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Green Is In - Emerging Opportunities In Energy And Cleantech
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Anil Saigal 10/17/2007
On October 13, 2007, Tufts University hosted "Green is In - A Workshop
on Emerging Opportunities in Energy and Cleantech" under the auspices
of TiE-Boston. More than 110 people attended the parallel workshops on
following topics. - Cleaner transportation - Innovative business models targeting consumers - Clean technologies and social entrepreneurship - Energy storage devices - Opportunities in cleaning up fossil fuel sources - Bio-fuels
The workshops were facilitated by Brad Bradshaw, Massachusetts Hydrogen
Coalition; Sudhir Nunes, Renewable Energy Trust; John Quealy, Canaccord
Adams; Vivek Soni, Boston Cleantech Partners and Chris Reohr. The
results of the workshops, identifying the problems and areas of
opportunities, were presented to the panel experts including David
Pelly of Matrix Partners, Steve Walker, New England Woodpellet, Raj
Melville and Parag Mehta. The workshop was organized by Chris
Reohr, Parag Mehta, Sudhir Nunes, and Ravi Shan. Jamshed Barucha,
Provost, Tufts University, welcomed the attendees. Everyone
agreed that the key to sustainable product design is to develop an
integrated system incorporating policy and financing,
design/manufacturing, distribution and consumer. In addition there is a
strong need for legitimate, authoritative and credible accounting
systems. Four business models were proposed. These included Google Bus
for Boston, Energy Doctor, Green Mortgage/Green Financing and
Competitions and Community Contests. Some of the key benefits of
Cleantech for residential consumers are saving money, emotional
fulfillment, easy to adopt, reduce volatility of energy costs and
maintain control/independence. However, some of the barriers preventing
widespread adoption include capital costs, regulatory compliances and
complex products. Energy storage devices need to be
further developed keeping in mind the following requirements: cost
effectiveness, enabling distributed generation, matching energy storage
technology to applications, and education about storage technology.
There are ample opportunities in cleaning up fossil fuel sources which
can be broken down in pre-combustion, combustion and post-combustion
phases. These include solvents to clean non-CO2 pollutants and
increased heavy oil and used oil yield, low N0x and slag reducing
catalysts, Hg capture, CO2 mitigation and E&P water recovery.
Potential businesses include Hg removal, fly-ash recycling, mobile
recycling of auto oil to sell to industrial boilers and plastics
recycling. Finally, it is important to address the transportation area.
People like cars. There are currently about 500 million cars in the
world and in the future if the fraction of people in China and India
owing cars is similar to that in the rest of the world, the total
number of cars could triple to 1.5 billion. The only solution to handle
this is to incentivize corporate leadership in sustainable
transportation followed by investments in transportation innovation,
incentivizing efficient vehicle operations and integrating carbon into
decision making and labeling. Opening keynote was delivered
by Robin Chase, founder and former CEO of Zipcar and CEO of GoLoCo.
Robin put in perspective the threat to global warming from
transportation activities and proposed some very innovative business
models that can address this problem with a degree of urgency. Robin
also shared stories from her experiences from building Zipcar. She
suggested that Peer to Peer networking can be leveraged to solve major
energy and environmental problems. Other highlight of the
workshop was the closing keynote talk by Carl Yankowski, CEO, Ambient
Devices; Former CEO, Palm Inc & Reebok; Former President, Sony
Electronics which focused on ‘Could the social and economic system
begin to collapse unless creatively disruptive and drastic changes are
made very soon.’ Some of the key takeaways were: - Lead in times of change - If you want to understand something, try to change it - It is not best that we should all think alike, it is a difference of opinions that make horse races - Never treat your audience as customers, always as partner
“Further more, everyone lives by selling something. Therefore, always
think of customers, never meet only exceed their expectations, think
what can be not what was or what is and finally innovate, take risk and
may be fail a few times,†said Yankowski. Finally, he talked about the
Energy Orb, an Ambient product, which emphasizes benefits not features
and the real-time cost of power, which will be the wave of the future.
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