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Generate A Marine Hydrokinetic Turbine Technology to Generate Electricity from Tidal Currents.

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Presentation on theme: "Generate A Marine Hydrokinetic Turbine Technology to Generate Electricity from Tidal Currents."— Presentation transcript:

1 Generate A Marine Hydrokinetic Turbine Technology to Generate Electricity from Tidal Currents.

2 Renewable Energy comes from sources such as the Sun, Wind, Tides, Biofuels and Geothermal heat. The sun directly influences earth’s climate, which manifests itself as winds, waves, and Tidal sources of energy. The Earth's tides are ultimately due to gravitational interaction with the Moon and Sun and the Earth's rotation making tidal power practically inexhaustible. HYDROFLO transforms the motive power of Tidal Currents into electrical energy before delivery to the end user. Excess energy is stored as desalinated Seawater producing Brine and Fresh Water. The Brine is subject to further electrical processing, yielding products such as Bleach, Chlorine and Caustic Soda. Zero Emissions Technology Combating Climate Change

3 Caribbean SIDS due to their heavy dependency on high cost oil and gas, have some of the highest and most volatile electricity costs in the world. This gives rise to high levels of Energy insecurity and economic uncertainty. The problem of sea level rise coupled with extreme weather events induced by climate change poses one of the most immediate threats to SIDS. In the Caribbean, some SIDS have high levels of water stress, in that more than 80% of the total renewable supply of water available to agricultural, domestic, and industrial users is withdrawn annually. Frequent uncontrolled forests fires due to drought or agricultural clearing can result in deforestation leading to surface runoffs, flooding, landslides, and soil erosion, greatly impacting agricultural production and food security.

4 Our technology HYDROFLO exploits the huge potential of the SIDS marine based clean energy capacity by producing electricity from tidal flows, without any emissions. Any solution has to simultaneously address the SIDS interrelated problems of water scarcity, high energy costs and food insecurity all due to high greenhouse gas emissions and the consequences of Climate Change. The Brine when subject to further electrical processing, would be a source of industrial products such as Hydrogen, Chlorine, Bleach and Caustic Soda providing jobs, economic development and energy security. Energy not delivered to the grid is used to desalinate seawater producing Fresh Water and Brine. Tidal powered seawater desalination can satisfy the residential, industrial, and agricultural water demand, thereby reducing the high levels of food and water insecurity.

5 Hydroflo is an electrical generator Technology, whose turbines are driven by tidal currents producing emission free Electricity. Electrical power not delivered to the grid is stored by desalinating seawater, producing Fresh Water and Brine. The brine is further subjected to Electrochemical treatment producing downstream industrial products such as Salt, Chlorine, Caustic Soda, Bleach, and Hydrogen. Hydroflo - Tidal Turbine Generator

6 Some Caribbean SIDS (Antigua and Barbuda, Barbados, Dominica, Jamaica, St. Lucia, St. Vincent and the Grenadines and Trinidad and Tobago) have very high rates of depletion of annually renewable water supplies (> 80%). This adversely impacts their residential, industrial and agricultural demand for water. Our seawater desalination could reliably improve the supply. As an independent power producer, we expect to sell power to the electric utilities responsible for power distribution in each of the islands. Some Island states are developing their renewable energy markets. Barbados, the Caribbean’s leading producer of solar water heaters, estimates it will save $283.5m through a switch to renewables by 2029. The Caribbean region spends over $4 billion a year on oil and gas imports. Our technology allows these SIDS to transition from fossil fuels and develop their clean energy resources.

7 Our products are Electricity, Hydrogen, Water, Salt, Chlorine, Caustic Soda, and Bleach, produced using clean energy technology. Since we have multiple products, each with a different cost we will use a Product line pricing model, with high and low markup Product Items, depending on competition, lock-in, value delivered, and customer loyalty. In this startup phase Electricity is sold directly to the public utility or as stored energy as Fresh Water. The Electricity is sold via Power Purchase agreements, at a negotiated price, initially set at $80 per mw/h. Fresh water is sold directly to the public utility via Water Purchase agreements at a negotiated price. Industrial products may be sold to various customers at current market rates.

8 Our approach is different in that most existing renewable energy technology is land based, our technology moves offshore to generate power from marine sources. Taking advantage of the power of moving water to produce cheap emission free energy. The plant is composed of individual generating units, easily scalable, each with an electrical generating capacity of 1 mw. Our growth strategy involves scaling up our productive capacity and offering a wider range of industrial products based on the electrolysis of Brine. Customers concerned about emissions have sought help by adopting clean energy technologies, hoping to achieve their emission reduction goals. Our intention is to seek out customers from the many utilities mandated by government to have some fraction of their total electrical capacity coming from renewable energy.

9 Financial Analysis With an Inflation rate of 2% and an Income Tax Rate of 15% There is an After tax IRR on equity of 143.0%. With a Discount rate of 8.25% this operation has a NPV of $6,190,199. There is a Benefit to Cost ratio of 10.12. Two megawatt generator capacity, dependant on average water flow speed of 1 m/s. Small customer base usually a public utility. Cost of acquiring customers is high, with complex price, quantity and quality negotiations. Initial startup costs of $679,145 and a yearly operating cost of $445,788. Revenue based on Bulk power price of $80 per mw/h and yearly production of 17,520 mw/h we have an estimated total yearly revenue of $1,550,520. Energy production cost of approximate $31.68 per mw/h. Key Metrics Cost Analysis

10 Our design is unique because it is easily scalable and can extract power from even low speed tidal currents less than 1 m/s. Our team has developed technology for capturing energy from tidal currents with zero emissions. The objective is to take advantage of the SIDS abundant marine energy resources to combat climate change and to sustainably provide fresh water, energy and food production. Our main competitors, wind and solar, both suffer from frequent periods of intermittency, require large land surface areas and high capital outlay. Our technology uses the power of moving water from Tidal Currents to generate electricity. Since tides are much more predictable than wind, and available 24 hrs a day, there is less supply intermittency. Since water is much denser than air, much smaller surface areas are required for the same power output leading to lower capital costs and a higher power to cost ratio.

11 The capital budget goal is set at $1,125,000 for a 20% equity. Running a 40 day capital raising campaign. Key Use of Proceeds Production Equipment95,4008% Operations & Maintenance318,00028% Fixed Admin and Legal89,0008% Production Costs360,94532% Site Evaluation113,50010% Contingency146,52713% Total1,123,372100%

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