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Radix - customer presentation


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  • Also want to examine 2 MWe 10 year configuration
  • 20 m3 = 20 tonnes H2O in pressure vessel. Power usage varies widely In Southern California 6000 kWh/household year 1000 kW x 8720 hours/year = 8720,000 kWh/year 8720,000 kWh/year /(6000 kWh/household year) = 1453 households. So 1 MWy will power 1453 households for 1 year. 10 MW will do 14,000 households.
  • Net Electricity Generation by Region chart Shows Emerging Market (EM) supply growing nearly 300%. Greatly due to increased standard of living for nearly 50% of world population without electricity. EM generally don ’t have infrastructure for centralized plants so obvious choice is distributed power via diesel plants. These additions add greatly to CO2 output contradicting G7 efforts to curb CO2. Also the consumption of oil adds pressure to global prices causing an even greater need to reduce or eliminate diesel fired plants in developed nations. Particularly in areas in remote regions which already pay a substantial premium for diesel fuel. The increasing global GDP and population with ever-increasing expectations of wealth and lifestyle are likely to mean a rapid expansion in energy supplies of all types being required to keep pace. To put this into perspective, China ’s GDP will likely be larger than the USA by 2040. Imagine 1.5 million people in China and 1 million people in India having the ability to purchase an automobile, have air conditioning and central heating and the myriad of electrical appliances available on the market. Worldwide demand for petroleum is growing, particularly as related to economic trends in China, India, Eastern Europe and other developing areas. „ China oil demand +104% by 2030, India +91%, Africa +105%, Central and South America +98 to 112%, US, Europe +22 to 34% (Exxon) Sustainable development meets the needs of the present without compromising the ability of future generations to meet their own needs. (UN World Commission on Economic Development, 1987) A system that is not sustainable will eventually collapse † Collapse occurs quickly with increasing demand and a declining supply † The higher it rises, the greater the fall. † the only questions are „ When will the collapse occur? „ How will it occur? „ What happens during collapse? „ What needs to be done to cushion the collapse? Collapse of petroleum system could have sever consequences „ Global economic recession/depression „ Severe inflation „ Investor speculation leading to wide price swings „ Removal of environmental controls over remaining resources „ Transfer of wealth to countries with remaining resources „ Rise of autocratic governments „ Increasing poverty in third world countries „ Political/military conflict over remaining resources
  • Cost of 10 year supply of TRIGA is ~ $16.75 million or $2.7 million/year amortized at 10%. Diesel fuel cost is $27 million/year at $4.00 and $42 million at $6.00 per gallon. A 10 MW diesel generator burns approximately 800 gallons of diesel per hour (or approximately 7,008,000 gallons of diesel fuel per year). Diesel prices, like gasoline have fluctuated substantially in the past year, but as recently as July 2011, the average price was $3.90 per gallon. Applying this diesel price, RADIX estimates the cost for fueling a 10 MW system is $26.7 million per year and yields electricity at an average price of $.42 per kilowatt hour (kWh). In remote locations where many such generators are located, diesel fuel costs are significantly higher due to demands on supply and delivery infrastructure. For example, some areas within North America pay $6.00 to $8.00 per gallon or more resulting in estimated electricity prices of $.63 to $.83 kWh. These numbers are further corroborated by other independent studies showing average electricity prices in many Alaskan and Canadian communities ranging from $.40 to $1.27 per kWh.
  • Transcript

    • 1. Radix ® POWER AND ENERGY CORPORATION Dr. J. Paul Farrell President and CEO February 2012 All information proprietary to RADIX
    • 2. Executive Summary
        • Replace Diesel-Electric Generators with RADIX Systems Power at 1/3 rd or Less Current Cost
        • Market, Design, License & Support Outsource Manufacturing & Construction
        • Technology + Team = First-to-Market
      • STRATEGY
      All information proprietary to RADIX
    • 3.
        • J. Paul Farrell - Nuclear physicist & Founder and President of Brookhaven Technology Group; recipient of more than $8M in DOE/DOD research awards
        • James R. Powell - Former Head of the Reactor Systems Division at Brookhaven National Laboratory; winner of the prestigious Franklin Medal; inventor of Maglev
        • Philip O. Moor - Chair of American Nuclear Society President ’s Committee on Small Modular Reactors and project lead on many nuclear energy initiatives, including both large & small modular reactor projects
              • And, established legal & business professionals with proven track records in start-up management, global product launches & corporate finance transactions
      All information proprietary to RADIX Management Team
    • 4.
