Itm Power Plc · LSE:ITM
Itm Power — Corporate Update (February 2017)
30 slides from Itm Power's corporate update, February 2017
Slide 1: Company Update February 2017
COMPANY UPDATE FEBRUARY 2017
Slide 2: Contract Pipeline and Presentation Contents
COMPANY UPDATE Contract Pipeline FEBRUARY 2017 24m 22m 20m 18m Presentation Contents: 16m 14m • Funding Round Rationale 12m • Company Snapshot and Deal Flow 10m • Introduction 8m • Products 6m • Power-to-Gas Projects 4m • Clean Fuel Projects 2m 0m £16.98m under contract | £1.37m in negotiation | £18
Slide 3: Achievements in Calendar Year 2016
ACHIEVEMENTS IN CALENDAR YEAR 2016 HYDROGEN ENERGY SYSTEMS
Slide 4: Transitioning from Grants to Sales
TRANSITIONING FROM GRANTS TO SALES • Only major transactions included (above £0.5M) • 2014: First major transactions • 2015: Dominated by grant income • 2016: Transitioning from grant income to sales revenue MAJOR TRANSACTIONS HYDROGEN ENERGY SYSTEMS
Slide 5: Power-to-Gas Energy Storage
POWER-TO-GAS ENERGY STORAGE Stock image
Slide 6: Rapid Response Electrolyser
RAPID RESPONSE ELECTROLYSER Available in 1MW modules | responds in 1sec | self pressurises to 80bar Wind Power Energy Storage ITM Electrolyser — i — aaa Clean Fuel RAPID RESPONSE HYDROGEN ENERGY SYSTEMS = (¢') ITM POWER Energy Storage | Clean Fuel
Slide 7: Why Power-to-Gas?
WHY POWER-TO-GAS? Electricity cannot be stored easily | Hydrogen can be stored easily in the gas grid Source: ITM Power plc POWER-TO-GAS RATIONALE HYDROGEN ENERGY SYSTEMS
Slide 8: Current Hydrogen Limits for Gas Grid Injection
Current Hydrogen Limits for Gas Grid Injection Covered by a range of local laws and directives Canada Italy Switzerland Sweden Spain Austria UK France NZ Czech Republic Germany Belgium USA 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% Volume | Molar % POWER TO GAS ENERGY STORAGE ENERGY STORAGE | CLEAN F
Slide 9: Electrify Heat?
ELECTRIFY HEAT? ENERGY STORAGE | CLEAN FUEL
Slide 10: Energy Storage Technologies
ENERGY STORAGE TECHNOLOGIES Power-to-gas is efficient | long term | low energy cost Source: ITM Power plc ENERGY STORAGE TECHNOLOGIES ENERGY STORAGE | CLEAN FUEL
Slide 11: 32MWh Battery | P2G Cost Comparison
32MWH BATTERY | P2G COST COMPARISON Lithium Ion System (6,300 sqft) • Project will cost $53.5m • 8MW with 4hr duration | 32MWh • $6.7m/MW | $1.67m/MWh Power-to-Gas System (3,530 sqft) • Project will cost $21.6m • 8MW with 4hr duration | 32MWh • $2.7m/MW | $0.67m/MWh • 8MW with 12hr duration | 192MWh
Slide 12: P2G Products
P2G PRODUCTS (¢) ITM POWER Energy Storage | Clean Fuel Company image
Slide 13: Market Offering
MARKET OFFERING Rapid Response | High Pressure | High Efficiency | MW scale • Rapid response: less than 1s; for primary grid balancing • High pressure: up to 80bar; for direct injection • High efficiency: 77% measured by Thuga Group; 86% measured by RWE (with heat recovery) • MW scale: 1MW modules a
Slide 14: Market Offering
MARKET OFFERING Rapid Response | High Pressure | High Efficiency | MW scale • Rapid response: less than 1s • High pressure: up to 80bar • High efficiency: 75% measured • MW scale: 1MW modules • Compliant: EU and USA New low cost, high performance stack technology |856 kg/day | 2.2MW CAD image of act
Slide 15: Standard Products
STANDARD PRODUCTS 250kg/day 693kW 83kg/day 245kW 1,340kg/day 536kg/day 3.62MW 1.46MW CAD images of actual product MARKET OFFERING ENERGY STORAGE | CLEAN FUEL
Slide 16: 100MW Design
100MW DESIGN 1MW to 10MW • Bus refuelling stations • Small P2G demonstrations 10MW to 60MW • Large transport schemes • Power-to-Gas installations • Chemicals Industry 60MW to 100MW • Power-to-Gas installations • Chemicals Industry • Refineries The Tehachapi Energy Storage Project features 604,832 li
Slide 17: 100MW Design | Complete Turn Key Solution
100MW DESIGN | COMPLETE TURN KEY SOLUTION Modular Design | Thermal Integration | Heat Recovery • Avoids compounding container costs | Enables two storey construction • Modular approach | wide capacity offering | Pathway to large scale without technology risk • Qualified for grid balancing in UK and
Slide 18: Clean Fuel
CLEAN FUEL ~., (e ) ITM POWER Energy Storage | Clean Fuel
Slide 19: What Is a Fuel Cell Vehicle?
