WOW Energy, Inc BUSINESS MODEL BUSINESS MODEL 1. Develop - - PowerPoint PPT Presentation

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WOW Energy, Inc BUSINESS MODEL BUSINESS MODEL 1. Develop - - PowerPoint PPT Presentation

Sep 20, 2022 304 likes •574 views

WASTE HEAT-TO-POWER WORKSHOP WASTE HEAT TO POWER WORKSHOP September 25-26, 2007 WOWGen TM / WOWClean TM Waste Heat Recovery Power Plants Daniel Stinger Daniel Stinger Mario Romero Mario Romero Chairman President Wow Energy, Inc gy, Texas

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SLIDE 1

WASTE HEAT TO POWER WORKSHOP WASTE HEAT-TO-POWER WORKSHOP

September 25-26, 2007

WOWGenTM / WOWCleanTM

Waste Heat Recovery Power Plants Daniel Stinger Mario Romero Wow Energy, Inc Daniel Stinger

Chairman

Mario Romero

President

gy,

Texas Energy Center 1650 Hwy 6, Suite 300 Sugar Land, TX 77478 Tele: 281-340-6726 www wowenergies com www.wowenergies.com email: dstinger@wowenergies.com “MEETING THE WORLDS ENERGY & ENVIRONMENTAL CHALLENGES”

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SLIDE 2

WOW Energy, Inc

BUSINESS MODEL BUSINESS MODEL

1. Develop technology to convert waste heat to electrical power

  • Technology did not exist to efficiently convert waste heat to

power in the 300 F to 800 F temperature range

  • WOWGenTM combined cycle turbo-expander system – 2 patents

issued to date issued to date

  • Single stage turbo-expanders for low temperature heat

2. Develop efficient Renewable Energy power plants

  • Solar power plants

WOWGenTM

  • Solar power plants - WOWGenTM
  • Solar & Geothermal Energy (SAGE) - WOWGenTM
  • Biomass power plants - WOWGenTM

3

D l lti ll t t t l t h l t ll t t

3.

Develop multi-pollutant control technology to remove pollutants from flue gases

  • WOWCleanTM

2

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 3

WOWGenTM Cascading Closed Loop Cycle - CCLC

  • Combined cycle “dual” turbo-expander system

Off th h lf t

  • Off-the-shelf-components
  • Converts heat from the combustion of any fuel
  • Converts waste heat to power

C t bl t

3

“Meeting the World’s Energy & Environmental Challenges”

  • Converts renewable energy to power
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SLIDE 4

WOWCleanTM Features

95% NOx & SOx (tested 100% removal) 95% NOx & SOx (tested 100% removal) 85% Mercury 90% Vaporized heavy metals 90% Vaporized heavy metals 99.5% Particulate removal 25% CO2 (tested 85% removal)

4

“Meeting the World’s Energy & Environmental Challenges”

2 (

)

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SLIDE 5

WOWGenTM HEAT RECOVERY SYSTEM

Flue Gas Heat Exchanger (EX101) Heat Exchanger (EX102 & 103)

Dual Turbo-Expander

5

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 6

WOWGenTM SINGLE & COMBINED CYCLE TURBO-EXPANDER GENERATOR SKID

6

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 7

WOWGenTM Generates Electricity From Any Heat Source

7

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 8

WASTE HEAT SOURCES

Petrochemical Plant Cement Plant Coal Fired Power Plant Furnace Refinery

8

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 9

WOWGenTM Generates Electricity From Any Heat Source

Typical Industries Generating Waste Heat

  • Power and Utility Industries
  • Heavy Industries: Steel Aluminum Copper Cement Pulp & Paper Glass Soda Ash
  • Heavy Industries: Steel, Aluminum, Copper, Cement, Pulp & Paper, Glass, Soda Ash

and Waste Recycle

  • Refinery, Petrochemical and Gasification plants
  • Chlor-Alkali & Vinyl plants

I i t W t t E

  • Incinerators, Waste to Energy

Typical Waste Heat Sources

  • Fired boilers, gasifiers, heaters/furnaces (gas, diesel, coal, nuclear, refuse, pet coke)
  • Gas turbine exhaust - continuous, standby, peaking, combined cycle units

Gas turbine exhaust continuous, standby, peaking, combined cycle units

  • Steam turbine exhaust: and vented steam
  • Internal Combustion (IC) engine exhaust

Renewable Energy Heat Sources

  • Solar energy
  • Geothermal steam
  • Biomass combustion
  • Syngases

9

“Meeting the World’s Energy & Environmental Challenges”

y g

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SLIDE 10

ELECTRI CAL POWER GENERATI ON POTENTI AL FROM WASTE HEAT RECOVERY Ref; EI A 2007 Annual Energy Outlook 36 GW 156 GW

