DOCSLIB.ORG

Embracing H2 As a Whole

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Embracing H2 As a Whole v.1.1/03042020/KNS Factsheet Series No. 1 EMBRACING H2 AS A WHOLE Building up a hydrogen economy and society as a whole counts as one of South Korea’s most ambitious plans. Where are the opportunities in the South Korean hydrogen market? What do Swiss exporters need to know about it? This factsheet provides an overview on the hydrogen market, policy and business opportunities in the Korean hydrogen economy. Key Points • The government is supporting up- and downstream hydrogen industries through key projects, investment and deregulation • Industry strengths: Fuel cell electric vehicles, fuel cells, applications • Key opportunity areas: Production, storage, and distribution MARKET OVERVIEW In recent years, South Korea has emerged as a strong proponent of fuel cells and hydrogen energy. Based on supportive policy measures and innovation from local industry, the country is positioned to become a global leader in fuel cells which are used for powering vehicles or providing electricity. South Korea’s key industries such as the automotive, shipbuilding and petrochemicals are already equipped with world-class technology for hydrogen utilization, especially in mobility (vehicles, drones, etc.) and applications (fuel cells). In January 2019, South Korea legislated world's first hydrogen law ("Hydrogen Economy Promotion and Hydrogen Safety Management Act") to secure grounds for promoting the hydrogen economy & society in the long-term. However, the country is lagging in upstream technologies such as production, storage, as well as distribution infrastructure/equipment. Thereof, the importance of acquiring upstream technologies is addressed in the country’s Hydrogen Economy Roadmap, which aims to foster new industries, to reduce greenhouse gases and fine dust, and to ensure energy security. BACKGROUND In January 2019, South Korea laid out the Hydrogen Economy Roadmap (hereinafter: the roadmap) to develop technology and infrastructure needed for a hydrogen economy. The roadmap focuses on hydrogen-powered vehicles, fuel cells for household and industrial use, hydrogen production/ storage/ distribution. Its implementation is mainly supported by H2KOREA, a public-private sector alliance formed to promote the shift to a hydrogen economy. Its key tasks involve aligning policies with valid business models, boosting R&D and commercialization of hydrogen technology, expanding hydrogen production and distribution infrastructure, and fostering global cooperation hydrogen network. South Korea targets to achieve an annual production of 5.26 million tons of hydrogen by 2040 (up from 130,000 tons in 2018); thereby, halving the average hydrogen cost to KRW 3,000 (USD 2.59) per kilogram. It also aims to produce over six million hydrogen fuel cell vehicles. Commercial vehicles such as city buses and taxis considerably can run longer distances than general vehicles, which greatly contributes to better air quality. In Seoul, there are currently 10 hydrogen taxis operating and seven hydrogen city buses will be introduced within this year. Nationwide, there are currently 35 hydrogen-powered buses running, with the figure set to reach 2,000 units in 2022. By 2040, South Korea will operate 40,000 hydrogen-powered buses, 80,000 hydrogen taxis and 30,000 hydrogen trucks on its roads - all powered by 1,200 hydrogen refueling stations. On the stationary power side, the country wants to build on its lead in fuel cells for utility power generation, while also placing increased focus on fuel cells for residential and commercial use. In 20 years, South Korea aims to produce 15GW of fuel cells for its industries and export markets. The government expects that developing hydrogen economy by 2040 can create approximately 43 trillion KRW (36.7 billion CHF) in economic value as well as 420,000 jobs. Goals of the Hydrogen Economy Roadmap Hydrogen Hydrogen Hydrogen Fueling Fuel cells for Year