- Work Top Down: with CEO’s, investors, and other thought leaders to see the full scope of the world’s current energy and environmental system, as well as the wide range of possible changes.
- Work Bottom Up: in collaboration with ‘pre-investable’ developers and entrepreneurs, policy analysts, and other experts on the nuts and bolts of advancing breakthrough projects (i.e., design business models/capital structures/supply chains/address IP issues, etc).
- Focus on Niche Markets: to move early projects.
- Build Networks: link typically silo’ed doers and capital players – i.e., NGCC/CCS project developers with EOR practitioners with Chinese financiers.
- Stay Opportunistic: acknowledge the dynamic nature of energy and obstacles encountered – i.e., unprecedented large energy project capital cost escalation, precipitous and unanticipated gas price declines, etc. – shifting efforts as appropriate.
We Face an Unprecedented Challenge:
Double the world’s energy supply while zeroing out CO2 emissions by 2050
Half of the world’s 7 billion and counting people are currently living in energy poverty.
Fossil fuel use (coal, oil, gas) is larger now than at any time in world history, with energy use expected to double by 2050, more than doubling C02 emissions (35 to 77 Gt).*
*MIT 2014 Climate and Energy Outlook
Regardless of significant efficiency gains, as developing countries move towards middle income levels, they will see substantial ‘first time demands’ (steel mills, refrigerators, cars, air conditioners, etc).
Meanwhile, ‘committed C02’ (emissions accrued from existing coal and nat gas plants) continue to rapidly eat up the carbon budget, in addition to annual emissions.
For example, existing coal plants from the power sector today (without carbon capture) will consume 40% of the remaining 500 GT we are able to emit (ever). In China, that would account for only half of all coal combustion.
ALL OF WHICH MEANS THE PLANET IS ON TRACK FOR THE PROJECTED WORST CASE SCENARIO (3.2-5.4 degrees C)
To avoid this fate, nearly every major report by the UN and other authorities over the past several years have said we need to deploy a suite of zero-carbon energy options (i.e. renewables, nuclear, energy efficiency, carbon capture and sequestration).
What We Do
Energy Options Network (EON) is an incubator created to multiply and accelerate the portfolio of zero carbon energy options available to tackle climate change.
Policy (very often) follows possibility, therefore we work to move technologies from promising to ‘investable’ by collaborating with an array of stakeholders including innovative technology developers and entrepreneurs, companies exploring new business models, investors, and regulators. We also forge critical links between the US and China.
As most future energy system growth will likely take place in the developing world, we focus on technologies practical for application there.
EON’s FIRST SET OF TECHNOLOGY TARGETS INCLUDE NUCLEAR, ADVANCED NUCLEAR, CARBON CAPTURE AND SEQUESTRATION, AND AMMONIA FUEL.
WE ARE ALSO IN THE PROCESS OF DEVELOPING A SMALL MENU OF POTENTIALLY TRANSFORMATIVE (VERY EARLY STAGE) TECHNOLOGIES WHICH WE BELIEVE EON’S COMMERCIALIZATION AND FINANCIAL INNOVATION EXPERTISE CAN HELP PROPEL FORWARD.