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MIT Enterprise Forum ® of Texas. 2002-2003 Sponsors Baker Botts, LLP Cognitas Technologies, Inc. Fulbright & Jaworski, LLP Haynes & Boone, LLP Houston Business Journal Houston Technology Center Infovine Pannell Kerr Forster of Texas, PC Porter & Hedges, LLP - PowerPoint PPT Presentation
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MIT Enterprise Forum ® of Texas 2002-2003 Sponsors Baker Botts, LLP Cognitas Technologies, Inc. Fulbright & Jaworski, LLP Haynes & Boone, LLP Houston Business Journal Houston Technology Center Infovine Pannell Kerr Forster of Texas, PC Porter & Hedges, LLP Rice Alliance for Technology and Entrepreneurship RR Donnelley Financial Starlight Capital, Inc. Sternhill Partners Thompson & Knight LLP Varco International, Inc. Vinson & Elkins, LLP Winstead, Sechrest & Minick, PC
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Page 1: MIT Enterprise Forum ®  of Texas

MIT Enterprise Forum® of Texas

2002-2003 Sponsors  

Baker Botts, LLPCognitas Technologies, Inc.Fulbright & Jaworski, LLP

Haynes & Boone, LLPHouston Business Journal

Houston Technology CenterInfovine

Pannell Kerr Forster of Texas, PCPorter & Hedges, LLP

Rice Alliance for Technology and EntrepreneurshipRR Donnelley FinancialStarlight Capital, Inc.

Sternhill PartnersThompson & Knight LLPVarco International, Inc.

Vinson & Elkins, LLPWinstead, Sechrest & Minick, PC

Page 2: MIT Enterprise Forum ®  of Texas

MIT Enterprise Forum® of TexasPlatinum Flagship Series

Rice University Professor

Richard. E. Smalley

 

Page 3: MIT Enterprise Forum ®  of Texas

NANOTECHNOLOGY, ENERGYAND PEOPLE

R. E. Smalley Rice University

MIT ForumRiver OaksJanuary 22, 2003

Page 4: MIT Enterprise Forum ®  of Texas

• ENERGY is the single most important problem facing humanity today.

• WE CAN SOLVE THIS PROBLEM with revolutionary breakthroughs at the frontiers of Physical

Sciences & Engineering, and particularly in Nanotechnology

• We need a new APOLLO PROJECT to do this.

• The problem is huge, but it is also a magnificent opportunity.

• Success will revolutionize the largest industry in the world, Energy.

• American Youth will enter the physical sciences to do this, inspired by their idealism, their sense of mission, and their desire to be “where the action is”.

• In the process this new Apollo Project will produce a cornucopia of new technologies, and provide the underpinnings for vast new economic prosperity for the US and the world.

Page 5: MIT Enterprise Forum ®  of Texas

Humanity’s Top Ten Problemsfor next 50 years

1. ENERGY2. WATER3. FOOD4. ENVIRONMENT 5. POVERTY6. TERRORISM & WAR7. DISEASE8. EDUCATION9. DEMOCRACY10. POPULATION

2003 6.3 Billion People2050 10 Billion People

Page 6: MIT Enterprise Forum ®  of Texas

05

101520253035404550

OilCoal Gas

Fission

Biomass

Hydroe

lectric

Solar, w

ind, g

eothe

rmal

0.5%

Source: Internatinal Energy Agency

2003

0

5

10

15

20

25

30

35

40

45

50

OilCoa

lGas

Fission

Biomass

Hydroe

lectric

Solar, w

ind, g

eothe

rmal

2050

The ENERGY REVOLUTION (The Terawatt Challenge)

14 Terawatts

213 M BOE/day

30 -- 60 Terawatts450 – 900 MBOE/day

Page 7: MIT Enterprise Forum ®  of Texas

Projected Demand for Carbon-Free Energy

• M.I. Hoffert et. al., Nature, 1998, 395, 881, “Energy Implications of Future Atmospheric Stabilization of CO2 Content”

