Floating Power Plant Floating Power Plant Floating Power Plant Floating Power Plant ----

IntroductionIntroductionIntroductionIntroduction

This is short summary of a confidential

market, financials and risk associated with FPP combined floating wind

Company descriptionCompany descriptionCompany descriptionCompany description

Floating Power Plant is a Danish clean-tech company that

technology integrating wave energy convertors into a floating offshore wind device. The company is entering the

commercialization stage, based on over 8 years of R&D, testing and business development. The company is

156 private shareholders and leading industrial development partners having raised more than 15m

The hybrid device/technology has been developed over the last eight years, from concept to four offshore grid

connected test phases totalling two years of operation with a scaled prototype.

This makes FPP is the only company in the world that has supplied power to the grid from a combined floating wind

Offshore Floating Wind & Wave EnergyOffshore Floating Wind & Wave EnergyOffshore Floating Wind & Wave EnergyOffshore Floating Wind & Wave Energy

confidential more thorough 70-page document discussing the

ciated with FPP combined floating wind and wave device.

tech company that develops designs and provides a unique patented

technology integrating wave energy convertors into a floating offshore wind device. The company is entering the

commercialization stage, based on over 8 years of R&D, testing and business development. The company is

156 private shareholders and leading industrial development partners having raised more than 15m

The hybrid device/technology has been developed over the last eight years, from concept to four offshore grid

ing two years of operation with a scaled prototype.

This makes FPP is the only company in the world that has supplied power to the grid from a combined floating wind

and wave device.

Offshore Floating Wind & Wave EnergyOffshore Floating Wind & Wave EnergyOffshore Floating Wind & Wave EnergyOffshore Floating Wind & Wave Energy

discussing the business model,

device. .

designs and provides a unique patented

technology integrating wave energy convertors into a floating offshore wind device. The company is entering the

commercialization stage, based on over 8 years of R&D, testing and business development. The company is backed by

156 private shareholders and leading industrial development partners having raised more than 15m€ to date.

The hybrid device/technology has been developed over the last eight years, from concept to four offshore grid

This makes FPP is the only company in the world that has supplied power to the grid from a combined floating wind

Market description Market description Market description Market description

The primary market for FPP’s technology is the floa

FPP’s technology can further expand the floating wind market, targeting high wave energy sites

The primary market for FPP’s technology is the floating offshore wind market where water depths exceed 45m

FPP deep water market

FPP’s technology can further expand the floating wind market, targeting high wave energy sites

Market segments analysis

ting offshore wind market where water depths exceed 45m.

FPP deep water market (Source: EWEA)

FPP’s technology can further expand the floating wind market, targeting high wave energy sites

segments analysis (Source: IT power)

Of the available 400GW wind and wave market, FPP’s hybrid technology could be used to supply 1.2GW by 2030 and

20GW or 5% of the market by 2050

� FPP’s combined wind and wave hybrid technology reduces the LCOE of renewable projects and therefore

strategically positions the P80 platform as a market leading option for project developers (such as DP

Energy). As highlighted previously the business model of FPP is to be solely the designer and supplier of the

platforms to project developers or utility companies who have already been awarded the necessary consents

and approvals for the project. The risk for FPP is therefore significantly reduced.

� FPP’s P80 platform and inherent proven technologies is best suited to the overlapping high wind and high

wave areas. Of the approximate 400GW of available offshore wind and wave energy market (see previous

page) FPP’s technology is ideally suited to c.50% of this market. 1

� FPP’s serviceable obtainable market is therefore conservatively estimated at 120 P80 devices (1.2GW) by

2030 and over 2,000 P80 devices by 2050 (over 20 GW). Based on this Management have conservatively

estimated the following approximate deployment profile for the P80:

FPP estimated deployment profile

Technology descriptionTechnology descriptionTechnology descriptionTechnology description

The FPP hybrid technology consists of five key technology elements, four of which are existing solutions from the oil

and gas and offshore wind industries and 1 is a unique FPP solution:

1. a semi-submersible floating platform

2. An offshore wind turbine (5

3. A disconnetable and vaning turret mooring system allowing 360

4. Flexible subsea cables and power expo

5. A unique wave energy and PTO systems placed on a known stable structure (2

The FPP hybrid technology consists of five key technology elements, four of which are existing solutions from the oil

and gas and offshore wind industries and 1 is a unique FPP solution:

submersible floating platform

An offshore wind turbine (5-8 MW)

A disconnetable and vaning turret mooring system allowing 360-degree rotation

Flexible subsea cables and power export system

A unique wave energy and PTO systems placed on a known stable structure (2-3,6 MW in total).

P80 technology highlights (Source: FPP)

The FPP hybrid technology consists of five key technology elements, four of which are existing solutions from the oil

3,6 MW in total).

All patents and IPR are placed with the company.

A commercial platform (called P80 as it is 80-meter-wide) will have a total installed capacity from 7-11,6 MW

depended on available wind and wave resource and chosen wind turbine size.

The ingenious design combination of a highly efficient wave energy device on a stable structure connected to

disconnectable turret secures that the platform passively vane to face the primary wave direction.

The disconnectable turret mooring allows the device to be completed constructed and commissioned in harbour and

returned to harbour for major maintenance activities, eliminating the extra risk of performing these offshore and

avoiding the use of costly specialist vessels

The platform orientation into the primary wave directly combined with the high wave absorption (50-70% of the wave

energy is absorbed) results in an artificial offshore harbour effect at the aft end of the system, enabling significantly

increased accessibility for routine maintenance and repairs.

P80 platform (Source: FPP)