supply price vehicles stations industrial household (ton/ year) (USD/ kg) (Unit) (Unit) use (GW) use (MW) 2040F 5,260,000 2.59 6,200,000 1,200 15.0 2,100 2022F 470,000 5.17 81,000 310 1.5 50 2018 130,000 - 2,000 14 0.3 7 As a milestone to integrate hydrogen into the economy and society, South Korea initiated three test city projects to apply hydrogen technologies in residential and transportation industries: 1) Ansan focuses on green hydrogen production connected with tidal power generation. The city aims to create a hydrogen ecosystem which involves production, storage, transport, and utilization of hydrogen. A state-run apartment complex with more than 200 households as well as start-up incubators, logistic centers, and sewage treatment plants will use heating systems run by hydrogen; 2) South Korea’s industry powerhouse Ulsan develops a pipeline network using IoT technology to deliver by-product hydrogen from large-scale petrochemical plants to buildings and fuel stations. It also wants to demonstrate forklifts and ships run by hydrogen; 3) Hydrogen production facilities will be built in Wanju, supplying Jeonju with hydrogen. Wanju will serve as a hydrogen production base and supply 408 households with hydrogen. Jeonju, where Hyundai Motor’s hydrogen car NEXO is produced, will use hydrogen to operate 49 city and shuttle buses. RECENT DEVELOPMENTS Despite the corona virus outbreak and limited company activities around Daegu and Ulsan area, the government is ambitiously stepping up to implement its plans based on the roadmap. The Ministry of Industry, Trade and Energy (MOTIE) announced to invest more than 16 million USD in constructing hydrogen refueling stations exclusively for buses and boost development of local-made main parts. Korea Gas Technology Corporation is currently building 16 hydrogen refueling stations nationwide. Korea Midland Power Co. (KOMIPO), one of South Korea’s six regional power generation companies, has initiated a technology development project for producing hydrogen with organic waste. 2/8 KEY AREAS MOBILITY Vehicles With a global market share of 50%, South Korea is the first country that succeeded in mass producing hydrogen-powered cars: Hyundai Motors became the world’s first automaker to commercialize fuel-cell electric vehicles (FCEV) with the introduction of ix35 Fuel Cell - also known as Tucson Fuel Cell - in 2013. Hyundai’s second-generation FCEV, the NEXO, has a range of over 609 kilometers and emits clean water vapor and purifies the air while driving. Hyundai leads the global pack in FCEV, alongside Japan’s Toyota. For the local market, Hyundai Motors plans to produce 500,000 hydrogen-powered vehicles and supply 200,000 fuel cell systems per year by 2030, investing a total of 7.6 trillion KRW (6.5 billion USD) along with its 124 partnering companies to expand related research and development efforts. Opportunities The main import items in the FCEV field are electrolyte membranes & gas diffusion layers applied in stacks, high-pressure vessels, carbon composites, bipolar plates used in stacks and vessels, and power devices necessary for power control units. Also, parts for power converters as well as high- pressure valves, regulators, safety devices used in storage devices are dependent on import. Best Practice Examples There are crucial joint projects ongoing between Hyundai Motors and several Swiss companies: 1) Hyundai Motors has established a Joint Venture with Swiss-based H2 Energy AG called Hyundai Hydrogen Mobility AG. From 2019 to 2025, Hyundai Motors will deliver 1,600 hydrogen-powered heavy-duty trucks; H2 Mobility Switzerland will then lease a large portion of these more energy-efficient trucks. 2) Hyundai Motors further will invest in the Swiss GRZ Technologies, an EPFL spinoff. Storage tanks from GRZ Technologies can store up to 10 times more hydrogen than other tanks, even at a lower pressure. This company also has technology that can reduce the cost of maintaining hydrogen fueling stations and reduce the time it takes for fueling vehicles. 