Enertime, Clean Energy Harvesting Technology

Transcription

1 Enertime, Clean Energy Harvesting Technology April 2016

2 Industrial Solutions for a low carbon economy

3 A fast changing energy world Energy production is increasingly DISTRIBUTED and less CENTRALIZED Historical solutions are becoming IRRELEVANT The Cop21 defines a NEW DIRECTION These new challenges are calling for new answers Industrial solutions for a low carbon economy 3

4 ENERTIME, the waste heat recovery specialist ELECTRICTY HEAT SOURCES 3 MW 300 C 500 kw 80 C 1 Source : COP21 2 Source : EIA 51% of primary energy consumption 2 21% of world greenhouse gases emissions 1 ENERTIMES CONVERTS HEAT INTO ELECTRICAL POWER Industrial solutions for a low carbon economy

5 A team of renewable energy and industry experts Gilles DAVID CEO Co Founder Fabien MICHEL CTO Co Founder Pierre DU BARET Commercial Director Christophe RONCORONI Finance CentraleSupelec ALSTOM, CEGELEC, AREVA CentraleSupelec AREVA HEC PECHINEY, RENAULT TRUCKS CentraleSupelec, MBA HEC SHELL, CMA-CGM, VEOLIA 40 employees including 25 engineers 3 offices in France and 2 Offices abroad (Shanghai and Vancouver) A management with 94 years of international experience and 84 years in the energy industry A plan to open soon a subsidiary in China Scientific Committee including members from Industrial solutions for a low carbon economy 5

6 Speeding up a world scale commercial deployment 5 years from idea to first pilot plant year from pilot to first sale + 1 year for first export contract st international deal (India) 1 st contract (France) 3 new contracts : France + Ukraine 1 40 projects identified 2 new sales (China) IPO in Paris (Alternext of Euronext) 1 st pilot plant ORCHID is built Amundi et Siparex VC fund investment ENTREPRISE INNOVANTE 2008 ORCHID proprietary turbine development. ORC becomes key technology and focus ENERTIME foundation The company grows with ORC Waste Heat Recovery market 1 French contract should be signed during 2016 and Ukrainian deal won under EBRD tender Industrial solutions for a low carbon economy 6

7 We convert Waste heat into power

8 ORC, a proven technology based on Rankine cycle (as in water-steam cycle) WATER used as working fluid in steam turbines (Steam Rankine Cycle) Low temperature Organic Rankine Cycle Steam Rankine Cycle Samll Is replaced by an ORGANIC FLUID from carbon chenistry (Organic Rankine Cycle) Operation / Maintenance ++ Qualified staff required Performance = = Risks +/- Re. fluid + + : important advantage, = : neutral, -- : disadvantage Source : Company SRC and ORC are the ONLY RELEVANT TECHs FOR HEAT TO POWER CONVERSION 1 We convert waste heat 1 Source : Waste Heat to Power Market Assessment, ICF international, March 2015 into power 8

9 Competitive technology For two major markets ENERTIME designs and builds turbines and the associated ORC power modules : 1MWe gives Power to 1000 people Output up to 5 MWe 1MWe 1,5 M investt. Waste Heat Recovery (for power or Combined Heat and Power) Source : Société Distributed renewable energy (biomass or geothermal) We convert waste heat into power 9

10 A complete range of solutions for Industries HEAT TO POWER CONVERSION From 90 C TAILOR MADE We design and manufacture our turbines POWER TO HEAT RATIO -> 16,5% ( 200 C) for electrical generation 3 MODULE RANGES 100 kw to > 5 MW (Rainbow, ORCHID, special) LOW ENVIRONMENTAL FOOTPRINT Mostly non flammable working fluids LONG LIFETIME 30 years Source : Société Enertime designs and installs turnkey ORC solutions We convert waste heat into power 10

11 A strong and focused R&D on 2 key directions ORCHID+ VALENTHIN LEANSHIPS 12 R&D programs ORC Optimization Innovations & synergies ANR SeleCO 2 Intellectual Property 5 patents applications since 2014 We convert waste heat into power 11

12 R&D Recent development New ESCO business model: Orcasil funding and the on-site project existing of the FMGC Excellence in fluid dynamics: Master thesis with the ENSAM Dynfluid laboratory in Paris and partnership with Politecnico Milano Design of heat exchangers: Starting with the Carphymcheau project in Geodenergies We convert waste heat into power 12

13 Energy independence using geothermal power with ORC technology FONGEOSEC GEOTHERMAL DEMONSTRATION Combined Heat and Power from geothermal ORC plant Rating : 5,5 MWe and > 25 MW thermal This project spearheads deep geothermal development in France 1 1 Fonroche Géothermie : Enertime, Flodim, Enesol Géothermie, Well Staff Développement, Foragelec, Armines, l Ensegid, le BRGM et le Latep Commissioning planned for 2019 We convert waste heat into power 13

14 Distributed energy on demand using biomass and ORC Port Marianne biomass CHP plant (Montpellier) New concept for eco-districts Heat Cold and Power 1 Source : Enertime We convert waste heat into power 14