      • Immediate Market Demand
        • 24/7/365 Reliable Power for Off-Grid Users
        • Replaces High Cost Diesel Electric Power With Cost Effective Mini Modular Reactors (MMRs)
        • Targets: Military Bases (Domestic & Foreign) Industrial & Mining Sites Remote Communities Industry & Desalination Emerging Economies
      • 21 st Century Design
        • Affordable, Modular 10 MWe Power System
        • Developed from U.S. Army Study
        • Gen III++ SMR with Passive Safety
        • Factory Built & Delivered To Site
        • Licensable PWR Technology
        • Licensable All Metal UZrH Fuel with 10 Year Refuel Cycle
      All information proprietary to RADIX Immediate Market, Affordable, Safe & Licensable RADIX is Unique Because…
    • 5.
      • Drivers of Demand
        • Politics Of Fossil Fuel Dependence
        • Logistics of Fossil Fuel Delivery
        • Cost & Cost Stability
        • 24/7/365 Reliability
        • No Emission of CO 2
      • Solid Economic Business Case
      All information proprietary to RADIX Why Purchase a RADIX MMR?
    • 6.
      • 10 MWe (40MW t ) IPWR
      • Scalable & Deployable
      • Powers approx. 10,000 to 14,000 residences
      • Gen III+ Passive Safety & Economics
      • Triga® UZrH 1.6 - enriched 19.75% U-235
      • Fuel cycle 10 years
      • Air or Water Cooled
      Approx. 1.5 Acres All information proprietary to RADIX RADIX ’s MMR
    • 7.
        • Distributed power is critical to meet global demand
        • Distributed systems = oil
        • Most expensive to operate
        • Steep fuel premiums
        • Significant CO 2 output
        • Counter to economic & national security objectives (N. America)
      Net Electricity Generation by Region (trillion kilowatt hours) World Oil Prices (i n three cases ) (2008 dollars per barrel) All information proprietary to RADIX Power Market Overview
    • 8.
      • Diesel Electric Plants
        • More than 350,000 diesel units globally
        • - Power range = 1-10 MW each
        • More than 32,000 MW of total capacity
        • Used for primary or critical back-up power
          • RADIX Addressable Market
      • Initial entry - $4B/year
      • At Maturity (2030) =
          • $153B globally / $90B U.S.
      All information proprietary to RADIX Target Markets
    • 9. RADIX Solid Lines (Left Axis) – Annual Plant Cost Dashed Lines (Right Axis) – Wholesale Power Price $/MWH Diesel - $4 Start Fuel Price Diesel - $6 Start Fuel Price Annual Ownership Costs (with 30Yr NPV) & Cost of Wholesale Power 10 MW RADIX vs. Diesel NPV : $1.5B NPV: $1B NPV: $400M Diesel costs based on 2011 market values of $4/gal and > $6/gal in remote areas. Assumes diesel price increases 5% per year equivalent to a real year 30 price of $134 a barrel of oil. All information proprietary to RADIX Business Case
    • 10. All information proprietary to RADIX With 10% Amortization Rate for Nuclear Fuel and Equipment A 10 MW diesel electric generator burns about 800 gallons of diesel fuel per hour (7,000,000 gallons per year) 10 MW x 10 Year Cost of Operations
    • 11. All information proprietary to RADIX Offer an MMR that is Affordable, Licensable & First-to-Market RADIX Strategy
    • 12.
      • Compare RADIX ’s Strategic Position Among SMRs
        • SMRs for on-grid power compete with natural gas; RADIX ’s MMR competes with diesel because RADIX’s target market is off-grid distributed power
        • RADIX can outpace “Advanced” MMR designs
        • RADIX is only MMR in North America able to work with DOD
        • RADIX will be first to get U.S. regulatory approval – “Global Gold Standard”
      RADIX also competes with providers of diesel, wind & solar power systems ranging from 1-10MWe All information proprietary to RADIX SMR Competition
    • 13.
      • Unique Business Strategy
      • Proven Management Team
      • RADIX is Market Driven
        • First-to-Market will Build Global Awareness & Opportunity
        • $150B+ Market
      • Gen III++ SMR/IPWR Safety
        • Low Risk Due To Fast Timeline & Licensable Design
      Conclusion All information proprietary to RADIX