From the Andes to the Major Leagues of Innovation: It's Hot in Chile! Demystifying the natural resource curse
It s HOT in Chile
Area similar to Texas Chile: 756 102 km 2 Texas: 695 662 km 2
Population similar to New York State Chile: 17.72 million New York : 19.8 million
With its 756.102 Km 2, Chile fits 13 times In China 12 times In USA 11 times in Brazil For each Chilean 76 Chinese 18 North Americans 11 Brazilean Chile s GDP is worth 50% Apple s valuation 50% Google s valuation 77% Facebook s valuation
Persistent growth Billion $300 Chile s GDP $258.1 billion $200 $100 1985 1995 2005 2014
The lure of Chilecon Valley
Burgeoning Innovation & Entrepreneurship Ecosystem «Most innovative country for early stage entrepreneurs» WEF 2015-2016» 2017 LatAm Global Innovation Index 2016
We are not that Chili
We are this Chile
A small country At the end of the World We cannot change the cards dealt but how we play the hand and the passion we commit
Our Cards
Ring of Fire
Chile, 1960 (9,5 Mw) Chile, 2010 (8,8 Mw) California 1994 (6,7 Mw) Chile - Leader in Earthquake Ranking
High Quality Engineering Securing Lives 5.000 deaths (1960) by earthquake 6 deaths (2014) Striving for NONE
Tallest building of Latin America in the most seismic country
An Astronomers Paradise Largest number of clear nights in the world, Lack of precipitation and Low-to-zero light pollution
In 2020 Chile will produce 70% of the total astronomical data generated in the World Astronomy Capital of the World
1 petabyte Big Data Dimensions Very BIG Data 50 petabytes Astronomy Data Big Data 24 petabytes 15 petabytes
Credit: S. Otarola (ALMA)
Science pushing industry to serve a global stage
We transformed a universe of stars into a universe of data
From a Niche Sector to State-of-the-Art Infrastructure: New Global Export Sector
Highest Solar Radiation in the World +45% Calama Atacama Desert Northern Chile Source: 3Tier (Map) Lugar GHI Anual (kwh/m2) DNI Anual (kwh/m2) Arizona 2.080 2.555 Sevilla 1.780 2.100 Atacama - Tarapacá 2.500 3.500 3.800
The Grand Potential 0,3% of fiscal land in the Atacama desert could generate all the energy Chile requires
Solar Chile First country in the world with competitive renewable energies with no subsidies IDB
The rapid path to solar Cluster Solar Expansión LATAM MW Δ 16-25 = 280% Integración y Fabricació n 1,621.6 Price 16: 29 USD/MWh Servicios Especializados Planta Piloto C4E Almacenamient o Generación distribuida 1,293.7 3,2 GW Plataforma Solar Atacama Aplicaciones energía solar Servicios (Cluster Minero) Comp. Laborales y Aseg. Calidad Modelo Desarrollo Solar PV: Solar Chile 458.7 0.3 6.8 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2025
Future of Solar Energy in Chile Here s an advanced Country that is a small country when President Bachelet came back to power at the end of 2013, Chile had 11 MW, by the end of 2014 they had grown it to 402, by the end of last year 848, so they ve signed a lot of new contracts - Al Gore on The Chilean Solar Market Skoll World Forum
Investments in Renewable Energy rise while Oil and Gas CAPEX falls BNEF Summit, New York, 5 April 2016
Can an 80% Fossil Fuel World become100% renewable? YES with Solar Energy. From Chile
Far from Close to China in Scale China Chile 77x Population 40x GDP 13x Size
However, when it comes to Copper & Lithium China Chile produces 3x 6x more Copper more Lithium Chile than China 1/3 of the world s copper production 1/3 of the world s copper reserves 1/3 of the world s Lithium production 1/2 of the world s Lithium reserves
Chuquicamata, equivalent to: 2 of the Tallest Buildings in LATAM + 3 times Egyptian Pyramids
El Teniente, equivalent to: Tunnel of 2.000 miles underground Distance from San Francisco to Chicago
From a Natural Resource-based Economy to a Knowledge Economy Robotics Automation IOT VR Sophisticated Engineering
Unleashing Chile 4.0
Current Car Market 2016 Bloomberg Business.1%
Yearly Adoption Growth Rates Horse & Buggy Ford Model T Solar Panels Led Ligh-Bulbs Tesla Model S 60% anual growth 50% anual growth 140% anual growth 60% anual growth
It s All About the Batteries
The Rise of the Electric Car 2040 50% Bloomberg Business
Innovation strategy: vision 2025 Long term supply of lithium Carbonate/hydroxide (battery grade) Lithium value added products (cathodes) Chile: leading supplier of lithium and lowemission Copper for the electric car industry Solar energy for continuous Electricity supply Fossil fuel substitution Hydrogen and Synthetic fuels on circular economy approach
Not Just Digging Dirt in the Desert! Becoming a heavy weight champion By creating world class hi tech companies
We do not want to be a mere observer of future trends but an active builder of the future A BETTER FUTURE