ITM Power plc From Energy Storage to Clean Fuel; 15 th Sept 2010 Dr Graham Cooley, CEO "I've got my hydrogen fuel cell car and. it's great, but you have to find a hydrogen filling station. Jay Leno, The Sunday Times 12/9/10 ITM ITM POWER Investor Open Day Presentation, June 2010
ITM Power plc From Energy Storage to Clean Fuel; 15 th Sept 2010 Dr Graham Cooley, CEO Contents Introduction Technology Snapshot Market Entry Products The Case for Energy Storage The Case for Green Hydrogen Fuel Summary ITM ITM POWER Investor Open Day Presentation, June 2010
Company Positioning Energy Storage Clean Fuel Essential Technology & Systems Harnessing Renewable Energy Producing Green Hydrogen Regeneration of Power A Zero Carbon Footprint Fuel
Product and Market Strategy Market Entry Strategy Small Electrolyser products Existing markets Head to head competition Distribution partners Offering based on price Building New Markets Energy Storage Hydrogen Energy Systems Articulate new offerings Develop with global partners Based on ITM s USP s Positioned for the Big Win Clean fuel Partner trials for HFuel Develop home refueller Global Positioning Fuel cell for Automotive
Technology Snapshot ITM ITM POWER Investor Open Day Presentation, June 2010
ITM s Suite of Membrane Materials A Key Component in the Hydrogen Supply Chain A low cost, high efficiency membrane Hydrocarbon materials Cross-linked structure In-house formulation control Ease of production Patented worldwide
Electrolyser Stacks and Clean Assembly The Art of Hydrogen Generation Achieving the correct environment Specialist design expertise Proprietary assembly processes Contamination controls Performance at large scale
Cell and Stack Testing A Multi-Staged Qualification Process Gain evidence through extensive evaluation Increased testing capacity Well developed testing Comprehensive monitoring Establish operational limits
Market Entry Products ITMITM POWER Investor Presentation, June POWER Open Day Presentation From intermittent power to a2010 transport fuel
Company Positioning Key Component in the Hydrogen Supply Chain A low cost, high efficiency membrane 70% efficiency Blah Blah
Company Positioning Key Component in the Hydrogen Supply Chain A low cost, high efficiency membrane 70% efficiency Blah Blah
Product and Market Strategy Market Entry Strategy Small Electrolyser products Existing markets Head to head competition Distribution partners Offering based on price Building New Markets Energy Storage Hydrogen Energy Systems Articulate new offerings Develop with global partners Based on ITM s USP s Positioned for the Big Win Clean fuel Partner trials for HFuel Develop home refueller Global Positioning Fuel cell for Automotive
The Case for Energy Storage ITM ITM POWER Investor Open Day Presentation, June 2010
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
UK Load Duration Curve Plant utilisation over time: Inefficient utilisation of plant 40% fully utilised Peak Mid-merit Base load Data from National Grid
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
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.
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
UK Generation CO 2 targets to be met by power & heavy industry: 16% reduction in GG emissions by 2020 31% renewable generation by 2020 This cannot be achieved without energy storage!
Renewable Energy Management Wind Energy: The UK A plentiful resource? Best Wind resources in Europe Entering Phase Three of construction in UK Onshore capacity factor 30%, offshore 40%
Renewable Energy Management Wind Energy: The Case for Denmark Study by CEPOS Sept 2009 20% of its generating capacity is wind Only 5% of demand is met by wind Negative electricity prices 50% is exported to Sweden and Norway The report calls for energy storage
Storing Renewable Energy ITM ITM POWER Investor Open Day Presentation, June 2010
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 Genera*on Transmission Distribu*on Customer Services Distributed Energy Storage
Summary: Energy storage offers: Improve operational efficiency Integrate intermittent renewables Support base load nuclear Join the dots between power & energy Decarbonisation However: Many technologies are unproven Cost targets are difficult to define Engineering scale poses a technology risk Sector Export: Ready to implement Addresses the needs of both the power and transport industries
Sector Export ITM ITM POWER Investor From Open intermittent Day Presentation, power June to a 2010 transport fuel
Power Sector Export Exporting 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
Power Sector Export
Product and Market Strategy Market Entry Strategy Small Electrolyser products Existing markets Head to head competition Distribution partners Offering based on price Building New Markets Energy Storage Hydrogen Energy Systems Articulate new offerings Develop with global partners Based on ITM s USP s Positioned for the Big Win Clean fuel Partner trials for HFuel Develop home refueller Global Positioning Fuel cell for Automotive
The Case for Green Hydrogen Fuel ITM ITM ITM POWER POWER Investor Open Open Day Day Presentation, Presentation June 2010
Hydrogen Fuel Drivers for a Clean Fuel Acceptance is now mainstream Decreases dependence on fossil fuels Decarbonizes transport Improves air quality
Hydrogen Fuel Cell Vehicles Hydrogen Cars Serious Traction envisaged around 2015 Air quality may drive early adoption Commercial fleet early adoption
Hydrogen Fuel Cell Vehicles Hydrogen Cars 2010 Every major OEM has launched Honda FCX Clarity Chevrolet Equinox Toyota FCHV ITM Energy ITM POWER Storage Investor Clean Open Fuel Day Presentation, June 2010
EV and Hydrogen Vehicles EV and Hydrogen Cars GM s E-Flex System comes in two versions Every major OEM has launched a Hybrid A hydrogen vehicle is an EV The King review caused confusion Hybrid EV Hydrogen Vehicle
EV and Hydrogen Vehicles EV and Hydrogen Cars Every major GM s OEM E-Flex has launched System a Hybrid comes in two versions A hydrogen vehicle is an EV The King review caused confusion Hydrogen Vehicle
Hydrogen Internal Combustion Engine (HICE) Vehicles ITM Power HICE Ford Focus A Pragmatic Stepping Stone Low cost Uses existing technology Breaks the chicken and egg scenario
Hydrogen Refuelling Infrastructure Hydrogen Cars Infrastructure Germany leads the way FC Vehicle LoI signed 2009 H 2 infrastructure MoU signed 2009 1,000 refuelling stations by 2015 2015 commitment to FC vehicle roll out in Germany Letter of understanding signed 2009 H 2 -mobility project for infrastructure in Germany MoU signed 2009
Hydrogen Fuel Brown Hydrogen Based on reformed natural gas Burning gas once removed Loss in transport Transported by diesel
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
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
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 Product launch at AGM on 15th Sept
Hydrogen Refuelling The HOST Programme Hydrogen On-Site Trials
HICE Vans Revolve HICE Ford Transit vans Hydrogen Internal Combustion Engine Transit Vans Van costs 13k + VAT Van conversion 12k + VAT (100 off)
Hydrogen Refuelling The HOST Programme Hydrogen On-Site Trials DHL Supply Chain Scottish Water Stansted Airport Forestry Commission Sheffield City Council Camden Council More to come.
Hydrogen Refuelling HPac, HFill, HFuel 2011 An integrated product range from home refuelling to mobile infrastructure units
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
The Competition? Honda Solar Hydrogen Station A shared vision Honda FCX Clarity arrived in the UK yesterday Honda calls for a UK hydrogen infrastructure
Summary We re Losing the Race for the Car of the Future There's a better alternative to oil than batteries No government support UK pioneers Overtaken by Germany & US Huge opportunity
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 Investor Open Day Presentation, June 2010