Itm Power Plc · LSE:ITM
Itm Power — Investor Presentation (June 2010)
41 slides from Itm Power's investor presentation, June 2010
Slide 1: From intermittent power to a transport fuel
ITM Power plc From intermittent power to a transport fuel Dr Graham Cooley, CEO ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 2: Contents
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 ITMITM POWER | Investor POWER Presentation, | From intermittent Jun
Slide 3: Company Positioning
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 ITMITM POWER | I
Slide 4: Industry Snapshot
Industry Snapshot ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 5: UK Electricity Demand
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 6: UK Load Duration Curve
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 7: Bulk Commodity Storage
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 8: Bulk Commodity Storage
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 Balan
Slide 9: UK Electricity Demand
UK Electricity Demand Adding Intermittent Power: Add wind? • Need take or break decisions • Undermines Base load • Increased need for spinning reserve • Pushes you back down merit order Data from National Grid ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transp
Slide 10: UK Generation
UK Generation CO2 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! ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 11: Supply Chain Logistics
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 Customer Fuel Generation Transmission Distribution Services Distr
Slide 12: Storing Renewable Energy
Storing Renewable Energy ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 13: Energy Storage Applications
Energy Storage Applications Segmented by size and storage time: • Commodity storage (already discussed) • Renewable energy management • Power Quality • Customer Energy Management ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 14: Renewable Energy Management
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power
Slide 15: Renewable Energy Management
Renewable Energy Management Unpredictable Generation • Low load factors • Supply and demand mismatch • Low return on capital • Prices passed onto the customers ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 16: Power System Conditioning
Power System Conditioning F a c t o r s & P h e n o m e n a A new low carbon power system - major benefits Long Lines & Cables Asynch. Connection Increased need for power system conditioning - major benefits Voltage Instability Power Oscillators • Complex Power Electronics Bottlenecks - additional b
Slide 17: Sector Export
Sector Export ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 18: Power Sector Export
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 ITMITM POWER | Investor POWER Presentation, | From interm
Slide 19: Power Sector Export
Power Sector Export ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 20: Directly Coupling to a Renewable Power Source
Directly Coupling to a Renewable Power Source ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 21: HCore
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transpo
Slide 22: ITM Power plc | HBox PV
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 H2 per day • Stand alone or part of an i
Slide 23: The Benefits of HBox PV
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 ITMITM POWER
Slide 24: ITM Domestic Hydrogen Proposition
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power
Slide 25: A Range of Hydrogen Solutions
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 Cookin
Slide 26: Hydrogen Refuelling
Hydrogen Refuelling Infrastructure Products ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 27: Power Sector Export
Power Sector Export ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 28: Hydrogen Refuelling: Green Box – 2008
Hydrogen Refuelling Green Box – 2008 A pioneer in the field since 2008 • 1kg/day prototype • 8 hour refill • Designed as a home refueller • Product format did not gain traction ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 29: Hydrogen Fuel Cell Vehicles
Hydrogen Fuel Cell Vehicles Hydrogen Cars – 2010 Every major OEM has launched • Honda FCX Clarity • Chevrolet Equinox • Toyota FCHV ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 30: Hydrogen Fuel Cell Vehicles
Hydrogen Fuel Cell Vehicles Hydrogen Cars Serious Traction envisaged around 2015 • Air quality may drive early adoption • Commercial fleet early adoption ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 31: Hydrogen Fuel Cell Vehicles
Hydrogen Fuel Cell Vehicles Hydrogen Cars Serious Traction envisaged around 2015 • Air quality may drive early adoption • Commercial fleet early adoption ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 32: Hydrogen Refuelling: HPRU – 2009
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 33: Hydrogen Refuelling: HFuel – 2010
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 ITMITM POWER | Investor POWER Presentation, | From inte
Slide 34: Second Major Corporate Objective: Commercial Launch
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 ……. ITMITM POWER | Investor POWER Presentation, | Fro
Slide 35: Home Refuelling
Home Refuelling ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 36: HPac, HFill, HFuel – 2011
Hydrogen Refuelling HPac, HFill, HFuel – 2011 An integrated product range from home refuelling to mobile infrastructure units ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 37: Hydrogen Refuelling: HFill – 2011
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 ITMITM POWER | Investor POWER Presentation
Slide 38: Hydrogen Refuelling: HFill – 2011
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 ITMITM POWER | Investor POWER Presentation
Slide 39: ITM Domestic Hydrogen Proposition
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a201
Slide 40: Company Positioning
Company Positioning ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel
Slide 41: Summary
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 ITMITM POWER | Investor POWER Presentation, | From intermittent June power to a2010 transport fuel