Possible Sources of Carbon-Free Energy

• M.I. Hoffert et. al., Science, 2002, 298, 981, “Advanced Technology Paths to Global Climate Stability: Energy for a

Greenhouse Planet”

Page 8: MIT Enterprise Forum ®  of Texas

Population Growth to 10 Billion People in 2050

Per Capita GDP Growthat 1.6% yr-1

Energy consumption perUnit of GDP declinesat 1.0% yr -1

Page 9: MIT Enterprise Forum ®  of Texas

Energy Demand & Source(in Terawatts)

2000 2020 2040 2060 2080 2100 YEARSource: M.I. Hoffert et. al., Nature, 1998, 395, 881,

20

30

40

10

0

50

TW million BOE/day

-- 200

-- 400

-- 600

Page 10: MIT Enterprise Forum ®  of Texas

Tonight’s Reading Assignment

“Hubbert’s Peak” by Kenneth Deffeyes (2001)

• King Hubbert predicted US oil production would peak in 1970. It did.

• The same approach predicts World Oil production will peak within this decade. It will.

• The days of cheap energy from oil will then be gone.

Page 11: MIT Enterprise Forum ®  of Texas

World Energy Millions of Barrels per Day (Oil Equivalent)

300

200

100

01860 1900 1940 1980 2020 2060 2100

Source: John F. Bookout (President of Shell USA) ,“Two Centuries of Fossil Fuel Energy” International Geological Congress, Washington DC; July 10,1985. Episodes, vol 12, 257-262 (1989).

Page 12: MIT Enterprise Forum ®  of Texas

World Proven OIL Reserves 

Proven Oil Reserves(2000)

Iran9%

Mexico3%

Nigeria2%

Libya3%

China2%

Russia5%

UAE10%

Kuw ait9%

Iraq11%

Saudi Arabia25%

USA3%

Venezuela8%

Qatar1%

Other9%

THE REMAINING OIL RESERVES ARE NOT WHERE WE WANT THEM.

FOR TRANSPORTATION FUELS WE CURRENTLY HAVE NO CHOICE.

Page 13: MIT Enterprise Forum ®  of Texas

Tomorrow’s Reading Assignment

“The Hydrogen Economy: The Next Great Economic Revolution” by Jeremy Rifkin

(Tarcher/Putnam, 2002)

H2 is not a primary energy source.

But, after natural gas, it probably will be our future transportation fuel

and energy storage medium.

Page 14: MIT Enterprise Forum ®  of Texas

PRIMARY ENERGY SOURCESAlternatives to Oil

• Conservation / Efficiency-- not enough• Hydroelectric -- not enough• Biomass -- not enough• Wind -- not enough• Wave & Tide -- not enough • Natural Gas -- sequestration?, cost?• Clean Coal -- sequestration?, cost?

• Nuclear Fission -- radioactive waste?, terrorism?, cost?

• Nuclear Fusion -- too difficult?, cost?

• Geothermal HDR -- cost ?• Solar terrestrial -- cost ?• Solar power satellites -- cost ?• Lunar Solar Power -- cost ?

Page 15: MIT Enterprise Forum ®  of Texas

Solar Cell Land Area Requirements

20 TW

3 TW

Graphic fromNate LewisCal Tech

180,000 TWof sunlighthit the earthevery day

Page 16: MIT Enterprise Forum ®  of Texas

Solar Cell Land Area Requirements

6 Boxes at 3.3 TW Each

Page 17: MIT Enterprise Forum ®  of Texas

Sun-Moon-Beam-Rectenna

KEY PROMOTER: DAVID CRISWELL

( Institute of Space Systems Operations, University of Houston)

Solar Power -> Lunar BaseS -> Power BeamS -> Earth ReceiverS

Page 18: MIT Enterprise Forum ®  of Texas

≥ 20 TWe from the Moon

Page 19: MIT Enterprise Forum ®  of Texas

NanotechnologyNanotechnology

• The art and science of building stuff that does stuff at the nanometer scale

• The ultimate nanotechnology builds at the ultimate level of finesse one atom at a time, and does it with molecular perfection

• It holds the answer, to the extent there are answers, to most of our most pressing material needs.