3) Hydro Spider AG, which is the result of the collaboration between Alpiq, H2 Energy, and Linde, works closely with Hyundai Hydrogen Mobility. Drones Doosan Mobility Innovation (DMI) became the first company in the world to commercialize hydrogen- powered drones when it launched its DS30 drone system in October 2019. The drone is able to stay airborne for two hours and is aimed primarily at global infrastructure and logistics markets. For entering the US market, DMI has signed an agreement with Microsoft to develop solutions for its hydrogen fuel cell drones. They will develop drone software and monitoring solutions using Microsoft’s cloud platform, Auzure, and AI and IoT, and push for joint sales. DMI also partnered with two U.S. companies: ReadyH2 will supply with hydrogen to deliver it to DMI’s customers in the USA. Another agreement was signed with Skyfire Consulting, an US public safety drone operation service company, to implement a pipeline check project in the USA. Last year, it 3/8 successfully carried out a test with Skyfire to deliver medicine to its destination at 70 kilometers away from the starting point. Meta Vista Inc. used a quadcopter drone powered by a 650 watt fuel cell module provided by Intelligent Energy. The UK-based firm developed an ultra-lightweight liquid hydrogen storage tank to work in conjunction with the fuel cell. MetaVista used 390 grams of liquid hydrogen on the test flight and the combined result of both companies’ technologies was a drone boasting an energy density of 1,865 watt- hours per kilogram. Both companies suggest fuel cells can result in significantly longer flight times than can be offered by traditional battery-powered units. Hyundai Motors and Uber will collaborate on developing self-flying electric cars designed to carry up to four passengers with a pilot and fly on trips of up to 100 km. Hyundai will produce and deploy the vehicles while Uber will provide aerial ride-share services. These electric air taxis will most probably powered by hydrogen fuel cells. Opportunities Swiss Federal Institutes of Technology in Lausanne (EPFL) and Zurich (ETH) and the University of Zurich are at the forefront of flying robotics and unmanned systems.
Load more

Recommended publications
  • Annual Report
    2016 Annual Report - Alpiq in brief Alpiq is a leading Swiss electricity and energy services provider with a European focus. The company is active in power production as well as energy trading and sales. Alpiq offers its clients extensive, efficient energy services for buildings and plants, transport technology as well as power and industrial plant engineering. In 2016, Alpiq generated net revenue of CHF 6.1 billion with approximately 8,500 employees. Production (Generation) Trading and sales activities (Commerce & Trading) Building technology, energy supply and transport technology as well as power plant and industrial plant construction (Energy Services) 2 Alpiq Annual Report 2016 - 2016 Key Financial Figures Alpiq Group Results of operations before Results exceptional items under IFRS % change 2015-2016 (results of CHF million operations) 2016 2015 2016 2015 Net revenue – 9.5 6,078 6,715 6,078 6,715 Earnings before interest, tax, – 17.7 395 480 778 50 depreciation and amortisation (EBITDA) Depreciation, amortisation and impairment – 12.8 – 191 – 219 – 399 – 561 Earnings before interest and tax (EBIT) – 21.8 204 261 379 – 511 as % of net revenue 3.4 3.9 6.2 – 7.6 Net income 150.0 115 46 294 – 830 as % of net revenue 1.9 0.7 4.8 – 12.4 CHF million Net divestments / (net investments) 598 187 Total assets 9,852 10,435 Total equity 3,886 3,819 as % of total assets 39.4 36.6 In-house generation 1 (GWh) 16,581 17,814 Number of employees at the reporting date 8,517 8,345 of which, Energy Services business division 7,112 6,948 1 Excluding long-term purchase contracts Per share data Shareholder structure % change As at 31 December 2016, the share CHF 2015-2016 2016 2015 capital of Alpiq Holding Ltd.
