Slide 1: Final Results for the Year Ending 30 April 2012
FINAL RESULTS FOR THE YEAR ENDING 30 APRIL 2012
Slide 2: Contents
FINAL RESULTS FOR THE YEAR ENDING 30 APRIL 2012 Contents • Rationale for Funding • Positioning • H2 Roll Out • Clean Fuel Deals: • Boeing | UAV’s • M&S | Materials Handling • EcoIsland | UK Mobility • GLR | EU Mobility • Energy Storage • Final Results Summary
Slide 3: Rationale for the Funding
RATIONALE FOR THE FUNDING Responding to the Strong Balance Sheet Condition for Commercial Tendering • Funding 4 commercial sectors • Being developed from 4 initial reference deals • Boeing | UAV’s • M&S | Materials Handling Trial • EcoIsland | UK Mobility • GHR | EU Mobility • Energy Storage by Gas
Slide 4: Positioning
POSITIONING HYDROGEN ENERGY STORAGE HYDROGEN TRANSPORT FUEL
Slide 5: The Challenge
THE CHALLENGE Electricity cannot be easily stored • Renewable power cannot be scheduled • Balancing supply and demand • Required at small & large scale • Energy storage required for long periods • Represents major barrier to adoption of renewables POSITIONING ENERGY STORAGE | CLEAN FUEL
Slide 6: The Solution
THE SOLUTION Energy storage by DSM hydrogen production • Modular, scalable and rapid response • High conversion efficiency • Ability to accommodate intermittent input • Separates power from energy POSITIONING ENERGY STORAGE | CLEAN FUEL
Slide 7: A Triple Zero Fuel
A TRIPLE ZERO FUEL On-site production of hydrogen from renewables • Zero carbon in its production • Zero carbon in its transportation • Zero carbon emissions when used • Lower cost than petrol at £5/kg POSITIONING ENERGY STORAGE | CLEAN FUEL
Slide 8: HFuel Costs Today
Diesel Equivalent EU 2015 Target £1=€1.25 HFUEL COSTS TODAY ENERGY STORAGE | CLEAN FUEL
Slide 9: H2 Roll Out
H 2 ROLL OUT H 2 MOBILITY: FUEL CELL CARS INFRASTRUCTURE
Slide 10: Fuel Cell Cars: Roll Out Dates
FUEL CELL CARS: ROLL OUT DATES Hyundai ix35 FCEV Daimler F-Cell Honda Clarity Toyota FCV-R 2013 2014 2015 2015 GM Opel HydroGen4 Nissan X-TRAIL FCV VW HyMotion Ford Explorer FC SUV 2015 2015 2015 2015 Audi A2H2 Daihatsu FCHV Mini MPV Mazda 5 Premacy Renault Scenic ZEV H2 2015 2015 2015 2015 FUEL CEL
Slide 11: National H2 Mobility Initiatives
NATIONAL H 2 MOBILITY INITIATIVES The development of a national hydrogen plan • 2009: Led by Germany and South Korea • 2011: Japan and UK intention to follow • 2012: Denmark and France getting going INFRASTRUCTURE ROLL OUT VEHICLES | ROLL OUT
Slide 12: UK H2Mobility
UK H2MOBILITY The development of a national hydrogen plan • To determine the infrastructure investment required • 4 Gas companies • 6 Automotive OEM’s • DECC | BIS | DfT • UK intention to follow Germany INFRASTRUCTURE ROLL OUT ENERGY STORAGE | CLEAN FUEL
Slide 13: Clean Fuel
CLEAN FUEL BOEING MARKS & SPENCER ECOISLAND GERMANY
Slide 14: Clean Fuel Deals
FUEL DEALS Individual Depot Infrastructure Infrastructure Vehicle Refuelling Roll Out Roll Out CLEAN FUEL DEALS ENERGY STORAGE | CLEAN FUEL
Slide 15: Five Commercial Pipelines
FIVE COMMERCIAL PIPELINES UAV: Rapidly expanding civilian UAV market Pipeline: Engaged with 3 of top 5 aerospace companies MHV: Early adoption market for fuel cells and hydrogen Pipeline: Engaged with 6 of the top 10 UK retailers UKH2Mobility: Roll out of hydrogen infrastructure in UK Pipeline: Enga
Slide 16: Boeing
BOEING COMMISSIONED PRODUCT DEVELOPMENT CONTRACT
Slide 17: Boeing Product Development Contract
BOEING PRODUCT DEVELOPMENT CONTRACT Compliance: Packaging | Design | Project • Packaging: Transportable ISO container • Design: ATEX and CE compliant • Project: EN61508 compliant ISO Packaging ATEX | CE Design EN61508 CLEAN FUEL DEALS: BOEING ENERGY STORAGE | CLEAN FUEL
Slide 18: Trends in the UAV Market
TRENDS IN THE UAV MARKET A move towards the civilian market • $5bn existing market CLEAN FUEL DEALS: BOEING ENERGY STORAGE | CLEAN FUEL
Slide 19: UAV Pipeline
UAV PIPELINE In discussion with 3 of the top 5 global aerospace and defence companies Reference Deal In Discussion Targets 2 Other Defence Co.’s Military Applications Member of Boeing Nato Horizon Fuel Civilian Cells Applications UAV PIPELINE ENERGY STORAGE | CLEAN FUEL
Slide 20: Marks & Spencer Materials Handling Trial
MARKS & SPENCER MATERIALS HANDLING TRIAL
Slide 21: M&S Trial
