S TAR VI UNDERVATTENSDRAKEN TILL MARKNADEN 2016-05-20 Charlotta - - PowerPoint PPT Presentation

SÅ TAR VI UNDERVATTENSDRAKEN TILL MARKNADEN

2016-05-20 Charlotta Ekman COO

The Deep Green Tidal Power Plant

2

Deep Green – How it works

3 Illustration of Deep Green in action 75% of tidal current energy is in the upper 50%

• f the water column

A tether attaches the turbine to the seabed and delivers electricity to the grid The figure-of-8 flight path is controlled by a rudder attached to the plant

Wing Span 12 Meters Rotor Diameter 1m Tether Length 65m or more Rated Power 500kw @ 1.6m/s Desired Velocity 1,4 m/s or more Installation Depth 50 m or more Devices/km2 18-26 Weight 7 tons

Specifications

Deep Green – competitive advantages

4

• Unlocks new tidal market

Only known technology that operates cost-efficiently using low velocity tidal streams (1.2-2.4 m/s)

• High efficiency

Kite motion accelerates water flow through the turbine, significantly increasing energy production

• Small size and weight

Each unit weighs 7 tonnes, 10-25 times less per MW than competing technologies

• Low-cost offshore operations

Able to use smaller and cheaper vessels for O&M and installation than competing technologies

• Utilisationof ocean currents

Minesto Competition

Co Cost of Energy

Minesto Competition

Ca Capital Co Cost

Minesto Competition

We Weight

Minesto Group

5

• Dedicated staff and offices in Gothenburg, Northern Ireland & in Wales
• Patented tidal power plant – Deep Green
• Unique in its ability to cost effectively produce electricity from low flow currents
• Unique access to global tidal stream and ocean current resources
• Market driven development – Global traction
• Listed on First North NASDAQ since 2015

Who we work with

Commercialisation roadmap

QuappenKite2006

• Prototype tests
• Prove principal

SeaKiteI 2009

• Tank tests at SSPA and tests at

Marine, Netherlands

• Proved electricity production

SeaKiteII 2011

• 1:10 scale ocean trials
• Marine, Netherlands
• Consistent power production
• Environmental impact assessed

Deep Green Ocean 2013-2019

• 1:4 scale ocean tests in Strangford Lough
• Power performance proven to 69%. 100% by November 2014
• Use of components from proven manufacturers (DSM, LIROS)
• R&D Platform

Survivability analysis

• FMEA and HAZOP testing
• SIMLOX used to simulate O&M

Deep Green 500 2017

• 1:1 scale installation

Deep Green Array 2018-2019

• 1:1 scale
• Integrate in infrastructure

Northern Ireland: ¼ scale demonstration

7

2 June 2016

2015 – Year of the Dragon

€5m €13m €15.5m €5m

2 June 2016

2015 – Year of the Dragon

€5m €13m €15.5m €5m

à Launch of full scale project à Initiate next planning stage

Wales: Holyhead Deep 10MW in 2019

10MW Deep Green array

Offshore

• perations

Subsea cables On-shore service and maintenance Grid connection

• Florida Current: 27GW (54.000 units)
• AustralianCurrent: 18GW (36.000 units)
• Kuroshio Current Japan: 8GW (16.000 units)
• Kuroshio Current Taiwan: 19GW (38.000 units)

Minesto’s products have a global market potential to generate electricity for £135 billion-pa in annual yield.

Global Market

Ti Tidal Current Market Oc Ocean Current Market

“The Deep Green technology is able to

• perate economically

at sites where no other renowned technology has been identified”

Minesto’s ability to produce cost-efficient electricity at low velocity sites significantly expands the market potential, the market is valued to €250 250 bi billion n in annual electricity sales

Cost of Energy Modelling

El Electricity production Rated power: 0.5MW Power performance: 1,69 GWh/yr Capacity factor: 38,5% Cable efficiency: 94% Availability: 98%* Pr Project ct speci cifica cation Rated power: 30MW No of power plants: 60 No of spare units: 3 Location: UK Project life: 20 yrs Construction time: 2 yrs Fi Financial Electricity support: €180/ MWh for 15 yrs (CfD) Post support electricity payment: €90/MWh Discount rate: 8%/12%/15% Inflation: 2%

In Input data CA CAPEX Ca CapEx Co Cost of Energy & & In Invest stment Gr Graph for Fu Future Pr Projects

Quotes & Industry Experience Quotes & Industry Experience

*Post certification

5% 15% 9% 5% 9% 16% 9% 1% 31% 0% Pre project development Wing and nacelle structure Tether Anchoring point Foundation, Power transmission device Power transmission to shore Control system Deployment Decomissioning

OP OPEX

Op OpEx

59% 17% 15% 2% 7% Project Costs Kite: Routine O&M Kite: Non-Routine O&M Cable: Routine O&M Cable: Non-Routine O&M

Quotes & Industry Experience

Cost drivers

CapEx

1

OpEx

2

Cost drivers

CapEx

1

OpEx

2

• Small vessel decreases cost
• Smaller devices enhance

the mobilization and service speed

• Most service conducted on

land

Material needed to produce 500Kw @1.5m/s

Minesto Other

• 14

14 tonnes/MW vs vs 300 300 tonnes/MW

• Ac

Accelerated learning curves

• Si

Simple, low cost transportation

Cost drivers

CapEx

1

OpEx

2

€5.000/day €150.000/day

Accessible

Si Site Accessibility, year around Co Cost efficient O&M

50 100 150 200 250 300 350 400 450 1 10 100 1000 10000 COE €/MWh Cumulative Installed Capacity (MW) Deep Green COE Low/Med/High DR Offshore Wind UK Price 2014 UK Tidal 2035 Open Cycle Gas Turbine Price 2030 Onshore Wind Price 2014 Combined Cycle Gas Turbine Price 2030

Cost of Energy Forecast

Ge Generation (cum. power pl plant nts) 1 1 (4) 4) 7 7 (250) 250) 10 10 (2000) 2000) Project size 20MW 30MW 128MW COE NA €96-128/MWh €56-77/MWh IRR NA 26% 55% NPV NA € 66 252 173 € 223 430 280 Payback time NA 6 years 5 years Product cost € 1 549 297 € 497 095 € 280 137

CONFIDENTIAL 2 June 2016

”Det är väl talat, men låt oss nu odla vår trädgård” Voltaire PART OF THE NEW ENERGY MIX

CONFIDENTIAL 2 June 2016

”Det är väl talat, men låt oss nu odla vår trädgård” Voltaire PART OF THE NEW ENERGY MIX

”Det är väl talat, men låt oss nu

• dla vår

trädgård”

Voltaire

@MinestoAB Minesto Charlotta Ekman COO Charlotta.ekman@minesto.com +46 762 065 080

POWER TO CHANGE THE FUTURE

The end. Thank you!