    [Show full text]
  • Phasing out Coal in Europe by 2025
    Briefing No.16, February 2019 Climate policy Phasing out coal in Europe by 2025 Alaska a f or t S ea d B ea u E n a a st a S i b C er i a n S ea S O e k a h of ot sk n o s y d a u B H J a p a S n ea o f a J G a n p i a r n e h ( e D C en n .) l a n d Svalbard (Nor.) J A r an M c t i c n aye O c e a n (No n S ea o r.) n t s i a Ice B a r e t i la a l N nd r e o o d g e n r F t T o h he n Fae a M (D roe s i A en.) s s O t R u c l e a Finland a n N n t i orway c Sweden N o a Es nia r th e to S Ir a ela Denm c nd Se ark ti n a l ia n i a Latv a B t h Un Lithuania h s K ited Th R k C ingd N e ussia a om ether a z lands Belarus K B elgium Germ Poland A any zo Luxe P r mbo Czech or es urg t. B a Rep. ) y o Liechte U k r a i n e n B f F nstein Slovakia ta i sc r a Swit Aust is ay n c zerland ria ek e Rep.
    [Show full text]
  • Energy Sectors & Industries
    Sectors & Industries Energy Sectors & Industries Schellenberg Wittmer’s exper- including disputes related to price procedures concerning energy and tise in the energy sector spans revision of long-term gas contracts, grid tariffs, etc. the full range of legal disciplines. PPAs, energy construction projects, joint ventures, etc. Litigation/arbitration: The Energy Group offers indus- — Representation of the Russian Feder- try-specific advice and legal Deals and Cases ation before the Swiss Supreme Court representation in all sub-sectors, Transactions: in setting-aside proceedings related including oil & gas, electricity — Counsel to Bouygues Construction to an award rendered under the Ener- and renewables. Our transaction- in its acquisition of Alpiq Engineering gy Charter Treaty (ECT) al and regulatory advisory activity Services, a leading Swiss player in — Counsel to large international group the energy, industrial services and rail active in the energy and commodity is complemented by the repre- infrastructure sectors for CHF 850 trading sectors in a EUR 20 million sentation of our clients in civil million commodity trading dispute under and administrative proceedings — Counsel to Canton of Graubünden Senegalese law before Swiss courts and regula- and Axpo Holding AG, the main share- — Representation of a leading energy tors. Our international litigation holders in SIX-listed electric power company in a price revision dispute and arbitration practice covers company Repower AG, in connection — Defence of a leading Russian energy all markets, including emerging with Repower’s strategic reposition- company against a corporate liability ing, delisting and CHF 170 million claim brought by the European Bank markets, particularly in Asia, capital increase subscribed by EKZ for Reconstruction and Development where we operate an office in and UBS Clean Energy Infrastructure to the Swiss courts Singapore.
    [Show full text]
  • Cp Eosh Alpiq 19 12 08 E
    Press release for editorial desks EOS Holding shareholders welcome the creation of Alpiq Lausanne, 19 December 2008 – FMV, Groupe E, Services Industriels de Lausanne (SIL), Romande Energie and Services Industriels de Genève (SIG) hail the signing of the definitive transaction agreements that will lead to the creation of Alpiq in early 2009. EOS Holding, which will own 31% of Alpiq, will continue to exist in order to represent and defend the interests of Western Switzerland in the new group. It will also serve as a joint platform for providing financing aimed at encouraging energy efficiency and developing indigenous electricity production, particularly through the use of new renewable energies. Alpiq, a Swiss company on a European scale The shareholders of EOS Holding (EOSH) – FMV (5.87%), Groupe E (22.33%), the City of Lausanne (20.06%), Romande Energie (28.72%) and SIG (23.02%) – welcome the completion today of the link-up initiated by EOSH in 2004 to form the largest energy group in Switzerland. Alpiq will be a major player in Europe and majority-owned by the Swiss public sector. It will control extensive production facilities, which is a key factor for ensuring a secure and long-term energy supply for its shareholders. EOS Holding's new role will be to invest on behalf of Western Switzerland FMV, Groupe E, the City of Lausanne, Romande Energie and SIG decided not to dissolve this holding company. Its new purpose is twofold: to defend the interests of Western Switzerland within Alpiq and to support large-scale projects. Thanks to its asset contribution, EOSH will hold 31% of Alpiq and receive compensation of approximately CHF 1.8 billion.
