global renewable energy engines presentation at llnl

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September, 2014

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Six startups born out of Lawrence Livermore National Laboratory technologies made presentations at a recent entrepreneurial event to attract investors. The companies -- which have licensed technologies in biotech, renewable energy, sensors, infrared imaging and health care -- showcased their capabilities at the Entrepreneurs-in-Readiness (EIR) event at the Livermore Valley Open Campus' High Performance Computing Innovation Center. The event was part of an EIR program developed by the Lab's Industrial Partnerships Office (IPO) to connect nascent companies with entrepreneurs and investors. The idea is to engage a diverse group of entrepreneurs and industry experts from Silicon Valley to help nurture promising new early stage Lab technology companies toward commercialization. ipo.llnl.gov

TRANSCRIPT

Page 1: Global Renewable Energy ENgines presentation at LLNL

September, 2014

Page 2: Global Renewable Energy ENgines presentation at LLNL

An alternate energy company dedicated to providing affordable, flexible, and reliable distributed combined heat and power (CHP) systems for on-site installations

Page 3: Global Renewable Energy ENgines presentation at LLNL

An alternate energy company dedicated to providing affordable, flexible, and reliable distributed combined heat and power (CHP) systems for on-site installations

Our thermal energy system combines several key emerging energy technologies and trends

◦ Distributed CHP

◦ Energy storage

◦ Solar collection

◦ Cheap and abundant natural gas

Page 4: Global Renewable Energy ENgines presentation at LLNL

37%

30%

19%

1% 1%

1%

0%

0%

7% 4%

0%

2012 US Electricity Mix Coal

Natural Gas

Nuclear

Wood

Petroleum

Biomass

Geothermal

Miscellaneous

Hydro

Wind

Solar

Energy is the largest sector of the world economy. 88% of our electricity comes from heat engines.

Page 5: Global Renewable Energy ENgines presentation at LLNL

Waste Heat Loss (45%)

Transmission Loss (6%)

Overall, about 50% of the energy is wasted

Page 6: Global Renewable Energy ENgines presentation at LLNL
Page 7: Global Renewable Energy ENgines presentation at LLNL

Input: Heat from combusted fuels, sun, nuclear fission, etc.

Output 1: Useful work (movement or electricity production).

Output 2: Waste heat (heat input not converted to electricity).

Page 8: Global Renewable Energy ENgines presentation at LLNL
Page 9: Global Renewable Energy ENgines presentation at LLNL

Traditional systems vs. Our innovative approach

•No Rocker arm •No Oil Anywhere •No Pushrod •No Tappet •No Cam •No Camshaft •No Camshaft sprocket •No Drive chain •No Wrist Pin •No Crankshaft sprocket •No Wrist

•Economic value design •Highly efficient with low quality thermal energy •Smaller engine size – 5-50kW •Issued patents under license

•Valve Timing Adjusts Dynamically •Higher Speed Operation vs. Traditional Camshaft Valve Systems •Higher Efficiency Operation vs. Traditional Camshaft Valve Systems

Enabling Details Available Only Under NDA

Page 10: Global Renewable Energy ENgines presentation at LLNL

Our innovative approach

•Economic value design •Highly efficient with low quality thermal energy •Smaller engine size – 5-50kW •Issued patents, under (pending) license

Page 11: Global Renewable Energy ENgines presentation at LLNL

Very economical and affordable

Flexible and scalable

Designed for on-site installations

Issued patents

Simple to manufacture and install

Provides energy storage capabilities

Page 12: Global Renewable Energy ENgines presentation at LLNL

Built two prototypes in the 0.5-5 kW range.

Currently building a multi-cylinder, commercial scale prototype that can run off of steam or pressurized hot water.

Run the prototype radial engine in test mode to demonstrate efficient & safe operation.

Once finished, incorporate the multi-cylinder prototype into a commercial installation.

Page 13: Global Renewable Energy ENgines presentation at LLNL

GREEN will provide the GyroSolé™ engine, generator, water treatment, system controls and associated plumbing and electrical connections, as the key components of a turnkey CHP system.

“GREEN Inside”

The GyroSolé™ can utilize thermal energy from a range of sources, including the building’s hot water system. Plug & play.

Page 14: Global Renewable Energy ENgines presentation at LLNL

Install 3-6 systems in a variety of businesses, including hotels, laundromats, office buildings and health clubs, to showcase our technology.

Seek agreements and affiliations with large hydronic heating equipment vendors, boiler manufacturers and service companies.

Develop distribution and assembly

network.

Page 15: Global Renewable Energy ENgines presentation at LLNL

Commercial buildings with large usage or demand for hot water Building owners who want low risk, low upfront capital method of reducing utility bills, and make building more sustainable

Total addressable market is hundreds of thousands of potential customers, including small commercial buildings

Ancillary markets will add additional potential

Page 16: Global Renewable Energy ENgines presentation at LLNL

Commercial buildings with large usage or demand for hot water

Page 17: Global Renewable Energy ENgines presentation at LLNL

Solar PV Micro-turbines

Page 18: Global Renewable Energy ENgines presentation at LLNL

GREEN’s systems can be sold as turnkey units or financed

Excellent financial benefits to users, current ROM feasibility analysis indicate payback periods of 5 years and >15% ROI to the end user

Licensing agreements will be sought opportunistically, to accelerate market penetration

Page 19: Global Renewable Energy ENgines presentation at LLNL

PRO FORMA

FINANCIAL

PROJECTION

($000's) Year 1 Year 2 Year 3 Year 4 Year 5 CUMULATIVE

Revenues $50 $1,500 $9,000 $25,000 $62,500 $98,050

Operating Income $(206) $(1,558) $509 $4,677 $15,962 $19,384

Unit Sales 0 60 360 1,000 2,500 3,920

Page 20: Global Renewable Energy ENgines presentation at LLNL

$250,000 of common equity, for 19% ownership. (Additional funding provided from in-kind contributions, sweat equity.)

Proceeds used to complete preliminary design, prototype assembly and installations.

Detailed terms and conditions available upon request.

Page 21: Global Renewable Energy ENgines presentation at LLNL
Page 22: Global Renewable Energy ENgines presentation at LLNL