1 Prepared for Energy and Mines World Congress BNEF coverage Clean energy Advanced transport Digital industry Advanced materials Solar Wind Storage Impact on power & utilities Frontier power Electrified transport Autonomous driving Shared mobility Impact on transport Impact on oil & power Decentralized energy Internet of things Automation & advanced analytics Commodities LNG & gas Oil & products Power Carbon Impact on industrials, utilities, healthcare Asset mgt, digital manufacturing, logistics Connected customer, “as a service” business models 3D Printing, distributed manufacturing Bioplastics, biomaterials Lightweighting, emissions reduction Graphene, composites Impact on industrials, materials and energy Chemicals Metals
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1 Prepared for Energy and Mines World Congress
BNEF coverage
Clean energy Advanced transport
Digital industry Advanced materials
Solar Wind Storage Impact on power & utilities
Frontier power
Electrified transport
Autonomous driving
Sharedmobility
Impact on transport
Impact on oil & power
Decentralized energy
Internet of things
Automation & advanced analytics
Commodities
LNG & gas
Oil & products
PowerCarbon
Impact on industrials,
utilities, healthcare
Asset mgt, digital manufacturing,
logistics
Connected customer, “as a
service” business models
3D Printing, distributed
manufacturing
Bioplastics, biomaterials
Lightweighting, emissions reduction
Graphene, composites
Impact on industrials,
materials and energy
ChemicalsMetals
2 Prepared for Energy and Mines World Congress
Cheap renewables are here
3 Prepared for Energy and Mines World Congress
Source: BloombergNEFSource: BloombergNEF
Wind and solar costs continue to fall Clean energy investment slowing
Costs fall, investments slow
$ billion (Q3 2018)
4 Prepared for Energy and Mines World Congress
Solar Coal
Wind Gas
Drivers of costs
5 Prepared for Energy and Mines World Congress
Ramp-up time for select technologies Costs of generation, $/MWh
Costs of capacity, flexibility $/MWh Costs of battery storage systems
Measuring impact of storageBattery
0 5 10 15 20 25 30 35Response requirement (min)
Co
CCGTOCGTGRE
Min Load
Max Load
6 Prepared for Energy and Mines World Congress
Source: BloombergNEF
Australia LCOE stack
7 Prepared for Energy and Mines World Congress
Source: BloombergNEFSource: BloombergNEF
Mining generation projects, by tech Mining generation projects, by region
State-of-play for mining and renewables
10
127
6639
121
206 219
0
100
200
300
400
2010 11 12 13 14 15 16 17
Installed capacity (MW)
Small hydro
Wind
Solar
352
10
127
66 39
121
206 219
0
100
200
300
400
2010 11 12 13 14 15 16 17
Installed capacity (MW)
EMEA
APAC
AMER
352
8 Prepared for Energy and Mines World Congress
Source: BloombergNEFSource: BloombergNEF
Mining generation projects, by structure Mining generation projects, by strategy
Strategies for miners in renewables
0
100
200
300
400
2010 11 12 13 14 15 16 17
Installed capacity (MW)
Direct ownership
PPA or other
480
201
261
645
792
Installed capacity (MW)
EmbeddedgenerationHosting an IPP
Miner as IPP
Renewable energysubsidiaryOff-site PPA
9 Prepared for Energy and Mines World Congress
Technology drives efficiency
10 Prepared for Energy and Mines World Congress
Source: Bloomberg Terminal. Note that “references” corresponds to mentions of “UAVs” or “drones” by publicly listed companies
Source: Barrick Gold, BloombergNEF
Increasing costs of production Digital sentiment in mining by number of mentions in public documents, 2012 -2017
Why the pursuit of technology?
2
2
2
3
12
14
23
24
46
Anglo American PLC
China Shenhua Energy
Coal India Ltd
Glencore PLC
Vale SA
BHP Billiton Ltd
Newcrest Mining Ltd
Cardinal Resources Ltd
Barrick Gold Corp
Top 3 by mentions
Major miners
0
100
200
300
400
500
600
700
2010 2011 2012 2013 2014 2015 2016 2017
Total cash cost ($/oz) Overall
Veladero
LagunasNortePuebloViejoGoldstrike
Cortez
11 Prepared for Energy and Mines World Congress
Hardware miniaturization Improving Range Software improvement
Drone technology advances
-2 4 6 8
10 12 14 16 18 20
Range (km)
Airspeed (km/hour)
2017
2018
2019
2020
2025
20300
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
0
500
1000
1500
2000
2500
2000 2007 2011 2015 2017
Wei
ght (
kg)
Volu
me
(cm
3)
Weight and volume of Canon digital cameras
Volume (cm3)
Weight (kg) 0%
25%
50%
75%
100%
2010 2012 2014 2016 2018
The first group using deep learning reduced error rate below 25%
The following year nearly every team got 25% or fewer wrong
Best image classification error rate from a computer vision contest
12 Prepared for Energy and Mines World Congress
Renewables Oil & Gas Transmission & distribution
Mining Marine Agriculture Construction
More drone offeringsIndustry
Sta
rtups
Cor
pora
tes
Source: Bloomberg NEF
No offering Hardware
Service Software
SW+service Hardware+software
13 Prepared for Energy and Mines World Congress
Source: BloombergNEF
Renewable and off-grid solutions for miners
Energy storage /battery
management software
Redeployable solar /rental
Hybrid micro-grids
Fuel generators /rental
Solar /inverters
Mining
14 Prepared for Energy and Mines World Congress
● {BPIX 321064668<Go>}
Transport
Source: Bloomberg
A Hydrogen Future?
15 Prepared for Energy and Mines World Congress
Source: BloombergNEF, Morgan Stanley, CSIRO
Key challenges: Hydrogen is expensive to make
$32-41 Hydrogen from renewable electricity
$15-20 Hydrogen from fossil fuels
$3-11 Natural gas
Fuel cost ($/GJ)
16 Prepared for Energy and Mines World Congress
Source: BloombergNEF
78 EJ
29,250 TWhRequires
> than current global generation
Key challenges: hydrogen takes a lot of electricity to make
Projected demand in 2050 (Hydrogen Council)
9.5 TW 9x Current installed wind and solar capacity (2018)
17 Prepared for Energy and Mines World Congress
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Coverage.Clean energyAdvanced transportCommoditiesDigital industry
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