Hydrogen & Fuel Cell - Intelligent Energy Company Overview UK H2 Mobility Fuel Cell London Taxi IE Japan Ltd Representative Director Masataka Yamakawa January 2013 2012 Intelligent Energy Limited The information in this document is the property of Intelligent Energy Limited and may not be copied or communicated to a third party, or used for any purpose other than that for which it is supplied without the express written consent of Intelligent Energy Limited. This information is given in good faith based upon the latest information available to Intelligent Energy Limited, no warranty or representation is given concerning such information, which must not be taken as establishing any contractual or other commitment binding upon Intelligent Energy Ltd or any of its subsidiary or associated companies. 1
Commercialisation i through h partnerships International power technology company with globally scalable business Commercialising our world leading fuel cell technologies with our business partners Technology and business leader Established in 2001 Blue Chip customers with understood & scalable commercialization route Business model: from licensing to equity participations Scalability, cost reduction and manufacturing risks mitigated Accelerated and de-risked go-tomarket plans The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 2
Intelligent Energy - commercial application across 3 key sectors Consumer Electronics; portable & extended operating power Stationary Power; CHP, on-demand, telecommunications, backup power, emergency power Motive Power; Two-wheeled vehicles, automotive, commercial vehicles Design once, deploy many times The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 3
Unique Fuel Cell Technology Flexible Design Design once, deploy many times philosophy across multiple applications Portable power Back-up & remote power 2 and 4 wheel vehicles CHP systems Aerospace Four wheel vehicles 4
Aerospace applications Intelligent Energy powers world s first manned fuel cell aircraft More Electric Aircraft. Clean, multi functional APUs for civil aircraft 5
CHP JV agreement with SSE 10m Energy supply customers Residential 500W-2kW Commercial 10kW-20kW 6
Backup power system field experience in India Solution provided: equipment + service + fuel Proven in the field Remote health monitoring proven 99.99% 99% site availability System production launch in 2013 7
Suzuki and Intelligent Energy Joint Venture Smile FC System Corporation February 2012 Same size and weight as conventional vehicle Approx range of 220 miles Refuels in < 5 minutes 50:50 JV will accelerate deployment of fuel cells for next generation of environmentally friendly fuel cell vehicles HQ in Hamamatsu with Technical Centre in Yokohama to manufacture air-cooled fuel cell systems for a range of industry sectors, automotive and stationary power The JV will benefit from Suzuki s production expertise and global operations Intelligent t Energy CEO, Dr Henri Winand & Suzuki Chairman and CEO Osamu Suzuki 8
Decarbonisation of Road Transport Total Emissions Sector Total Abatement In order to achieve G8 CO 2 reduction goal of 80% by 2050, road transport must: Achieve 95% decarbonisation Possibly, zero CO 2 for all new vehicles from 2040 The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 9
UK H 2 Mobility: joint industry-government project to determine the potential for hydrogen and to develop a roll-out strategy Launch partners UK Government departments Car OEMs Hydrogen providers/ producers and utilities Technology providers Public-private partnerships Fuel retailers Goal Evaluate the potential for hydrogen as a transport fuel and develop a rollout strategy that will contribute towards Decarbonising surface transport Creating new economic opportunities Diversifying energy supply Reducing local environmental impacts Companies interviewed in Phase 1A Fuel retailers Fleet operators and lease companies Valuation companies Grid operator
UK H 2 Mobility is following a stage-gated approach: Phase 1 concludes at the end of 2012 Phase 1a: Role of hydrogen transport in the UK Phase 1b: Hydrogen rollout strategy development Phase 2: Business case development Phase 3: Implementation plan Core activities Establish a robust evidence base for the role of H 2 in the UK market Develop strategy for H 2 rollout in the UK and stress-test alternative scenarios to prove robustness of plans Develop an agreed business case Facilitate coordinated action to deliver the vision for hydrogen rollout Timeline Dec 2011-Mar 2012 Apr 2012-Dec 2012 Jan 2013-Aug 2013 Aug 2013-Dec 2013 End products A blueprint for hydrogen rollout in the UK, stress tested against key sensitivities Range of infrastructure and vehicle roll-out scenarios, including likely investments and revenues A detailed plan for structuring rollout of hydrogen vehicles and infrastructure t in the UK Public report summarising activities of the consortium An agreed business case and implementation plan for rollout of hydrogen vehicles and refuelling infrastructure in the UK Commercial, synchronised deployment of fuel cell electric vehicles and hydrogen refuelling infrastructure in the UK Status ( ) 1
