global renewable energy engines presentation at llnl
DESCRIPTION
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.govTRANSCRIPT
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September, 2014
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An alternate energy company dedicated to providing affordable, flexible, and reliable distributed combined heat and power (CHP) systems for on-site installations
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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
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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.
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Waste Heat Loss (45%)
Transmission Loss (6%)
Overall, about 50% of the energy is wasted
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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).
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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
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Our innovative approach
•Economic value design •Highly efficient with low quality thermal energy •Smaller engine size – 5-50kW •Issued patents, under (pending) license
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Very economical and affordable
Flexible and scalable
Designed for on-site installations
Issued patents
Simple to manufacture and install
Provides energy storage capabilities
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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.
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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.
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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.
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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
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Commercial buildings with large usage or demand for hot water
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Solar PV Micro-turbines
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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
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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
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$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.
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