Page 20: MIT Enterprise Forum ®  of Texas

• All the nano-machinery of cellular life(and viruses)

• Biotechnology is a form of Nanotechnology (the wet side)

The Wet Side of The Wet Side of NanotechnologyNanotechnology

Page 21: MIT Enterprise Forum ®  of Texas

The Dry Side of NanotechnologyThe Dry Side of Nanotechnology

• Electrical & thermal conduction

• Great strength, toughness, high temperature resistance, etc

Page 22: MIT Enterprise Forum ®  of Texas

MOLECULAR PERFECTION: MOLECULAR PERFECTION: The FULLERENE IDEALThe FULLERENE IDEAL

• The Strongest fiber that will ever be made.• Electrical Conductivity of Copper or Silicon.• Thermal Conductivity of Diamond.• The Chemistry of Carbon.• The size and perfection of DNA.

Page 23: MIT Enterprise Forum ®  of Texas

Enabling Nanotech Revolutions• Photovoltaics -- a revolution to drop cost by 10 to100 fold.

• H2 storage -- a revolution in light weight materials for pressure tanks , and/or a new light weight, easily reversible hydrogen chemisorption system

• Fuel cells -- a revolution to drop the cost by nearly 10 to 100 fold

• Batteries and supercapacitors -- revolution to improve by 10-100x for automotive and distributed generation applications.

• Photocatalytic reduction of CO2 to produce a liquid fuel such as methanol.

• Super-strong, light weight materials to drop cost to LEO, GEO, and later the moon by > 100 x, and to enable huge but low cost light harvesting structures in space.

• Robotics with AI to enable construction/maintenance of solar structures in space and on the moon; and to enable nuclear reactor maintenance and fuel reprocessing. (nanoelectronics, and nanomaterials enable smart robots)

• Actinide separation nanotechnologies both for revolutionizing fission fuel reprocessing, and for mining uranium from sea water

• Alloy nanotechnologies to improve performance under intense neutron irradiation (critical for all of the GEN IV advanced reactor designs, and for fusion).

• Thermoelectrics or some other way of eliminating compressors in refrigeration.•

Page 24: MIT Enterprise Forum ®  of Texas

• High current cables (superconductors, or quantum conductors) with which to rewire the electrical transmission grid, and enable continental, and even worldwide electrical energy transport; and also to replace aluminum and copper wires essentially everywhere -- particularly in the windings of electric motors (especially good if we can eliminate eddy current losses).

• Thermochemical schemes of producing H2 from water that work efficiently at temperatures lower than 900 C. Direct nuclear heat -> hydrogen gas at high efficiency would be a very big breakthrough.

• Light emitting diodes or something else that can replace all incandescent and fluorescent lighting.

• Superstrong, light weight, materials for automobiles, airplanes, etc. that can replace steel, titanium, and aluminum in as many places as possible.

• CO2 mineralization schemes that can work on a vast scale, hopefully starting from basalt and having no waste streams.

• Materials/ coatings that will enable vastly lower the cost of deep drilling, to enable HDR (hot dry rock) geothermal heat mining.

• Nanofiltration membranes for purification/desalination of water on a vast scale at near 100% thermodynamic efficiency.

• Nanoelectronics to drop energy consumption and enhance performance of computers, sensors, and devices.

Enabling Nanotech Revolutions

Page 25: MIT Enterprise Forum ®  of Texas

The People Problem

Number of Physics Ph.D. Degrees Awarded in the U.S.

