resolute marine: clean water from ocean waves

Resolute Marine: Clean Water From Ocean Waves

Olivier CeberioCOO and Co-FounderIMERC Innovation Hub, Ringaskiddy, Co. Cork, Irelandoceberio@resolutemarine.com

Resolute MarineClean Water From Ocean Waves

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• IMERC “Innovator of the Year” (2015)• Winner European Technology Platform for Water (WssTP), SME award (2015)• Winner Overall Maritime Excellence Award (2015)• Winner Excellence in Marine Renewable Energy (2015)• Winner FACCNE Award (2015)

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The water crisis is real and worsening

• 1.1B people lack access to clean water

• 2.5 million people die every year

• Seawater desalination is an inevitable solution

• Energy is the culprit• 40% of them live in coastal

areas with excellent wave energy resources

• Ocean waves are• Free• Clean• Reliable• Predictable

Resolute MarineClean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary

Low-Cost€1/m3 (before RML profits)

Life-SavingWater for

~48,000 People

Affordable€20M total cost6-year payback

ModularEasily

expandable

Wave2OTM: world’s first wave-powered desalination system

CleanNo greenhouse gas emissions

Resolute MarineClean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary

Market: >$10B/Year – Launch market: Cape Verde

Addressable market$B/year

$2B/y$1B/y$0.5B/y$0.2B/y

South Africa- 4 District Municipalities

ECOWAS – Cape Verde

- Commercial pilot

ECOWAS - Senegal- Discussions

underway

Morocco- Discussions

underway

Chile - Discussions

underway

Resolute MarineClean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary

Wave2OTM: 3x less costly than diesel-driven desalination

3.4x

Project finance indicators

(w/o incentives)

CAPEX€20M

OPEX€1.2M/year

€1.7M/year dividend

Project Equity IRR 26%

Minimum DSCR > 2

30% Equity 70% Debt

Resolute MarineClean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary

Wave Energy Converter has undergone several rounds of testing

Scale 1:20 wave tank testing Scale 1:2 wave tank testing

Scale 1:2 ocean testing Scale 1:20 Extreme sea wave tank testing

Scale 1:1 ocean testing

Resolute MarineClean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary

€9M bridge to commercialization by 2018

Q2 2017Integrated test in Ireland

Q4 2017Technical pilot at PLOCAN

Q2 20181st commercial application

in Cape Verde

€9M Series B $1M AfDB (Awarded)

Exit 2020Series B

5.5x – 53% IRR

240,000 people served

27,300t CO2/y(5,200 cars)

7.3 Mm3/yearwater

produced >200 direct jobs created

Resolute MarineClean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary

An experienced senior management team

Bill Staby, Co-Founder and CEO• Entrepreneur (4th startup)• Investment Bank

Olivier Ceberio, Co-Founder and COO• International Development• Product development

Dr. Dick K.P Yue, MIT• Professor of Mechanical and Ocean Engineering at MIT• 200+ papers and a two-volume textbook

Nikolay Voutchkov, RO Desalination• Internationally recognized expert in RO desalination

Allan Chertok, Electrical Engineer• 40+ years of experience in electrical & control systems design

Bill Harvey, Desalination Engineer• 20+ year in water industry

Dr. Matt Folley, Hydrokinetic Engineer• 20+ years experience in wave energy converter development

Dr. Art Williams, IP• Registered patent agent, 30+ years

Resolute MarineClean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary 10

ContactOlivier CeberioCOO and Co-FounderIMERC Innovation Hub, Ringaskiddy, Co. Cork, Irelandoceberio@resolutemarine.com

Our Factory

Santo AntãoCape Verde

Thank You!