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World Energy Scenarios 2060

World Energy Scenarios 2060

We were delighted to host Christoph Menzel, Manager of the World Energy Council (WEC) Scenarios 2060, at our exclusive BEC member-only roundtable. Given the importance of the WEC scenarios and the fact that we will look to leverage off them in our next BEC2060 scenario work, Christoph’s presentation was a unique opportunity to better understand the WEC2060 scenarios released in October 2016 at the World Energy Congress in Istanbul.

World Energy Scenarios 2060

Data key to Vector investment decisions

“We do not think of ourselves as a utility – we are a technology company.” Simon Mackenzie says there is a “big shift” happening in the industry, and called on equipment manufacturers to better meet networks’ changing needs. Electricity assets need to be smaller, cheaper and modular and don’t need to last 40 years any more. That equipment also needs to be smart. Mackenzie says the software controlling devices will play a much greater role in delivering services. An example is BMW’s plan to install identical motors in all its vehicles but then offer software upgrades to access additional performance. “You can buy an upgrade to a Motorsports series for a weekend and go back to a 316 when you want to drive normally,” Mackenzie says. “There is no rational reason why that sort of thinking shouldn’t be coming into a lot of the energy sector and particularly the manufacturers.”

World Energy Scenarios 2060

What’s keeping energy executives awake at night?

Presentation by John Carnegie to the Energy Trusts of NZ Spring Conference introducing delegates to the WEC and the BEC, and running an Energy Issues Map in order to highlight that similarities and differences between what is keeping the ETNZ trustees awake at night and what is keeping global and New Zealand energy executives awake at night.