Free, clean and predictable Produksjon av elektrisk kraft i drikkevannsforsyningen Energi i VA-sektoren 15. september 2009

Transkript

1 Free, clean and predictable Produksjon av elektrisk kraft i drikkevannsforsyningen Energi i VA-sektoren 15. september

2 Agenda About Zeropex Technology Product range Market & Opportunities

3 ABOUT ZEROPEX difgen

4 Company overview Zeropex part of Energreen Group Management Team Established 2006 Product development has been intense focus for first three years 100% owned by Energreen AS StatoilHydro (OilCo) Energy Ventures (Private Equity fund) Founders Mission Create profitable and sustainable energy sources from existing industrial processes Head office Sandnes, Norway Trond Melhus, co-founder 30y+ experience from offshore operations, construction and management. Turned serial entrepreneur Per Reidar Ørke, co-founder 15y experience with product development from National Oilwell and Laerdal Medical Jan K. Vasshus, co-founder 15y experience from product development offshore. Turned serial entrepreneur Tor Albert Ersdal, CEO 15y experience from growth companies both from the entrepreneur and investor perspective. Experience range from successful stock listing and trade sales to fiascos.

5 TECHNOLOGY difgen

6 Pressure the forgotten energy source Two ways of reducing pressure: Discharge to open basin Conversion to kinetic energy and back again (pressure reduction valve) Common for both types energy from pressure drop is lost! A third method is to control the pressure with a rotating barrier device, which is harvesting the energy from the pressure drop as electricity Pressure reduction Pressure & leak mgmt Power produc -tion Feed-in tariffs/ CRC s Flow meas -ure Manual PRV X Remote ctr. PRV X X difgen X X X X X

7 Difgen pressure reduction Volumetric displacement turbine - impellers form a physical, rotating barrier between the upstream and downstream fluids A fixed volume is dosed through the turbine for each revolution By applying load to the shaft, rotational speed is retarded, and a differential pressure is created By dynamically controlling the generator speed, the upstream/- downstream pressure is also dynamically controlled The load is an electric generator, converting work to electricity Impellers acting as barriers are functionally comparable with mechanical transmissions

8 Speed ref. difgen Pressure management & Grid Connection DCS Press. Setpoint DC-bus Pressure set point from DCS Pressure control loop with speed control adjust the pressure dynamically Control To grid Connected to the grid in the same way as wind turbines Always connected Dual front-end VFD s to transform to grid voltage and frequency Production determined by available flow/pressure Parallel turbines controlled by one controller

9 Predictability As opposed to wind, solar, tidal and wave, Difgen provides predictable power supply In a well known industrial process, the excessive pressure pattern is known In a utility system (e.g. drinking water supply), the power supply even correlates to energy demand levels & pricing

10 Flow rate difgen Return on investment Available power (and ROI) is a product of Flow rate Available pressure reduction Local incentive schemes, feed-in, CRC, etc Revenue from power generated can offset high utility power costs Excellent ROI Normal ROI Poor ROI Long term ROI Pressure

11 Typical applications Process plant cooling water (ref. offshore production platforms) Process trains Desalination plants Food processing Drinking water Closing the energy loop

12 Drinking water supply Features Electricity production from intended pressure reduction Accurate upstream/downstream pressure control Enables dynamic pressure management, e.g. to reduce leakages Built-in flow measurement Dampening of pressure transients Qualifies for various renewable energy grants/feed-in etc. Included in the 2009/10 Carbon Trust list of approved products

13 Requirements for installation Delivered with standard flange in both ends Simple replacement of existing pressure chokes Requires space for the generator next to, over or under difgen Simple grid/site connection via VFD s

14 IVAR pilot site - Norway Tested different versions since spring 2008 Drinking water treatment plant 7,3 bar pressure Max 7,3 bar diff. pressure 65 l/s 55 kw

15 PRODUCT CONFIGURATIONS difgen

16 Product configurations FLOW RATE [l/s] P [bar] Power@ Flange VX136- MIN MAX MAX 960 RPM DN L W H 70QD , QD , QD , QD , QD , QD , FLOW RATE [l/s] P [bar] Power@ Flange VX186 - MIN MAX MAX 736 RPM DN L W H 92QDM 5,6 40, , QD 8,3 59, , QD 11,1 81, , QD 16,7 118, , QD 22,2 163, , QD 25,0 177, , QD 33,3 236, ,

17 MARKET & OPPORTUNITIES difgen

18 Økonomisk fordel for vannverk i UK Case 1: Flow Trykkfall 85 Liter/sekund 5 bars Case 2: Flow Trykkfall 500 Liter/sekund 4 bars Produksjon i kw 35,00 kw Pris per kw kr 0,70 Årlig produksjon kwh Årlig inntekt kr Produksjon i kw 160,00 kw Pris per kw kr 0,70 Årlig produksjon kwh Årlig inntekt kr Investering i utstyr kr 1 mil Investering i utstyr 3,5 mill. Tilbakebetalingstid 4,66 år Tilbakebetalingstid 3,57 år IRR 14,6 % IRR 31,7 % NPV MONK NPV 6,75 MNOK

19 Økonomisk fordel for vannverk i Italia Case 1: Flow Trykkfall 85 Liter/sekund 5 bars Case 2: Flow Trykkfall 500 Liter/sekund 4 bars Produksjon i kw 35,00 kw Pris per kw kr 1,98 Årlig produksjon kwh Produksjon i kw 160,00 kw Pris per kw kr 1,98 Årlig produksjon kwh Årlig inntekt kr Årlig inntekt kr. 2,78 mill Investering i utstyr kr 1 mil Investering i utstyr 3,5 mill. Tilbakebetalingstid 1,65 år Tilbakebetalingstid 1,26 år IRR 134 % IRR 358 % NPV 4,3 MONK NPV 29 MNOK

20 Økonomisk fordel for vannverk i Norge Case 1: Flow Trykkfall 85 Liter/sekund 5 bars Case 2: Flow Trykkfall 500 Liter/sekund 4 bars Produksjon i kw 35,00 kw Pris per kw kr 0,35 Årlig produksjon kwh Årlig inntekt kr Produksjon i kw 160,00 kw Pris per kw kr 0,35 Årlig produksjon kwh Årlig inntekt NOK Investering i utstyr kr Investering i utstyr 3,2 mill. Tilbakebetalingstid 9,32 år Tilbakebetalingstid 6,52 år IRR 5,4 % NPV kr IRR 10,1 % NPV MNOK 1,15

21 Økonomisk fordel for vannverk i Norge - ENOVA Case 1: Flow Trykkfall 85 Liter/sekund 5 bars Case 2: Flow Trykkfall 500 Liter/sekund 4 bars Produksjon i kw 35,00 kw Pris per kw kr 0,35 Årlig produksjon 438,000 kwh Årlig inntekt kr Investering i utstyr kr ENOVA støtte kr Tilbakebetalingstid 7 år IRR 8 % NPV kr Produksjon i kw 160,00 kw Pris per kw kr 0,35 Årlig produksjon kwh Årlig inntekt NOK Investering i utstyr Tilbakebetalingstid 3,2 mill. 6,52 år IRR 10,1 % NPV MNOK 1,15

22 Summary Difgen rotating barrier pressure reduction provide Free energy Enables intelligent pressure and leakage management No emission No visual littering No added harm to the environment Reduced carbon footprint and reduced CRC Short payback time with a long term positive bottom line

23 Pure Power Renewable power generation from fluid pressures