Invinity Energy Systems Plc · LSE:IES
Invinity Energy Systems — redT energy — Investor Presentation (October 2017)
27 slides from Invinity Energy Systems's investor presentation, Oct 25, 2017
Slide 1: Investor Open Day 2017
Investor Open Day 2017 The Olde House, Cornwall, 25 October 2017 Scott McGregor, Chief Executive Officer
Slide 2: redT energy storage machines
redT energy storage machines • Develops and Manufactures Liquid Energy Storage Machines for Commercial & Industrial Applications • UK-Based, Public Company (red:L), Office locations in UK, EU and Africa • 17 years of development, now proven technology in the field • > 4MWh machines across UK, EU, Au
Slide 3: redT Energy Storage Machine
redT Energy Storage Machine IP54 Container 5kW Stack 75kWh Tank Set 15kW, 75kWh Module redi energy storage
Slide 4: Changing Perceptions in the Energy Storage Market
Changing Perceptions in the Energy Storage Market • The wider market is only beginning to understand power vs energy from a use case perspective High Power High Energy Short Duration Long Duration • Incumbent technologies (Lead, Lithium) are power-centric. Lots of power for a short period of time. •
Slide 5: It's a Machine! Not a Battery!
It’s a Machine! Not a B******! Ideal for: Frequency Response Tenders – Good return in short run, but not sustainable long term Ideal for: Multiple, stacked services – Financeable, Infrastructure Asset with good long term returns
Slide 6: The Energy Storage Market
The Energy Storage Market 10-100MW 5-10MW 1-5MW 500-1000kW 100-500kW 50-100kW 10-5OkW 1-10kW Energy Security Timeshifting/Firm Solar <1kW Application {cnn ue} 6 <1 minute <Thour 1-4 hours 4-8 hours 8-12 hours >12 hours Days Duration re i energy storage
Slide 7: Non-Degrading Energy Storage
Non-Degrading Energy Storage • Technology does not degrade like conventional lithium or lead-acid batteries • Machine can be cycled heavily every day without significant capacity fade • As such, redT machines operate for >25 years – matching the life of your project • This gives market-leading LCOS
Slide 8: Grid Connected Renewables: C&I Base Case
Grid Connected Renewables: C&I Base Case UK C&I Min. 100kW Increase Self Consumption Peak Demand 1. Increase own utilisation of generation. Save money by reducing amount of energy imported from grid. Base Return Re-negotiate Utility Contracts 2. Avoid importing energy at peak times allows customer t
Slide 9: Demand for redT in the market
Demand for redT in the market There is strong market demand now…… Market Size Grid Connected C&I – Renewables + Storage – >10% IRR Certain geographies now economic; UK, Australia, Germany, USA …Time- $65-103bn shifting for self consumption, contracted services and merchant revenues Off-Grid & Weak G
Slide 10: Sustainable Equity Value
Sustainable Equity Value Sustain Scale Firm Functional Gen 3 performing Price team Prove Gen 2 sales Market Seeding Differentiating programme IP (leading tech), complete Orderbook product, service. across defined products USP Credibility Gen 1 design Case-studies Gen 2 system Ambassadors delivered S
Slide 11: redT Revenue Business Model
redT Revenue Business Model Product Capex Financing Value based pricing margin Electrolyte Rental Leasing 20+ Year Annuity Stream Operation Warranty Service & Maintenance Value Added Services Energy Trading Grid Services Revenues Management & Analytics
Slide 12: Recent Achievements
Recent Achievements • 14 Unit Order from Botswana based customer • 1st Vanadium-Lithium Hybrid 1MWh System sold into Australian Market • Expansion into new markets through strategic distribution partners 12 Units and 300 unit pipeline – engaging competitor’s pipelines • Multiple unit orders within t
Slide 13: Commercial Update
Commercial Update September 2017 April 2017 % Change Production & 16 Units 9 Units +78% Deployment 16 Units +220% Orders (+ 12 Distributor 5 Units (+ 12 units committed) Committed) Final Stage Customer ~€16.5m (205 Units) ~€6.5m (101 Units) +154% Selection for 2018 delivery Active Customer ~€323m ~€
Slide 14: The Olde House – 1MWh Project
The Olde House — 1MWh Project redi
Slide 15: Case Study: The Olde House, Cornwall
Case Study: The Olde House, Cornwall
Slide 16: Expansion into New Markets
Expansion into New Markets Active redT market Access via Partner Launching soon Response market
Slide 17: redT – Business Outlook
redT – Business Outlook • Focussed on implementation and deployment of key customer sites (Olde House, RNLI etc.) • Final stage of redT team build-out • Key segments & product differentiation • Building orderbook for 2018 • Gen 3 development, cost and specifications
Slide 18: Appendix
Appendix redi energy storage
Slide 19: Liquid Energy Storage
Liquid Energy Storage • Conventional batteries have VIDEO: How redT’s Technology Works fixed power and energy locked together in the cell – redT energy storage machines are modular and decouple power from energy – sized to your exact needs • Our energy storage machines use liquid electrolyte contain
Slide 20: Flow vs Conventional
Flow vs Conventional redT Energy Storage Machine Conventional Batteries (e.g. Lithium, Saltwater, Lead) Industrial-Scale, Medium & Long Duration Short Duration, Residential & Small Scale Stationary Energy Storage Applications Applications Up to 25 year life – Low Levelised Cost of Deteriorates with
Slide 21: High System Utilisation
High System Utilisation • Different technologies are better suited for providing certain services • Lead Acid – Short term • Lithium ion – Short/Medium term • Flow Machine – Long Term + Additional Short and medium term services
Slide 22: Hybrid Energy Storage
Hybrid Energy Storage Lithium - power Short term spikes, occasional careful usage will protect Solar generation - daytime Flow machines - energy 80% of demand/supply - Does not degrade - suited to daily, heavy cycling 20-30 years Flow machines address the weaknesses of conventional battery technolog
Slide 23: H1 2017 Financial Highlights
H1 2017 Financial Highlights Financial results for the group in H1 2017 were in line with overall management expectations • €13.2m in available cash (FY 2016: €2.8m) • Loans and borrowings €Nil (FY 2016: €Nil) • Revenue for the period €4.5m (H1 2016: €4.5m) (incorporating Camco activity) • EBITDA lo
Slide 24: redT units tested at PNDC, Scotland and in Johannesburg
redT 15-240 units being tested at PNDC facility, Scotland redT 5-40 units at customer project in Johannesburg, South Africa
Slide 25: redT 15-75 Machine being prepared for shipping to Johannesburg
redT 15-75 Machine being prepared for shipping to Johannesburg, South Africa Internal view of redT 15-75 machine performing a charge/discharge cycle
Slide 26: redT 15-75 on site in South Africa
redT 15-75 on site in South Africa Siting and commissioning of redT machine
Slide 27: redT's 1MWh site at The Olde House
redT’s 1MWh site at The Olde House