Waste Heat Recovery Potential = 192 GW Industrial Waste Heat Potential = 156 GW

10

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 11

ELECTRI CAL POWER GENERATI ON POTENTI AL FROM WASTE HEAT RECOVERY Ref: EI A 2007 Annual Energy Outlook

GW

GW W t H t R WOWGenTM GW GW

11

“Meeting the World’s Energy & Environmental Challenges” Waste Heat Recovery

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SLIDE 12

POWER PLANT COST COMPARISON

WOWGenTM Capital Investment is Competitive

8,000

FUEL CELL

POWER PLANT COST COMPARISON

TREND LINE

4000

SOLAR POWER

W

STERLING ENGINE

2000

HYDRO POWER WIND TURBINE MICRO-TURBINE

ST - $ / KW

CHP & ORC CFB COAL FIRED BOILERS GEOTHERMAL CCLC FLUE GAS HEAT SOURCE

1000 COS

CHP & ORC HEAT SOURCE GAS TURBINES

500

COMBINED CYCLE CCLC FLUID/ STEAM HEAT SOURCE

12

“Meeting the World’s Energy & Environmental Challenges”

1.0 10 5.0 50 100 500

POWER PLANT CAPACITY - MW

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SLIDE 13

RENEWABLE / REUSABLE ENERGY

TYPE ENERGY SOURCE AVAILABILITY CONVERSION EFFICIENCY GENERATES EMISSIONS CAPITAL COST PER KW CAPITAL COST ADJUSTED FOR AVAILABILITY TAX CREDITS RENEWABLE ENERGY: SOLAR (CSP) (1) 25% 25% to 35% NO $3,000 to $6,000 $12,000 to $24,000 YES WIND (1) 25% 25% to 35% NO $1,500 to $2,500 $6,000 to $10,000 YES GEOTHERMAL 100% 5% to 15% NO $2,000 to $3,000 $2,000 to $3,000 YES HYDRO (SMALL) 100% 25% to 35% NO $1 500 to $2 500 $1 500 to $2 500 YES HYDRO (SMALL) 100% 25% to 35% NO $1,500 to $2,500 $1,500 to $2,500 YES BIOMASS (2) 100% 25% to 35% YES $1,500 to $2,500 $1,500 to $2,500 YES REUSABLE ENERGY: WASTE HEAT RECOVERY (3) 100% 25% to 35% NO (4) $ 600 to $1,800 $ 600 to $1,800 NO (1) Limited geographically (1) Limited geographically (2) Dependant on fuel source (3) Dependant on heat source & power plant size (4) Can reduce existing emissions

WHY NOT CLASSIFY “REUSABLE ENERGY” AS “RENEWABLE ENERGY”?

13

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 14

Potential Tax Credits, Emission Credits &Incentives

$200/KW Production Tax Credit

  • Max size = 2,000 kw WOWGenTM power plant ($400,000/plant)
  • Reduces income tax by $80,000/yr for 5 years
  • Must be installed by 12/31/07

NOx/SOx/Particulate Emission Credits/Offsets Provides Ability to Meet CO2 Commitments

  • Generate power with zero Greenhouse Gases
  • Generate power with zero emissions

Power Generated Applies to Renewable Portfolio Standards (RPS)

  • Percentage of utility output must come from renewable energy or utility

f f t /k h pays fee of cents/kw-hr

  • States can qualify waste heat recovery as applicable

Renewable Energy Credits

  • Applies to biomass fuel
  • Applies to biomass fuel
  • $0.9 to 1.9 cents/kw-hr (open vs closed loop)

SOx, Hg and Heavy Metals Removal Allows Burning Lower Cost High Sulfur/High Heavy Metals Coal and/or Petcoke

14

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 15

WOWGenTM Net Output vs Flue Gas Temperature & Flow

SCFM

200,000 150,000 100 000 50,000 100,000

15

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 16

WOWGenTM Net Annual Power Savings - Millions

KW

20,000 10,000 5,000 3 000 3,000 1,000

16

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 17

WOWGenTM Simple Payback Period - Years

4

Cents/ Kw-Hr

8 7 6 5 9 8

17

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 18

WOWGenTM and WOWCleanTM are a Reality

  • MSW Waste to Energy Gasification Project

– 8 MW Power Generation – Off electrical grid power plant – Divert 250 tons/day MSW from landfill

  • Waste Heat to Power Funded Projects
  • Waste Heat to Power Funded Projects

– Lime plant 4 MW – Pulp/paper plant 3 MW Gas plant 15 MW – Gas plant 15 MW – Steel plant(s) 9 MW/13MW – Diesel engine, Heavy FuelOil 22 MW

P j d id i

  • Projects under consideration

– Glass, Mining, Lime, Cement, Steel, Biomass, Solar, Reciprocating Engines, Gas Pipeline, Landfill Gas, Geothermal