15 A fast growing market footprint

16 REFERENCES Waste Heat Recovery Pilot plant ORCHID 1000 FMGC CHÂTEAUBRIANT (44) GROUPE FARINIA Award winning in 6 th Call for innovation in «Energy Efficiency for Industries» ADEME-TOTAL Rating : 1 MWe Power production from a process heat source at 200 C 1 In operation since Oct.2012 Provides power to the site from its own waste and reduces offtake from grid by up to 30% Source : company Accelerating 1 thermal power up to 6 MWth, cost of power market generated: deployment 70 / MWh 16

17 REFERENCES Biomass Tri-generation (A first of a Kind in France) ORCHID COGEN SERM MONTPELLIER (34) PORT-MARIANNE ECO-DISTRICT Electrical output: 0,6 MWe Heat / Cold output 4,8 / 3,1 MW 1 90 C water / or 8 C water w. absorption chillers Commissioning March 2015 CHP efficiency > 80% of biomass PCI, Much higher efficiency than conventional large water steam CHP units Source : Société Accelerating 1 enough for flats and and m² market of offices deployment, shops and various municipal buildings. 17

18 Five large projects Under execution BAOTOU STEEL (China) top 20 of chineses steel mills One ORCHID turbine 1 MWe SHANGHAI BAOSTEEL (China) Leader on the Chinese market One ORCHID module 3,2 MWe SYCTOM (France) Great Paris waste management One ORCHID COGEN module 1 MWe Suez Environnement (France) Caen Waste to Energy Plant 0 one ORCHID module 2 MWe KAMYANETS PODILSKYI (Ukraine) First Project in Eastern Europe One ORCHID COGEN module 1,6 MWe Order book at 9,1 M for deliveries in 2016 and 2017 Accelerating market deployment 18

19 A structured Company

20 A comprehensive offer responding to customer specific needs. TURNKEY ENERGY SOLUTION ORC POWER MODULE Comprehensive services Integration Know-how ORC TURBINE High value added components A structured Company 20

21 Relying on 3 internal key competencies And partner factories Management, commercial & support Gilles David CEO Fabien Michel GM & CTO Pierre du Baret Sales and Marketing Christophe Roncoroni Finance 5 engineers + 3 employees Operations Clément Gantiez Senior project manager Laurent Sanchez Senior project manager & Manager Lyon office Kudzo Otini PLC and automation and electrical 9 engineers & 1 technician & 1 trainee Specification and sourcing of components Turbine assembly Mechanical eng. & service Ahmed Berkane Manager 3 engineers 5 technicians 2 trainees ORC and turbine design Machining forge & foundry A structured Company Module assembly Tasks performed by ENERTIME Tasks subcontracted under Enertime supervision 21

22 Shareholders and Governance BOARD OF DIRECTORS SHAREHOLDING Post IPO Gilles DAVID - Président Public Ahmed BERKANE Other investors including employees 8,95% 12,32% 24,47% Management Emmanuel HAU * SIPAREX - Andréas GALL 4,21% 18,68% 31,37% Jean-Marc PERRAUD * * Independant Directors Isabelle LANGE * issued shares new shares to be issued if options are exercized A structured Company 22

23 A fast growing market

24 Waste heat recovery, The new ORC fast growing market segment 2010/ % 2015/in fabrication + 20% 2010/ % > ACCUMULATED INSTALLED ORC CAPACITY ( MWe) INDUSTRIAL WASTE HEAT RECOVERY WITH ORCs ( MWe) A fast growing Source : ORC manufacturer data base (january 2016) market 24

25 A competitive environment but only five world-class players 1 Temperature ( C) Waste heat recovery (industry) and biomass Waste heat recovery (Oil & Gas ) and geothermal ,5 1,0 3,0 5,0 20,0 A lean player ready to conquer a largely untapped market Rating (MWe) 1 Source : ENERTIME A fast growing market 25

26 References in 4 of the main ORC markets in France 140 MW 60 MW 80 MW 1 : ADEME Industrial Waste heat recovery 1 Geothermal by Diesel power plants in islands 3 2 : Ministère de l Ecologie, du Développement Durable et de l Energie 3 : Ongoing talks with EDF, EDT (Tahiti), EDM (Mayotte) and ENERCAL (N. Calédonie) - Market estimate by Ministère de l Ecologie, du Développement Durable et de l Energie Natural gas compressor stations 4 Incinerators 5 5 : Company data 4 : H-REII survey Biomass 6 30 MW 6 : CRE + Ministère de l Ecologie, du Développement Durable et de l Energie 7 : Company estimate based on a pricce of 1,5 M per MW Overall French market potential 400 MWe equal to a market of 600 M 7 60 MW 30 MW A fast growing market 26

27 A company gearing up for global sales deployment 14 LANGUAGES fluently spoken by the company staff 8 COUNTRIES COVERED by agents, partnerships or offices NEW OFFICE open in China >50% of TURNOVER from overseas contracts A fast growing market 27

28 Sales efforts are already giving results AMBITION ORDER BOOK JUNE ,1 M 1 5 contracts IDENTIFIED PROJECTS 40 projets For a total T/O potential of 100 M Over the next two years Establish a clear and sustainable world TOP 5 position A fast growing market 28

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