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[[Steve Bolze-President & CEO, GE Power and Water] What I'd like to talk about a little ]
[bit here is some perspecitve of what's going on around the world,]
[we'll talk a little bit about what GE is doing,]
[and then how do we proceed forward in water reuse.]
[So with that, I have three key big ones.]
[The first one, as we look at this, is everybody's familiar with the global demand]
[We're going to get into some of the numbers,]
[but these issues are becoming more interlinked.]
[I was in Kuwait three weeks ago, and when you sit with the ministries,]
[the ministries are now more and more together.]
[It's 'Minister of Electricity and Water' around the world,]
[and those ministers can't move forward on new power plants, ]
[they can't move forward on new water plants]
[without them being together.]
[Water reuse is critical--I think we're all familiar with that one--]
[but it requires global policy, like what you just touched on Nat,]
[--some of those being tax incentives--project successes,]
[country successes, like what's going on in Singapore]
[as well as some of the ongoing public awareness,]
[and we'll talk about some of the activities there.]
[Third of which is reuse technology exists today. ]
[This is not something we have to wait for.]
[It exists today, however, we continue, as other companies do, to invest]
[to bring it to the next level and to global scale.]
[In terms of this issue around the water and power needs are more interlinked,]
[and that's--Michael--one of the things we had talked about ]
[back in March at the testimony]
[is 20% of the world's water is used for power production.]
[In those power applications, 90% is for one-through cooling.]
[So, the big part of that is addressing that issue,]
[but if you step down into the fuel production area, ]
[oil sands--there are some people in the room from the Calgary area--]
[95% water reuse target is going to be a major issue going forward.]
[I would say a key part of that is new technology.]
[The governor last night talked about unconventional gas;]
[30% of that processed water after that process operation]
[is tough water that needs to be treated.]
[In terms of the mining applications of the world,]
[70% of those new mines are going into very water scarce regions]
[--Australia, Africa, other parts of the world.]
[So, energy production is a thirsty operation.]
[We're doubling the amount of investment we have]
[--MPI used one of those GE venaculars--]
[that's new product introduction, but that is doubling our investment]
[between now and 2012, and that's doubling ]
[The last thing I'd leave you with is]
[how do we close the gap on water reuse?]
[I think this is where we're going to spend really the good part of the rest of the day.]
[Advanced waste water reuse technologies:]
[It's not only about the processed water, ]
[but about treating the waste water streams.]
[In many cases as was heard, you need new technologies ]
[and deployment of those technologies.]
[The second issue is the one I hear from our customers]
[which is, "Tell me about the economics of the project."]
[--to the point of what's the value of water?]
[If I don't have to pay for the water,]
[then the economics of puting in a water reuse project is very difficult.]
[So, how do we step forward and clarify those economics?]
[Tax incentives are a piece of that, as well as awareness, as well as just the understanding]
[of that fact that some projects will not go forward unless you address the water issues.]
[Some of these issues like in the oil sands we talked about.]
[The last of which is--inside the fence but--proactive incentives and policy.]
[We have white papers that John Freeman and the team have put together,]
[but our view is that--that's something I hope to come out of this session--]
[which is maybe two or three common, unifying themes about how we step forward]
[Because in the end, the external world looks for our input as a manufacturer,]
[but they also want the perspectives of our customers,]
[the associations, and I think if we can be united]
[on two or three key things--and we're happy to host this session]
[to help facilitate that discussion--]
[I think that'll be the key path forward.]
[So, we structured the agenda around technology development,]
[economics of projects, and then what's the right level of policy we need going forward.]