    [Show full text]
  • Advancing Sustainable Hydropower Activity and Strategy Report
    advancing sustainable hydropower activity and strategy report 2018 - 2019 IHA Central Office Chancery House St Nicholas Way Sutton London SM1 1JB United Kingdom T: +44 20 8652 5290 F: +44 20 8643 5600 E: [email protected] IHA Regional and National Offices IHA China Office c/o China Institute of Water Resources and Hydropower Research A1 Fuxing Road Beijing, 100038 China E: [email protected] IHA South America Office Back cover image: The 480 MW Forces Motrices Hongrin Léman (FMHL) power station in Veytaux, Switzerland. Credit: www.dpicard.ch c/o Itaipu Binacional Av. Tancredo Neves, 6.731 FHML will be part of an upcoming study tour to Switzerland CEP 85856-970 Foz do Iguaçu hosted by Alpiq between 17 to 18 May 2019, following the World Paraná, Brasil Hydropower Congress in Paris. Other post-Congress tours will take E: [email protected] place in France, Germany, Luxembourg and Portugal. 2 | International Hydropower Association | Activity and Strategy Report 2018-19 Advancing sustainable hydropower Introduction Foreword 5 Our mission 6 Our history 7 Membership 8 Become a Fellow 10 News and events 12 Hydropower Pro 16 Knowledge networks 18 Knowledge building The status of hydropower: monitoring the sector 20 Clean energy systems: highlighting the expansion of hydropower’s role 22 Regional interconnections: connecting hydropower 24 Hydropower preparation facility: a model for sustainable projects 26 Green bonds: unlocking the market 28 Climate mitigation: assessing greenhouse gas emissions 30 Climate resilience: developing a guide
    [Show full text]
  • Robust Business Model, Even During a Pandemic
    Media Release 24 August 2020 _____________________________________________________________ Robust business model, even during a pandemic • COVID-19 pandemic: Alpiq business model has proved to be robust • Swiss power production, European and trading business profitable with EBITDA before exceptional items of CHF 116 million • Liquidity strengthened – solid equity ratio • Positive results of operations expected for the 2020 financial year • Strategy focuses on strengthening climate protection and security of supply Lausanne − The Alpiq Group (Alpiq) generated EBITDA before exceptional items of CHF 116 million in the first half of 2020 (first half of 2019: CHF 55 million). All three business divisions made positive contributions to earnings. At CHF 37 million, Swiss power production was up on the previous-year period (CHF -56 million) as expected, international power production closed positively despite the phase-out of coal at CHF 24 million (CHF 60 million), international energy trading generated earnings of CHF 58 million in the first half of 2020 that were up on the earnings of the previous-year period (CHF 53 million) and made the biggest contribution to results of operations. Alpiq business model has proved to be robust The COVID-19 pandemic resulted in dramatically lower demand for electricity from industrial customers, especially in April and May, and therefore in very low electricity prices. Alpiq was well protected against these negative effects thanks to its hedging of power production over two to three years. Moreover, Alpiq was able to leverage numerous opportunities on the international energy markets. To some extent, this made up for the lower demand in the international industrial customer business.
    [Show full text]
  • Operation & Maintenance Strategies for Hydropower
    OPERATION & MAINTENANCE STRATEGIES FOR HYDROPOWER Handbook for Practitioners and Decision Makers 10033_ESMAP_CVR Main report.indd 1 2/5/20 9:23 AM © 2020 International Bank for Reconstruction and Development/The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522- 2625; e-mail: [email protected]. Cover photo/illustration: Pierre Lorillou Cover design: Duina Reyes 10033_ESMAP_CVR Main report.indd 2 2/5/20 9:23 AM Operation and Maintenance Strategies for Hydropower Handbook for Practitioners and Decision Makers 10033_ESMAP_Hydropower_Main Report_new.indd 1 2/5/20 2:05 PM CONTENTS Acknowledgments .
