Clean Tech Initiatives:
Production of by-product CO2 and sale to oil companies for CO2 Enhanced Oil Recovery (EOR) for
economically favored sequestration, thus increasing productivity in low risk/mature oil fields.
Smart grid and demand side management technologies
Renewables and energy storage (where economically viable)
For first implementation of the low carbon grid, Merrill Rusling is focused on markets which are oil dependent for electric power generation – such as Hawaii and the Caribbean Islands. These areas have extremely high electric rates and are eager for a better system solution.
More than 80% of world primary energy today is based on fossil fuels. The overall size of the world energy portfolio is projected to increase by 36%, from 2010 to 2040. This increase would be much larger without the effects of new technology and energy efficiency improvements.
Exxon Mobil projects that in 2040, fossil fuels will constitute 77% of world primary energy, even with the prospect of significant incentives, mandates and taxation favoring renewables, such as wind, solar, and biofuels. The increased carbon footprint represented in these projections is staggering. Thus, with fossil fuels center stage in the world’s energy portfolio, Merrill Rusling is responding and is targeting practical solutions to green up fossil fuels. In providing Real Solutions for a Greener Planet, Merrill Rusling strategic initiatives include:
Comprehensive low carbon grid strategy including:
Plug-in hybrid vehicles and smart charging
Network of relatively small scale internal combustion engine, gas turbine and fuel cell power plants as a “virtual power plant.”
Generation of electricity at periods of peak demand – with highly efficient distributed technology