Spear Overview & Technology Headquartered in Kansas City - - PowerPoint PPT Presentation

Spear Overview & Technology

• Headquartered in Kansas City
• Founded in 2013, legacy dating back to 2005

(as Kokam America and Dow Kokam)

• 32,000 ft2 (2,973 m2) location, expansion available
• AS9100 Certified, Buy American compliant
• R&D cell manufacturing lines

An Experienced Supplier

Q1

First European Trident order

Q2

Signed REV contract

Q3

DNV GL Type Approval

Q4

Commissioned first li-ion PHEV ferry in U.S.

Q1’19

• Commissioning first

BEV ferry in the U.S.

• BV Type Approval
• Executing on >7

MWh of Trident orders

2018 in Review

The Asset of Flexibility

• Versatility of cooling options
• Spear is only vendor that can offer both air- and liquid-cooled high energy

systems with DNV GL approval → maximizes customer value

• Cheaper to add liquid cooling than upsize air-cooled battery
• Two-sided cooling on every module → extends battery life
• Air and liquid-cooled batteries reside in exact same volumetric form factor;

liquid cooled systems still > 100 Wh/kg → 25% lighter and 10% smaller than next closest competitive solution in the industry

• Versatility to optimize to any space
• Spear’s DNV GL type approval covers flexible system configurations, other

vendors only offer one variant

• Front-facing power and communications connections enable optimal battery

arrangement in compartment → minimizes total battery footprint

• Versatility of product offering
• A single product doesn’t meet all applications in commercial marine market
• Ferry battery (energy cell) not the same as a spinning reserve battery (power

cell) → pick the right cell for the application

Arrangement Flexibility

• Flexible string configuration, enabled by forward-facing connections
• Liquid-cooled system

STRING 3 STRING 2 STRING 1

Arrangement Flexibility

• Flexible string configuration, enabled by forward-facing connections
• Air-cooled system

STRING 2 STRING 1

Battery on Board / Containerized Solutions

• Reduced rack depth options possible under common Trident type approval

certificate

• Racks can be built to the ceiling, minimizes total battery footprint inside container

where space is a premium → maximizes embedded energy in same volume! CAN BE

BUILT TO CEILING

2019/2020 Outlook

• More emphasis on the shipping/cruise industry globally
• ECAs/Zero Emissions Zones (Scandinavia)
• IMO strategy to reduce GHG emissions
• Spear’s high energy Trident system (95 Wh/L and 110 Wh/kg) leads the industry!
• Battery tech advancements
• Solid-state
• Li-metal
• Silicon nanowire
• Electrolyte development
• American market is accelerating
• Passenger vessel/tourism market
• Inland waterways
• Gulf of Mexico