    [Show full text]
  • Alpiq Generates Positive Results for First Half of 2021
    Ad hoc media release 26 August 2021 _____________________________________________________________ Alpiq generates positive results for first half of 2021 • EBITDA before exceptional items: CHF 80 million • Swiss power production and energy trading below previous year, international production above previous year • Solid balance sheet thanks to systematic financial strategy • Focus on profitability and sustainability of business activities • Michel Kolly, member of the Executive Board, to leave Alpiq • Positive results of operations before exceptional items expected for 2021, below the previous year Lausanne – The Alpiq Group (Alpiq) generated EBITDA before exceptional items of CHF 80 million in the first half of 2021 (first half of 2020: CHF 119 million). All three business divisions operated positively. At CHF 15 million, Swiss power production was down on the previous-year period (CHF 48 million) as expected; at CHF 42 million, international power production closed above the previous-year period (CHF 28 million), international energy trading recorded earnings of CHF 41 million in the first half of 2021 (CHF 61 million). Solid balance sheet thanks to systematic financial strategy Alpiq stands on a solid footing and systematically continued its financial strategy. Net cash flows from operating activities decreased slightly from CHF 180 million to CHF 172 million. Net debt was reduced to CHF 145 million (31 December 2020: CHF 249 million). As a result, the gearing ratio (net debt/EBITDA before exceptional items) decreased from 1.0 at 31 December 2020 to 0.7 at 30 June 2021. Liquidity amounts to CHF 1.018 billion (31 December 2020: CHF 0.963 billion). At CHF 3.865 billion at 30 June 2021, equity is CHF 93 million higher than at the end of 2020.
    [Show full text]
  • Financial Report
    Alpiq Annual Report 2020 Table of contents 47 Financial Report Financial Review 48 Consolidated Financial Statements of the Alpiq Group Consolidated Income Statement 54 Consolidated Statement of Comprehensive Income 55 Consolidated Balance Sheet 56 Consolidated Statement of Changes in Equity 58 Consolidated Statement of Cash Flows 59 Notes to the Consolidated Financial Statements 61 Statutory Auditor’s Report on the Audit of the Consolidated Financial Statements 124 5-year Overview 129 Alpiq Holding Ltd. Management Report 131 Financial Statements 132 Proposal of the Board of Directors 141 Report of the Statutory Auditor on the Financial Statements 142 Alpiq Annual Report 2020 Financial Review 48 Financial Review The Alpiq Group generated operational EBITDA of CHF 262 million in the 2020 financial year. As announced, this is up on the previous year. All three business divisions made positive contributions to earnings. At CHF 135 million, Swiss power production was up on the previous-year period (previous year: CHF ‑6 million) as expected, on account of the hedged wholesale prices. Despite the phase-out of coal in the previous year, international power production closed positively at CHF 59 million, however, as expected did not reach the previous-year level. Energy trading generated earnings of CHF 99 million in the 2020 financial year, exceeding the previous year (CHF 56 million). On 24 June 2020, the Annual General Meeting of Alpiq Holding Ltd. approved the squeeze-out merger with Alpha 2020 Ltd. proposed by the Board of Directors. Alpiq Holding Ltd. was merged as the transferring company into Alpha 2020 Ltd., which was renamed Alpiq Holding Ltd.
