1. Towards an modern and integrated offshore electricity infrastucture

2. “Europe, we have a problem”

3. Increasing price differences between countries Energy prices in Europe far higher than US (shale gas) and Asia (coal) slow killer of our industry, bancrupcy or emigrating industry (Aldel Groningen, Dow Chemical) slowing down economic growth unemployment and negative social economic effects 3

4. Leading to Dumping: electricity for free A climate that dis-stimulates investments in production capacity

5. Unbalance between production and demand No easy fix. Future solutions: power to gas and electricity storage Current solution: more interconnection capacity between countries (we cannot store enough electricity) We need a new and modern electricity infrastructure A growing urgency at European level to solve these problems 5

6. Huge interconnectors – connecting countries

7. EU: Projects of Common Interest

8. Our mission: Synergies at Sea

9. Connecting offshore wind with interconnection We believe: This will lead to a decrease of the cost of energy And a significant cost reduction of offshore wind With the right approach!

10. The North Sea in 2020

12. Consortium Synergies at Sea A group of highly motivated companies and institutes Contributing with own investments Looking at the different parts of the system We aim to offer solutions, not just recommendations

13. A new and modern energy infrastructure (1) Feasibility (technical, regulatory, business case) Technical design The role of the law Ownership

14. A new and modern energy infrastructure (2) Capacity of the cables (distribution and trading) Financing Embedding insecurities – real options method Distributed Temperature Sensing Value Engineering

15. Progress and results Project has started in 2013 and now at full steam First results expected mid 2014 Consultation (TSO’s, Pension Funds, Utilities) Dessimination of intermediate results at conferences Final results 2016