resolute marine: clean water from ocean waves
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Resolute Marine: Clean Water From Ocean Waves
Olivier CeberioCOO and Co-FounderIMERC Innovation Hub, Ringaskiddy, Co. Cork, [email protected]
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)
Resolute MarineClean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary
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, [email protected]
Our Factory
Santo AntãoCape Verde
Thank You!