Pitch
Insurance pool business model to deploy emergency power infrastructure to restore electricity to communities impacted by natural disasters
Description
Summary
Natural disasters impact energy infrastructure causing billions of dollars in damages. Many countries cannot afford owning backup emergency power infrastructure. The solution is to use an insurance pool business model where several countries pool their funds together paying monthly rental fees to have access to a regional mobile power infrastructure that can be deployed fast in cases of an emergency. (Examples of mobile power infrastructure could include, mobile power plants, fuel, T&D infrastructure, etc.)
Is this proposal for a practice or a project?
Practice
What actions do you propose?
Technology: need for easy and fast to transport/install technology that provides electricity generation, fuel, transmission and distribution. This platform will be technology and OEM agnostic and could include mobile aeroderivative gas turbine power plants, diesel engines, power barges, mobile renewable energy platforms.
Location: the energy infrastructure will be held on stand-by in a geographically strategic location with access to rapid transportation (ie airplanes, trucks).
Business model: a company venture will own, install and operate the energy infrastructure. Regional countries/organizations will pay the company venture a monthly fee to have access to this energy infrastructure in cases of emergency. The company venture will deploy and operate the energy infrastructure in cases of emergencies.
Policy: (1) adopting this approach requires a regional/national policy vision that enables an electricity reserve strategy to improve resilience in cases of emergencies. (2) it also requires special import/export and visa permissions to accelerate the shipping processes of equipment and in-country entry of specialized personnel.
Who will take these actions?
New company venture: will own, install and operate the emergency energy infrastructure. It will deploy and operate the energy infrastructure in cases of emergencies. It will uninstall and pull-out the emergency infrastructure a few days/months after the country energy infrastructure is restored.
Regional governments or organizations(ie utilities): will pool together and pay the company venture a monthly fee to have access to its mobile energy infrastructure in cases of emergency.
Where will these actions be taken?
The key targets is energy infrastructure at high risk of natural disasters. These include many countries in Asia and North America - among many others.
The insurance pool could be shared between regional actors (i.e countries in Asia). Or local actors such as a handful of states or cities in a specific geographic area in the United States).
In addition, specify the country or countries where these actions will be taken.
United States
Country 2
Japan
Country 3
China
Country 4
Indonesia
Country 5
India
Impact/Benefits
What impact will these actions have on greenhouse gas emissions and/or adapting to climate change?
What are other key benefits?
Helps improve resiliency to natural disasters and impacts on the energy infrastructure and the economy.
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