Itm Power Plc · LSE:ITM
Itm Power — Business Council for Sustainable Development presentation (June 2010)
30 slides from Itm Power's conference presentation, June 2010
Slide 1: ITM Power plc
ITM Power plc Presentation to Business Council for Sustainable Development Dr Graham Cooley, CEO ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 2: Contents
ITM Power plc Presentation to British Council for Sustainable Development Dr Graham Cooley, CEO Contents Introduction Industry snapshot Storing renewable energy Sector export Hydrogen refuelling Summary ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 3: Company Positioning
Company Positioning ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 4: Company Positioning: A new low carbon power system
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 5: Industry Snapshot
Industry Snapshot ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 6: 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, | Presentation June 2010 to BCSD
Slide 7: 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, | Presentation June 2010 to BCSD
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! Data from National Grid ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 9: 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 Half Hourly Prices on 24/03/09 • Day night arbitrage! Source: BMRS website 160 140 120 100 80 £/MWhr 60 40 20 0 1 3 5 7 9 11 13 15 17 19 21 23 25
Slide 10: 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, | Presentation June 2010 to BCSD
Slide 11: 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, | Presentation June 2010 to BCS
Slide 12: 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, | Presentation June 2010 to BCSD
Slide 13: Storing Renewable Energy
Storing Renewable Energy ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 14: 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 15: 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, | Presentation June 2010 to BCSD
Slide 16: 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, | Presentation June 2010 to BCSD
Slide 17: Sector Export
Sector Export ITMITM POWER | Investor POWER Presentation, | Presentation June to to BCSD From intermittent power 2010 a 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, | Presentatio
Slide 19: Power Sector Export
Power Sector Export ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 20: Hydrogen Refuelling
Hydrogen Refuelling Infrastructure Products ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 21: 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, | Presentation June 2010 to BCSD
Slide 22: 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 2010 2011 2012 2013 2014 2015 2018 2020 Ramp up Purpose design FC hybrid vehicles Trials, conversion design cars and niche vehicles 10,000/yr per
Slide 23: Hydrogen Refuelling: HPRU
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, | Presentation June 2010 to BCSD
Slide 24: Hydrogen Refuelling: HFuel
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, | Presentat
Slide 25: 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, | Pre
Slide 26: Power Sector Export
Power Sector Export ITMITM POWER | Investor POWER Presentation, | Presentation June 2010 to BCSD
Slide 27: Hydrogen Refuelling: HFill
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 28: 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, | Presentation June 2010 to BCSD
Slide 29: 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 30: 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, | Presentation June 2010 to BCSD
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