Saga Pure Asa · OSL:SAGA
Saga Pure Asa — Q3 2021 Earnings Presentation
19 slides from Saga Pure Asa's earnings presentation, Nov 10, 2021
Slide 1: Next generation liquid hydrogen storage and transportation
Next generation liquid hydrogen storage and transportation Leiv Låte, CEO 1
Slide 2: Global demand for hydrogen will see significant growth towards 2050 to reach net zero
Global demand for hydrogen will see significant growth towards 2050 to reach net zero Hydrogen demand by sector needed to achieve Net Zero Emissions by 2050* 600 500 400 Mt H2 300 200 100 0 2020 2030 2040 2050 Grid injection Buildings Power Fuel Industry Refining 2 * IEA Global Hydrogen Review 2021.
Slide 3: Global liquid hydrogen market expected to grow rapidly in the coming years
Global liquid hydrogen (LH2) market expected to grow rapidly in the coming years Expected LH2 production IRENA estimates 4.6 0.23 Mt LH2 Mt LH2 3000 tons LH2 2025 2030 2035 2040 2045 3 IRENA, Green Hydrogen Supply, 2021
Slide 4: New technologies can increase the addressable market substantially from IRENA estimates
New technologies can increase the addressable market substantially from IRENA estimates Potential LH2 production ICT estimates 28 Mt LH2 1.42 Mt LH2 3000 tons LH2 2025 2030 2035 2040 2045 4 Company estimates
Slide 5: How fast can the liquid hydrogen (LH2) market grow?
How fast can the liquid hydrogen (LH2) market grow? Expected LH2 production ICT and IRENA estimates • In 2021, a total of 350 tons LH2 is 30 produced • In 2020, shipping consumed a total of 25 412 Mt fuel, corresponding to 11 exajoules • The expected maritime consumption, based on tenders and signed
Slide 6: Liquid hydrogen has great benefits, but also challenges that need to be addressed
Liquid hydrogen has great benefits, but also challenges that need to be addressed The key challenge is enabling long-term storage and transport of large quantities of hydrogen Pros of LH2 Cons of LH2 Zero emission, non-toxic energy carrier Low temperature High energy density (energy/kg) Prone to hig
Slide 7: ICT reduces constraints related to storage and transportation of liquid hydrogen
ICT reduces constraints related to storage and transportation of liquid hydrogen Creating the basis for both large- and small-scale storage and transportation infrastructure for LH2 Near unlimited storage time Enabling large-scale, seaborne Enabling lower weight with very low boil-off LH2 transporta
Slide 8: Low-pressure LH2 tanks have clear benefits
Low-pressure LH2 tanks Thermodynamics explains why LH2 will be the preferred energy carrier have clear benefits Lower pressure (<0.5 barg vs 6 barg) 100 → higher energy density, less strain on tank 90 ICT Lower tank weight 80 → High efficiency factor (kg LH2/kg steel) Today’s 70 LH2 Density [kg/m3]
Slide 9: ICT's technologies have clear benefits compared to existing solutions
ICT’s technologies have clear benefits compared to existing solutions* Low tank pressure High mass efficiency factor Low heat flux Safety Low tank weight Insulation 250-700 barg 26,3% > 2 W/m2 8,5% 5,9% < 0,5 W/m2 1-10 barg 0,5 barg ICT Conv. LH2 tanks Compressed H2 ICT Conv. LH2 tanks Compressed H2
Slide 10: Norwegian technology company developing LH2 applications, built on leading LNG competence
Norwegian technology company developing LH2 applications, built on leading LNG competence Founded in 2009 – Highly competent 5 patents filed, 3 knowledge history team with extensive under development from 1991 experience from LNG 10
Slide 11: ICT improves the competitiveness of liquid hydrogen through two primary technologies
ICT improves the competitiveness of liquid hydrogen through two primary technologies Fuel tank and Membrane portable storage technology technology 11
Slide 12: ICT's technology is suitable for a wide range of applications, from small-scale to large-scale
ICT’s technology is suitable for a wide range of applications, from small-scale to large-scale 400.000 m3 Membrane tank for Membrane technology medium to very large carriers and land tanks ICT – Deep sea and seasonal storage Fuel tank and portable storage technology 2.000 m3 Fuel tank and small to m
Slide 13: ICT's membrane technology represents the future of large-scale storage and transportation of hydrogen
ICT’s membrane technology represents the future of large-scale storage and transportation of hydrogen Two separate vacuum Twin primary membrane Modular design Solid and robust vs. sloshing* insulation compartments with leak detection and construction or earthquake loads Use Membrane tank for large t
Slide 14: Liquid hydrogen carrier, also for LNG, with smart cooling system
Liquid hydrogen carrier, also for LNG, with smart cooling system ICT membrane 9.000 m3 carrier Regional distribution of bunkering at sea for LH2 or LNG 14
Slide 15: ICT's fuel and distribution tank combines low weight with flexible, prismatic design
ICT’s fuel and distribution tank combines low weight with flexible, prismatic design and optional cooling system Light weight Integrated evaporator Flexibility in shape Portable Use Fuel and distribution tank for small to large marine vessels, trains, HDV and possibly aviation Tank size 0,5 – 2.000
Slide 16: ICT enables low weight fuel tanks for LH2 where weight saving is essential
ICT enables low weight fuel tanks for LH2 where weight saving is essential Solution inspired by potential customer 16
Slide 17: Large potential within several market segments, covering small to large scale applications
Large potential within several market segments, covering small to large scale applications Suitable for carriers, fuel tanks, distribution and energy segments Small-scale LH2 fuel tank < 1000 m3 Medium-scale LH2 logistics Large-scale LH2 logistics < 6.000 m3 > 6.000 m3 HDV, buses, trains and aviatio
Slide 18: ICT aims to bring new opportunities to the cryogenic liquid storage and transportation sectors
ICT aims to bring new opportunities to the cryogenic liquid storage and transportation sectors Full speed ahead toward making liquid hydrogen accessible Timeline Completed Ongoing Next steps ✓ Approval In Principle (AIP) for membrane tank • Approval In Principle (AIP) for fuel and • Proof of concept
Slide 19: stay cool
stay cool www.ic-tech.no Kier