WHAT IS A FUEL CELL VEHICLE? An EV drive train that’s refuelled rather than recharged • Refuel in 3 mins • Range 300-420 miles • Managed energy export FUEL CELL VEHICLES VEHICLES | ROLL OUT
Slide 20: Fuel Cell Car Rollout
H2 H2 H2 H2 H2 H2 H2 H2 Company Diagram FUEL CELL CAR ROLLOUT ENERGY STORAGE | CLEAN FUEL
Slide 21: ITM Power HRS Sites
ITM POWER HRS SITES Four FCH JU projects that define UK hydrogen fuel • Build | Own | Operate model • 3 operational HRS by December 2016 • Siting collaboration with Shell • Dispenser collaboration with BOC Linde ITM POWER HRS SITES ENERGY STORAGE | CLEAN FUEL
Slide 22: HyFive | London
HYFIVE | LONDON FCH JU Project number: 621219 • NPL Teddington London Opened May 2016 • CEME Rainham London Opened Oct 2016 • Cobham M25 Shell forecourt Opening Feb 2017 CEME Rainham A13 Cobham M25 NPL Teddington Company images HYFIVE | LONDON ENERGY STORAGE | CLEAN FUEL
Slide 23: H2ME | UK
H2ME | UK FCH JU Project number: 671438 • Beaconsfield M40 Shell Forecourt Opening Q2 2017 • Gatwick M23 Shell Forecourt Opening Q2 2017 • Forecourt integration with dispenser under the main canopy Beaconsfield M40 H2ME | UK ENERGY STORAGE | CLEAN FUEL
Slide 24: H2ME2 | UK
H2ME2 | UK FCH JU Project number: 700350 • H2ME2 1 Swindon Q4 2017 • H2ME2 2 Birmingham Q4 2017 • H2ME2 3 TBC Q2 2018 Tyseley Energy Park Birmingham Johnson Matthey Swindon TBC H2ME2 | UK ENERGY STORAGE | CLEAN FUEL
Slide 25: BIG HIT | Orkney
BIG HIT | ORKNEY FCH JU Project number: 700092 Eday: Curtailed wind and tidal turbines • 0.5 MW of electrolysis | 500kg storage • Heating of school Shapinsay: Curtailed wind • 1MW of electrolysis • Heating of school Orkney Mainland: • 75 kW FC: heat and power to marina • H2 refuelling station | 10x
Slide 26: ITM Power | Fuel Contracts
ITM POWER | FUEL CONTRACTS UK stations | £10/kg | dispensing 1tonne/day by the end of 2018 ITM POWER | FUEL CONTRACTS ENERGY STORAGE | CLEAN FUEL
Slide 27: Fuel Cell Buses
FUEL CELL BUSES 34 Company images
Slide 28: Hydrogen Buses
HYDROGEN BUSES An EV drive train that’s refuelled rather than recharged • Refuel of 40kg in 6 mins • Range 200 miles • Managed energy export HYDROGEN BUSES VEHICLES | ROLL OUT
Slide 29: NewBusFuel Study
NEWBUSFUEL STUDY ENERGY STORAGE | CLEAN FUEL
Slide 30: Company Update February | London
COMPANY UPDATE FEBRUARY | LONDON