Energy Institute December 12 th , 2013
1. Cleantech Practice 2. Cleantech Fund 3. Background on the Energy Institute 4. Objective 5. Founding Partners 6. Projects 7. Operating Model 8. Advisory Board 9. Metrics & Reporting 10. Next Steps Pg 2
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$80 2012 Represents $70 Capital Raised (millions) approximately $60 2011 90% of seed $50 and early 2010 $40 stage $30 Cleantech $20 investments in Ontario, and $10 50% $0 nationally Pg 4
$70 325 $64.7 $59.0 $60 275 In 2012, 84% 275 of MaRS Revenue (Millions) $50 225 Cleantech client $40 175 Jobs revenues 170 came from $30 125 104 international market sales $20 75 $10 25 $10.6 $0 -25 2010 2011 2012 Revenue Jobs Pg 5
A $30M venture capital fund targeting early stage investments in Cleantech companies with significant growth potential. ■ Capital efficient companies where an investment of $1-4 million will enable company to reach a meaningful milestone in 1-2 years ■ Strong intellectual property (IP) that provides a long term defensible market position and large global opportunity ■ Managing Partners: Murray McCaig and Tom Rand ■ 8 investments completed
Ontario Smart Grid Forum Report (May 2011) Ontario Energy Asset Map (March 2012) • Identified Ontario as a leading jurisdiction with key assets • Strong pipeline of energy innovation • Highlighted need to focus on commercialization Pg 7
MaRS Cleantech Launched (April 2009) Future of Energy Summit (June 2012) • Focus on energy data for conservation, improved efficiency through grid modernization, financing & commercializing innovation Energy Institute Assessment Report (March 2013) • Over 100 stakeholders consulted • TPA for $5.3m signed using unallocated funds from 2012/13 Smart Grid Fund, pending business plan approval Detailed Business Plan for the Energy Institute (May 2013) • Completed with KPMG and NATIONAL Public Relations Approval of Business Plan and Preparation for Launch (December 2013) Pg 8
• Build on Ontario’s leadership position in Smart Grid Technology Economic growth exporting technology and expertise to international markets • Sustainable job creation • • Improve efficiencies in the operation and planning of Ontario’s energy grid for the benefit of consumers Research and Commercialization Market entry Technology Development Development & Demonstration Energy Data Utility Innovation Applications & Patents Innovation Demonstration Solutions Fund (IDF), Smart Grid Fund Energy Smart Meters Management Integration Pg 9
� TPA commits $5.3m and targets $2.1m in partner contributions � Currently tracking to $5m in partner contributions In-Kind Support: Pg 10
Conservation from Energy Data Energy Management for Regional Planning Alignment of the OEB, IESO & OPA on Energy Ontario is the first jurisdiction to implement Management Techniques to enable increased the standard consistently with 2.7m grid operation and efficiency households now online with Green Button Partnerships & Market Development LDC Innovation Prioritization Planning underway to launch “Smart Grid Advancing discussions with EU-JRC for Energy and Transportation and the Global Storage Alliance on Compass” to help Ontario Utilities improve energy system optimization efficiency and customer satisfaction Pg 11
Green Button Update • Green Button Connect My Data pilots with London Hydro and Hydro One launched in November, 2013. • Four companies selected for pilots: 1. Energent 2. Eyedro 3. Zerofootprint 4. Builtspace • 60% of province has access to GB DMD standard data with implementation from 8 utilities. • Ontario Apps for Energy Challenge currently underway with over 200 participants registered.
Legislative overview of enabling access to electricity data Consumer Utility 3 rd Party Apps
Consumer authorization Utility 3rd party App Consumer finds an app OPTIONAL: on the app store or app Consumer selects an website app from a list of 3 rd party apps Consumer selects usage Consumer reviews point, reviews scope of scope of access, T&C’s access and accepts (or of app and selects Consumer gets redirected to rejects) authorization grant Utility Utility’s authorization URL Result of authorization is presented to the consumer on the app Consumer gets redirected to 3 rd party’s authorization URL
Green Button and Privacy � Green Button only allows consent based access to data. i.e. a consumer is the only party that can authorize the use of his or her electricity consumption data with a third party app. � The agreement on how that data is used lies solely between the consumer and the consent that they provide to the 3 rd party application. No different from the consent that consumers provide to: – Rogers for home security, energy management, internet or cable – Microsoft for Windows or Office – Apple for iTunes – Apps for streaming TV, web browsing/shopping etc
Facilitating Collaboration among Ontario Stakeholders • Maximizing the value of existing assets • Helping LDCs improve efficiency and customer satisfaction Leveraging MaRS Platform and Stakeholder Resources • Roundtables and working groups to structure projects • Examples: Energy Data Working Group for Conservation, Diffuse Benefits Challenge Catalyzing International Partnerships • Examples: European Commission Joint Research Centre, Global Storage Alliance Pg 16
• Nine member Advisory Board • Government (2), Multinational (2), SME (1), Utility (1), MaRS (1), International Advisory Firm (1), Financial Sector (1) • Each project will have a Project Working Group including at least one board member as an Advisor Pg 17
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