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“Meeting the World’s Energy & Environmental Challenges”

Geothermal

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SLIDE 19

Project: Steel Reheat Furnace

  • Project Description
  • Capture heat from the discharge of reheat furnace and convert to

Capture heat from the discharge of reheat furnace and convert to electrical power – Flue Gas Temp = 900 F – Flue Gas Flow Rate = 745,000 lb/hr Flue Gas Flow Rate 745,000 lb/hr – WOWGenTM Output = 12.9 MW

  • Project Investment and Returns

l ll d C $ 18 illi

  • Total Installed Cost

= $ 18 Million

  • Avoided cost of power

= $ 0.095/kwh

  • After Tax IRR

= >20% (unleveraged) To 80% Equity Partner

19

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 20

Project: Autoclave

  • Project Description
  • Capture heat from the discharge of the autoclave scrubber system

Capture heat from the discharge of the autoclave scrubber system and convert it to electrical power. – Flue Gas Temp = 200 F – Flue Gas Flow Rate = 180,000 lb/hr Flue Gas Flow Rate 180,000 lb/hr – WOWGenTM Output = 8.5 MW

  • Project Investment and Returns

l ll d C $ 16 illi

  • Total Installed Cost

= $ 16.7 Million

  • Avoided cost of power

= $ 5.0 MM @ $ 0.06/kwh

  • Simple Payback

= 3.3 Years

  • After Tax IRR

= 24.6% (unleveraged)

20

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 21

Project: Lime Kiln

  • Project Description
  • Capture heat from the discharge of lime kiln and convert to

p g electrical power. – Flue Gas Temp = 475 F – Flue Gas Flow Rate = 250,000 lbs/hr – WOWGenTM Output = 1.6 MW

  • Project Investment and Returns
  • Total Installed Cost

= $ 4 0 Million

  • Total Installed Cost

= $ 4.0 Million

  • Avoided cost of power

= $0.086 /kwh

  • Simple Payback

= 3.6 Years

  • Aft

T IRR 19% ( l d)

  • After Tax IRR

= 19% (unleveraged)

  • After Tax IRR

= 20% (unleveraged with microturbine tax credits)

21

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 22

Project: Pipeline Compressor Station

  • Project Description
  • Capture heat from the discharge of several gas turbines at

Capture heat from the discharge of several gas turbines at pipeline compressor stations – Flue Gas Temp = 900 F – Flue Gas Flow Rate = 600,000 lb/hr Flue Gas Flow Rate 600,000 lb/hr – WOWGenTM Output = 9 MW

  • Project Investment and Returns

l ll d C $ 16 illi

  • Total Installed Cost

= $ 16.7 Million

  • Avoided cost of power

= $ 0.065/kwh

  • Simple Payback

= 4.5 Years

  • After Tax IRR

= 14% (unleveraged)

22

“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 23

Project: Base Load Diesel Engines

  • Project Description
  • Capture waste heat from 9 base loaded diesel engines

Capture waste heat from 9 base loaded diesel engines – Flue Gas Temp = 750 F – Flue Gas Flow Rate = 2,500,000 lb/hr WOWGenTM Output = 21 MW – WOWGenTM Output = 21 MW

  • Project Investment and Returns
  • Total Installed Cost

= $ 55 Million

  • Avoided cost of power

= $ 0.100/kwh

  • Simple Payback

= 2.5 Years

  • After Tax IRR

= 28% (unleveraged)

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“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 24

WOWGenTM Advantages

  • Efficient Power From Flue Gas, Steam, Hot Water/Fluids
  • Saves Valuable Water Resources
  • High Internal Rates of Return

High Internal Rates of Return

  • Supports Distributed Generation
  • Economical for 1 MW to 25 MW Power Plants
  • Solar Biomass & Geothermal Standalone Power Plants

Solar, Biomass & Geothermal Standalone Power Plants

  • Power Generated with Zero Emissions
  • Combined Cycle Diesel Engine Power Plants
  • Renewable Energy Credits
  • Renewable Energy Credits
  • Each MW of Power Generation (compared to coal fired plant)

Eliminates

  • 21 Tons NOx
  • 21 Tons NOx
  • 59 Tons SOx
  • 8615 Tons of CO2

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“Meeting the World’s Energy & Environmental Challenges”

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SLIDE 25

WOWCleanTM Advantages

  • Integrated Multi-Pollutant Reduction System

95% NOx & SOx (tested 100% removal) 85% Mercury 90% Vaporized heavy metals 99.5% Particulate removal 25% CO2 (tested 85% removal)

  • Low Temperature “end-of-the-line” System
  • Standalone or Integrated with WOWGenTM
  • Zero Emission Power Plants
  • Provides Emission Credits

25

“Meeting the World’s Energy & Environmental Challenges”