    [Show full text]
  • PRESS RELEASE Building a Resilient, Renewable Power System with Innovative Hydropower Technology
    Embargoed until Tuesday 10 December 2019, 10:00 Central European Time (CET) PRESS RELEASE Building a resilient, renewable power system with innovative hydropower technology 10 December 2019 - A major new energy innovation project to demonstrate how smart hydropower technologies can deliver a low-carbon, reliable and resilient power system was launched today. The €18 million initiative was announced by the European Commission and a consortium of 19 partners at the United Nations climate change conference (COP25) in Madrid, Spain. It will show how innovative and flexible hydropower systems can help countries across the world meet their renewable energy targets. The XFLEX HYDRO (Hydropower Extending Power System Flexibility) project is a four-year initiative by leading utilities, equipment manufacturers, universities, research centres and consultancies. It will demonstrate how modern hydropower plants can provide the vital power grid services required by variable renewables such as wind and solar power. The launch comes after a major UN Emissions Gap Report looking at ways to reduce global carbon emissions said that greater power system flexibility was “key” to integrating larger shares of variable renewable energy into the power supply. The XFLEX HYDRO technologies to be tested are enhanced variable- and fixed-speed turbine systems, smart controls and a battery-turbine hybrid, each of which will be demonstrated at hydropower plant sites across Europe. The project will conclude in 2023 by delivering a roadmap to increase adoption of the technologies across the hydropower fleet, with policy and market recommendations for governments, regulators and industry. The initiative has received funding from the European Union’s Horizon 2020 research and innovation programme.
    [Show full text]
  • Energy Is Our Business
    Energy is our business Annual Report 2008 Alpiq Holding Ltd. (formerly Atel Holding Ltd) Bahnhofquai 12 CH-4601 Olten Tel. +41 62 286 71 11 Fax +41 62 286 73 73 www.alpiq.com Atel Group Annual Report 2008 As a leading energy services provider operating through- out Europe, Atel generates, trades and sells electricity, and also provides a broad range of energy services cov- ering all aspects of energy and its applications. Subsidiaries and branches Energy segment Energy Services segment Power generation Electricity sales and trading (exchanges / OTC market) As a leading energy services provider operating through- out Europe, Atel generates, trades and sells electricity, and also provides a broad range of energy services cov- ering all aspects of energy and its applications. Subsidiaries and branches Energy segment Energy Services segment Power generation Electricity sales and trading (exchanges / OTC market) Mission Statement Atel is an energy company that is active throughout Europe with strong roots in Switzer- land. Energy has been Atel’s core business for more than 110 years. Its activities in the fi eld of power generation, trading, sales and energy services are supported by pan-European partner- ships built on mutual trust. Atel acts with social responsibility, ever-mindful of the needs of customers, shareholders, employees and the community alike. 2 Key Figures 2008 Atel Group + / – variance 2007 – 2008 in % 2007 2008 2007 2008 (based on CHF) CHF million CHF million EUR million EUR million Energy sales (TWh) – 25.2 128.841
    [Show full text]
  • ALPIQ's Response to the Ofgem Public Consultation on "Liquidity Proposals for the GB Wholesale Electricity Market" Ref: 22/10
    ALPIQ's Response to the Ofgem public consultation on "Liquidity Proposals for the GB wholesale electricity market" Ref: 22/10 __________________________________________________________________________ 1 Introduction Alpiq is a new leading energy company based in Switzerland, active in most fields of commercial energy services. We generate and transport electricity, and are also engaged in electricity and gas trading and sales across the EU. In 26 countries throughout Europe, our energy trading and sales subsidiaries maintain direct contact with our customers. Energy services are delivered by 30 companies at around 200 different locations. Our power generation facilities are spread across Europe, to guarantee optimal security of supply for our customers. We operate power stations in Switzerland, Italy, France, Norway, Hungary, Germany and the Czech Republic. And we are currently building new power stations in Germany, Italy, France, Bulgaria and the Czech Republic (for more information please see www.alpiq.com). We are also an active electricity and gas wholesale trader in the UK market, and are directly affected by Ofgem's consultation on the "Liquidity proposals for the GB wholesale electricity market". We therefore welcome the opportunity to respond to Ofgem's consultation. As we are not affected by all of the outlined questions we have chosen to summarize our view in the points below. 1. Is there a liquidity problem in the UK electricity market? Apart from the question on how one defines the appropriate level of market liquidity, we do share Ofgem's view that the churn rate on the UK electricity market is shrinking. This factor must raise concerns amongst all market participants, and therefore we do support Ofgem's consultation.
    [Show full text]