ITM Power plc From intermittent power to a transport fuel Dr Graham Cooley, CEO

Transcription

1 ITM Power plc From intermittent power to a transport fuel Dr Graham Cooley, CEO ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel

2 ITM Power plc From intermittent power to a transport fuel Dr Graham Cooley, CEO Contents Introduction Industry snapshot Storing renewable energy Sector export Directly coupling to a renewable power source Hydrogen refuelling Summary ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel

3 Company Positioning A new low carbon power system Can the grid cope? Power surging need for energy storage Intermittency need for energy storage Diversity increase need for power conditioning Unit size decrease need for power conditioning Sector export is an elegant solution

4 Industry Snapshot ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel

5 UK Electricity Demand Demand varies daily, weekly, seasonally: Winter peak is 60 GW Base load plant Mid merit plant Peaking plant Data from National Grid

6 UK Load Duration Curve Plant utilisation over time: Huge utilisation of inefficient plant 40% fully utilised Peak Mid-merit Base load Data from National Grid

7 Bulk Commodity Storage Shifting the peaks to fill the troughs: Turns mid merit in base load Reduces the need for peaking Increases system efficiency Day night arbitrage! Data from National Grid

8 Bulk Commodity Storage Shifting the peaks to fill the troughs: Turns mid merit in base load Reduces the need for peaking Increases system efficiency Day night arbitrage! The Balancing Mechanism Reporting System (BMRS) The BMRS website provides near real time and historic data about the Balancing Mechanism which is used by the National Grid (System Operator) as a means of balancing power flows on to and off the electricity Transmission System in the UK.

9 UK Electricity Demand Adding Intermittent Power: Need take or break decisions Undermines Base load Increased need for spinning reserve Pushes you back down merit order Add wind? Data from National Grid

10 UK Generation CO 2 targets to be met by power & heavy industry: 16% reduction in GG emissions by % renewable generation by 2020 This cannot be achieved without energy storage!

11 Supply Chain Logistics Adding energy storage to the logistics: Five elements are dynamically balanced Adding energy storage would lead to: New business models New service strategies New pricing structures Bulk Energy Storage Fuel Generation Transmission Distribution Customer Services Distributed Energy Storage

12 Storing Renewable Energy ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel

13 Energy Storage Applications Segmented by size and storage time: Commodity storage (already discussed) Renewable energy management Power Quality Customer Energy Management

14 Renewable Energy Management Unpredictable Generation Low load factors Supply and demand mismatch Low return on capital Prices passed onto the customers 5MW offshore wind turbine DTI, 'Energy Trends', March 2006 p. 29

15 Renewable Energy Management Unpredictable Generation Low load factors Supply and demand mismatch Low return on capital Prices passed onto the customers

16 Asynch. Connection Bottlenecks Flicker Long Lines & Cables Power Oscillators Voltage Instability Power System Conditioning A new low carbon power system - major benefits F a c t o r s & P h e n o m e n a Increased need for power system conditioning Complex Power Electronics Static VAR compensation - major benefits - additional benefits T&D regulation DVR Energy Storage Harmonic filters HVDC HVDC Light Minicap MINICOMP(STATCOM) PSGuard Wide Area Monitoring Series compensation Shunt capacitor Shunt reactor Static Freq. Converter SVC SVC for Industry STATCOM SVR TCSC

17 Sector Export ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel

18 Power Sector Export Dumping power to high value applications Supply/Demand mismatch can be alleviated by exporting power to another sector Fuel is a huge sector Needs decarbonising Improve air quality Reduce dependence on fossil fuels

19 Power Sector Export

20 Directly Coupling to a Renewable Power Source ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel

21 HCore HCore Stand-alone hydrogen generator: Passively convection cooled Passive water/gas separation No pumps High efficiency Stackable Simple design Cast lends itself towards Mass manufacture

22 ITM Power plc HBox PV HBox: Based upon the HCore Stack: Minimum parasitic balance of plant (BOP) load High efficiency cells Configured to accept a range of RE inputs 8W peak non-stack parasitic load With 1.3kW of PV, Hbox PV produces up to 210g of H 2 per day Stand alone or part of an integrated system Modular solution

23 The Benefits of HBox PV Benefits: Provides a truly off-grid, low maintenance hydrogen solution Operates with lower solar irradiance Can be turned on at first light Can produce hydrogen up until the last minutes of dusk Few moving parts BOP STACK Conventional Electrolyser HBox PV

24 ITM Domestic Hydrogen Proposition ITM Off Grid Hydrogen Home: Places a high priority on the building s energy systems Design and integration expertise Serving energy demands for CHP Cooking and home vehicle refuelling

25 ITM Power plc A Range of Hydrogen Solutions ITM Off Grid Hydrogen Home: Places a high priority on the building s energy systems Design, hydrogen technology solutions and integration expertise Serving energy demands for power, heat, cooking and even home refuelling of vehicles Hydrogen Cooking Backup Power Seasonal Storage Full Autonomy Increased hydrogen use Increased storage requirements Increased buildings-integrated renewables

26 Hydrogen Refuelling Infrastructure Products ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel

27 Power Sector Export ITMITM POWER Investor Presentation, June POWER From intermittent power to a2010 transport fuel

28 Hydrogen Refuelling Green Box 2008 A pioneer in the field since kg/day prototype 8 hour refill Designed as a home refueller Product format did not gain traction

29 Hydrogen Fuel Cell Vehicles Hydrogen Cars 2010 Every major OEM has launched Honda FCX Clarity Chevrolet Equinox Toyota FCHV

30 Hydrogen Fuel Cell Vehicles Hydrogen Cars Serious Traction envisaged around 2015 Air quality may drive early adoption Commercial fleet early adoption

31 Hydrogen Fuel Cell Vehicles Hydrogen Cars Serious Traction envisaged around 2015 Air quality may drive early adoption Commercial fleet early adoption

32 Hydrogen Refuelling HPRU 2009 Stationary High Pressure Refueller Rapid cascade refuelling at 350 bar Flexible and modular One of only four refuellers in the UK Currently not FC grade

33 Hydrogen Refuelling HFuel 2010 Hydrogen Fuel infrastructure unit HFuel 15kg/day, rapid cascade refuelling at 350 bar Flexible, modular and transportable refuelling unit Targeted at the urban commercial fleet market Part funded by TSB

34 Second Major Corporate Objective: Commercial Launch The HOST Programme Hydrogen On-Site Trials for Logistics Companies One week free trial 15kg/day 350bar refueller 2 Revolve transit vans DHL Supply Chain Stansted Airport More to come.

35 Home Refuelling ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel

36 Hydrogen Refuelling HPac, HFill, HFuel 2011 An integrated product range from home refuelling to mobile infrastructure units

37 Hydrogen Refuelling HFill 2011 Home refueller for coupling to embedded renewable energy Developed in a mature legislative environment Services for the 700 bar adopted standard Aligned with a highly distributed model Collaboration with Next Energy

38 Hydrogen Refuelling HFill 2011 Home refueller for coupling to embedded renewable energy Developed in a mature legislative environment Services for the 700 bar adopted standard Aligned with a highly distributed model Collaboration with Next Energy

39 ITM Domestic Hydrogen Proposition Integration of Hydrogen Home and Refuelling: Who are the entry customers What are the most effective partnerships What is the collaborative structure What's the business model

40 Company Positioning

41 Summary Renewable power needs energy storage Sector export a great solution Transport is a large enough sector Green hydrogen is a zero carbon footprint fuel ITM ITM POWER POWER Investor From intermittent Presentation, power June to a 2010 transport fuel