A staged HRS rollout strategy will enable the UK to achieve nationwide coverage in 3 phases Rollout approach Expected HRS network Classification of regions and motorways in 3 tiers based on scoring of population, traffic etc. Tier 1 covered by 2020 Focus on major population centres, enable long distance travel between Tier 1 regions- covered by 2020 Tier 3 Tier 2 Tier 1 Tier 2 roads Tier 1 roads Tier 2 by 2025 Extend close-to-home refuelling to 70% of the population, p full coverage of major road network Tier 3 by 2030 Extend close-to-home refuelling to the whole of the UK, including less populated regions 12
Key focus: linking HRS deployment with initial vehicle sales to minimise risk of low utilisation while meeting customer needs Aim Concept Advantages Ensure that enough stations are available in early years to meet needs of early adopters Link the subsequent rollout of hydrogen refuelling stations (HRS) to the deployment of FCEVs over time Initial seeding of HRS Fixed number of HRS deployed No further HRS built until FCEV parc reaches agreed threshold # HRS # FCEV Mass-market rollout HRS deployed to match vehicle sales FCEV to HRS ratio set to ensure profitability of infrastructure Approach minimises risk of low station utilisation further expansion of HRS conditional on FCEV sales growing Provides customers with confidence that infrastructure will grow Provides confidence to OEMs that new customers will be unlocked as coverage increases time 13
Conclusions De-carbonisation of the transport (and energy) sector and air quality improvement mandates are continuing Enhanced options to green H2 for transport based on bio, waste, renewables, CCS and energy storage pathways are increasingly feasible Auto OEM commitment to FCEVs and rollout for 2015, plus government support for the auto sector as a mechanism for continued innovation, employment, productivity and manufacturing sets the timeline requirement Breaking the infrastructure versus vehicle dilemma is critical for first mover and fast follower regions Establishing FCEV and HRS clusters as a rollout basis with selected infill to cater for longer journeys and long distance networks more appropriate than concentrated t corridors and highwaysh Business models or/and support mechanisms that provide a payback (even if longer term then typical) for investors providing early infrastructure is critical 14
FCEV taxi fleet deployment - London 2012 Olympics Five fuel cell Black Cabs operating over entire Olympics period VIP guest service for Greater London Authority and the Mayor s Office The fuel cell taxis refuelling at Heathrow Cleaner Air For London as a legacy intent EU HyTEC programme and London Hydrogen Partnership The taxis operating in London The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 15
Fuel Cell Taxi initial specification Overall Length Overall Width Overall Height Weight Motor Fuel Cell Fuel Storage Battery Range Top Speed 4580mm 2036mm (including mirrors) 1834 mm 2180kg 3-phase brushless permanent magnet (100kW) PEMFC (Intelligent Energy) Pressurised Hydrogen Tank (35 MPa) Li-Polymer Battery, 14kWh 250 miles / 402 km 95 mph The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 16
Build complete track & road testing, 5 taxi fleet Drivers & Training Driver selection LTI Experience essential License for inner and outer London 5 drivers All with 30+ years driving in London The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 17
Hydrogen Heathrow site (Air Products) Hydrogen fuelling Drivers trained Unmanned operation 24 hour service ~5 minutes for a complete refill (350 bar 3.7 kg) The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 18
Venues, Routes & Access Security vehicle and driver passes Olympic Lane access Multiple locations for collect and drop-off off Venues & Routes -Familiarisation The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 19
Operations - outcome - Now past 4000 Km in-service running - All GLA s VIP and VVIP guests collected & delivered safely - Zero incidents related to fuel cell systems or H2 safety - 1 en-route stoppage - Multiple minor software glitches (>90% of errors software related) - Taxis will now move to long term running Arnold Schwarzenegger @Savoy Hotel Michael Fallon MP (Business Minister) @Refuelling Millbrook Collection @BBC The information in this document is the property of the Company and may not be copied or communicated to third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company. 20