0

200

400

600

800

1000

1200

1400

1600

1800

1900 1920 1940 1960 1980 2000

Year

Num

ber o

f Ph.

D.s

TOTAL U.S. Citizens Permanent Visa Temporary Visa

Sputnik

End of WW II

Page 26: MIT Enterprise Forum ®  of Texas

Ph.D. Degrees in Physics as a Percentage of GDP

0.01

0.02

0.03

0.04

0.05

1950 1960 1970 1980 1990 2000 2010Year

Perc

ent

GDP is expressed in constant 1996 dollars (in million) Source: American Institute of Physics & National Science Board, Science and Engineering Indicators, 2002.

The Sputnik Generation

Physical Scientist Production in the US is not keeping up with GDPeven though the physical sciences are the basis of most wealth creation.

Page 27: MIT Enterprise Forum ®  of Texas

Doctoral Sciences & Engineering Degrees

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

1985 1990 1995 2000

Year

Num

ber o

f Deg

rees

Gra

nted

Asians in Asian Institutions

Asians in US Institutions

US citizens in US Institutions

All nationalities in US Institutions

Source: Science and Engineering Doctorate Awards, 1996 and 2000, NSF; Science and Engineering Indicators,

NSB, 2002Sciences = Physics, chemistry, astronomy, earth, atmospheric, and ocean sciencesEngineering = Aeronautical, astronautical, chemical, civil, electrical, industrial, material, metallurgical, and mechanical.

By 2010, if current trends continue, over 90% of all physical scientists and engineers in the worldwill be Asians working in Asia.

Page 28: MIT Enterprise Forum ®  of Texas

The biggest single challenge for the next few decades:

ENERGY for 1010 people

• . At MINIMUM we need 10 Terawatts (150 M BOE/day) from some new clean energy source by 2050

• For worldwide peace and prosperity we need it to be cheap.

• We simply can not do this with current technology.

• We need American Boys and Girls to enter Physical Science and Engineering as they did after Sputnik.

• Inspire in them a sense of MISSION( BE A SCIENTIST SAVE THE WORLD )

• We need a bold new APOLLO PROGRAM to find the NEW ENERGY TECHNOLOGY

Be a Scientist. Save the World.

Page 29: MIT Enterprise Forum ®  of Texas

New Energy Research Program(The Nickel & Dime Solution)

• For FY04-FY09 collect 5 cents from every gallon of oil product Invest the resultant $10 Billion per year as additional funding in

frontier energy research distributed among DOE, NSF, NIST, NASA, and DoD.

• For the next 10 years collect 10 cents from every gallon; invest the $20 Billion per year in frontier energy research.

• Devote a third of this money to New Energy Research Centers. • Put the first such center in HOUSTON, Texas 77005.

Page 30: MIT Enterprise Forum ®  of Texas

• ENERGY Is the single most important problem facing humanity today.

• WE CAN SOLVE THIS PROBLEM with revolutionary breakthroughs at the frontiers of Physical

Sciences & Engineering, and particularly in Nanotechnology

• We need a new APOLLO PROJECT to do this.

• The problem is huge, but it is also a magnificent opportunity.

• Success will revolutionize the largest industry in the world, Energy.

• American Youth will enter the physical sciences to do this, inspired by their idealism, their sense of mission, and their desire to be “where the action is”.

• In the process this new Apollo Project will produce a cornucopia of new technologies, and provide the underpinnings for vast new economic prosperity for the US and the world.

Page 31: MIT Enterprise Forum ®  of Texas

 

Page 32: MIT Enterprise Forum ®  of Texas

MIT Enterprise Forum® of TexasPlatinum Flagship Series

Next Flagship Presentation:

Intellectual Property: A Business Perspective

Wednesday, February 19th

HESS CENTER5:15 pm Networking

5:45 pm Presentation

$35.00 per person /$25.00 early registration

Register online at www.mitforumtexas.org

 


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