation is the best strategy to decarbonize existing tower properties.
In Summary – Chase the Right Rabbit…
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Thank Youand Q&A
Team: Need for SEEDTeam Members: Ally Cunliffe | Amber Daniels Josephine Pham | Safwan Rahman | Carlos Ruiz