High Altitude Wind Energy for Remote Sites. Contact: Adam Rein, Co-Founder and CFO Phone: +1 (857)

Transcription

1 High Altitude Wind Energy for Remote Sites Contact: Adam Rein, Co-Founder and CFO Phone: +1 (857)

2 Off-grid Energy Challenge $18 billion market for off-grid generator fuel (2010) Diesel Generators Fuel Transport Afghanistan Key Market Segments US Army 6,600 large gensets Industrial 2,700 oil & gas sites, mining Villages island, arctic, post-disaster 25,000 gallons of annual fuel per 100kW Diesel for generator costs up to 10x grid power 2

3 Current Wind Turbine Limitations Wind Farms Wind Resource (80m) Limited sites with strong ground winds Steel towers too expensive or permanent at remote sites 3

4 Team Formed at MIT Leadership Team Ben Glass, Technology Inventor, Altaeros AWT MIT Aero / Astro, S.M. Board of Advisors Prof. Sheila Widnall, Wind & Aero MIT Aero / Astro Institute Professor 18th U.S. Secretary of the Air Force C. Vermillion, PhD Controls Toyota Technical Center Michigan EE PHD Alain Goubau, Operations Air Liquide Harvard JD Adam Rein, Business Dev. Bain & Co MIT MBA / Harvard MPA Julian Nott, Aero Secretary, AIAA Balloon Technical Committee Airship Expert, 81 World Balloon Records Mauricio Quintana, Wind Turbine OEM Former President & CEO, Clipper Windpower Former Director, Corporate Strategy, UTC Scott Fisher, Customers & Policy Director of Policy Coordination, NRG Energy Peter Steenland, FAA & Permitting Counsel, FAA & Environment, Sidley Austin 4

5 Strong High Altitude Winds Wind Power Density Wind Power Maps 5-8x 2,000 ft - High altitude 2.2x 350ft - Tower-mounted 1x 100ft 350ft 1,000ft+ Source: Joby, Archer, Stanford, 2009 Average power density in kw/m 2 Source: NOAA

6 Tethered Aerostat Technology Safe & Reliable Rapid Deployment, FAA regulation applies Builds on proven aerospace technology 6

7 Altaeros Airborne Wind Turbine (AWT) Access strong, high winds Rapid, low cost deployment Passively aligns into wind Shell accelerates wind flow through rotor Automated altitude change to optimize power, docks in poor weather Deploy from container 7

8 Technical Milestones 35-foot Prototype Loring, Maine (2012) Ascended to 350 feet, produced power at altitude, and landed in automated cycle Generate over 2x power from top-selling Southwest turbine when lifted to high altitude Test Video: 8

9 4 Patents Pending Patent 1 (2009) Patent 2&3 (2011) Patent 4 (2012) Future IP Novel Shell and Overall Design Automated controls & docking trailer System integration Lightweight turbine, optimized power production & controls 2011 Technology Validation Winner ConocoPhillips Energy Prize USDA SBIR Phase I grant DOE ARPA-E Innovation Showcase California Energy Commission grant IP protection through shell, trailer & automation innovation 9

10 Off-grid Value Proposition Off-Grid Customer Benefits 100kW AWT - Cost per kwh 100kW Altaeros Wind (Tower) Solar PV Cost/Watt $6-7 $6-12 $6-10 Cap. Factor 50-60% 15-30% 15-20% Install (days) < Payback (no subsidy) 6month- 2 years 4-8 years 4-8 years 3-5x more energy than today s turbine Towerless setup lowers logistics cost 80% $ kWh/yr $ kWh/yr Altaeros Northern Wind $ Diesel Gen Equipment Install O&M / Cost Assumptions: Diesel Fuel - $8 per gallon 20 year project w/ equipment replacement 700kWh/yr Retrofits onto generator to automatically save fuel when wind is blowing Airborne camera and radio adds value Your technology [is] one of the few wind energy developments that can satisfy our need for continuous power generation at minimal size and weight. -- Jon Cristiani, Renewable Energy Team Leader, U.S. Army CERDEC 10

11 Long-term Offshore Market Potential $14 billion market (EU 2020) Current Offshore Wind Cost (15-25 / kwh) 15% CAGR Dev't 4% Electrical Infrastructure 11% Other 12% Wind Turbine 28% Operations & Maintenance 21% Logistics & installation 10% Support Structure 13% AWT Advantage (8-10 / kwh) Tow to and from site for install/o&m No foundation, much smaller turbine size Tighter space, less natural gas backup Source: EWEA, NREL

12 Airspace, Safety and Environment FAA published draft policy allowing airborne wind turbines to be sited under existing regulation Thousands of aerostats have been permitted to date, many up to 15,000 feet altitude Mandatory safety features ensure slow descent in emergency AWT docks and operates from trailer during storms and inclement weather Lightning-proof tethers & easy repair of holes. The towerless design of airborne turbines dramatically reduces all types of potential habitat impacts. Normandeau Associates University of Maine survey- 88% of rural respondents see Altaeros AWT as visually same or better as tower-mounted turbine. Low noise impact from high altitude and shrouded design. 12

13 Emerging High Altitude Wind Sector FAA publishes draft airborne wind regulation Stanford Airborne Wind Energy Conference ARPA-E funds Makani, sector reaches ~$100 million investment March 2011 Popular Mechanics Cover GL Garrad Hassan High Altitude Wind Market Report Stanford report: high altitude wind can power earth 100x over 13

14 Summary $18 Billion market to displace off-grid diesel fuel Harness winds 5-8x stronger 60% avg. lower cost than gensets Low capital need & customer risk Grid competitive offshore potential 14