M&S TRIAL M&S Materials Handling Pilot Trial • First trial of its type in the UK • ITM supplied: • 4 Fuel Cells Systems | 3 PPTs | 1 reach truck | HFuel Rapidly growing early adoption market • Walmart | Coca-Cola | FedEx Owner Operator Vehicles Fuel Cells CLEAN FUEL DEALS: M&S ENERGY STORAGE | CLEAN
Slide 22: Infintium Fuel Cell Systems
INFINTIUM FUEL CELL SYSTEMS ITM Power | Exclusive European Distributor • Enables ‘one stop’ offering • New entrant in Europe • Enables deals in the US M&S TRIAL | TECHNOLOGY ENERGY STORAGE | CLEAN FUEL
Slide 23: Materials Handling Pipeline
MATERIALS HANDLING PIPELINE In discussion with 6 of the top 10 retailers in UK Reference In Discussion Targets Deal 6 Tier 1 Logistics Retailers M&S Trial Tier 1 Outsourced Outsourced Distributor Distribution MHV PIPELINE ENERGY STORAGE | CLEAN FUEL
Slide 24: Mobility
MOBILITY EU MOBILITY UK MOBILITY
Slide 25: EcoIsland
ECOISLAND Hydrogen Energy Storage Smart Grid • £2.4m TSB grant (£1.3m direct to ITM) • First installation 100kg/day refueller • Fleet of 20 vehicles • Hydrogen balancing supply and demand Power & Vehicles Control System Intelligence Wireless Vehicles Vehicles CLEAN FUEL DEALS: ECOISLAND ENERGY STORA
Slide 26: German Market
GERMAN MARKET Collaboration with local partner GHR • Wholly owned subsidiary of IMI plc • ISO | CE | TUV SUD | CEP Compliant • German Supply Chain • Hessen support CLEAN FUEL DEALS: GERMANY ENERGY STORAGE | CLEAN FUEL
Slide 27: H2 Mobility: Germany
Hydrogen Infrastructure; Pike Research; Dec 2011 H 2 MOBILITY: GERMANY Entering the German market • Phil Doran appointed MD • TUV SUD expert report • First permit to operate in Germany Passed Passed Ongoing Completed H 2 MOBILITY: GERMANY ENERGY STORAGE | CLEAN FUEL
Slide 28: H2 Mobility Pipeline
H 2 MOBILITY PIPELINE Reference In Discussion Targets Deal Denmark Germany Norway UK Scotland France H 2 MOBILITY PIPELINE ENERGY STORAGE | CLEAN FUEL
Slide 29: Gas Injection
GAS INJECTION ENERGY STORAGE RENEWABLE HEAT
Slide 30: Five Commercial Pipelines
FIVE COMMERCIAL PIPELINES UAV: Rapidly expanding civilian UAV market Pipeline: Engaged with 3 of top 5 aerospace companies MHV: Early adoption market for fuel cells and hydrogen Pipeline: Engaged with 6 of the top 10 UK retailers UKH2Mobility: Roll out of hydrogen infrastructure in UK Pipeline: Enga
Slide 31: Power to Gas Energy Storage
POWER TO GAS ENERGY STORAGE The TSB funded GridGas study • Opportunity analysis • Compliance of gas injection • Rapid response electrolysis • Gas mixing • Location of stranded gas assets in the UK • Potential in Scotland • Website: www.gridgas.co.uk Compliance Stranded Grids Installation Deployment
Slide 32: 1MW Energy Storage Unit
FIVE COMMERCIAL PIPELINES 1MW | 400kg/day Energy Storage Unit 1MW ENERGY STORAGE UNIT ENERGY STORAGE | CLEAN FUEL
Slide 33: Rationale for the Funding
RATIONALE FOR THE FUNDING Responding to the Strong Balance Sheet Condition for Commercial Tendering • Funding 4 commercial sectors • Being developed from 4 initial reference deals • Boeing | UAV’s • M&S | Materials Handling Trial • EcoIsland | UK Mobility • GHR | EU Mobility • Energy Storage by Gas
Slide 34: Final Results: The Year Ended April 2012
FINAL RESULTS THE YEAR ENDED 30 APRIL 2012
Slide 35: Highlights: Clean Fuel
FINAL RESULTS FOR THE YEAR ENDING 30 APRIL 2012 Highlights: Clean Fuel: • Achievement of CE marking and regulatory approval of HFuel for the German market • HFuel cost structure lower than EU hydrogen cost targets for 2015 • UKH2Mobility MoU signed with the UK government • £2.3m of TSB funding for t
Slide 36: Highlights: Energy Storage
FINAL RESULTS FOR THE YEAR ENDING 30 APRIL 2012 Highlights: Energy Storage: • Launched Megawatt Scale energy storage plant • TSB grant to investigate the feasibility of injecting hydrogen into the UK gas grid • Achievement of CE marking for HBox Solar
Slide 37: Highlights: Financials and Corporate
FINAL RESULTS FOR THE YEAR ENDING 30 APRIL 2012 Highlights: Financials and Corporate • First significant revenues of £480,000 (2011: £8,000) • Grant funding of £985,000 recognised in the period (2011: £1,088,000) • New grant project awards of £2,734,000 (2011: £942,000) • A further £1,200,000 of EU
Slide 38: Outlook
FINAL RESULTS FOR THE YEAR ENDING 30 APRIL 2012 Outlook: • Outlook positive with early revenue streams developing • Grant funded projects are developing productive relationships
Slide 39: Final Results
FINAL RESULTS FOR THE YEAR ENDING 30 APRIL 2012