In fiscal 2002/03 Nordex makes a huge net-loss of 176 million EUR, due to different mistakes done by the former management. Not integrated group of subsidiaries Weakness of business processes Aggressive accounting (write-off/revaluation of balance sheet) As a result, 2 members of the management board and 75% of senior management were resigned. Carsten Pedersen is the only one left on board level.
Founded 21 year ago in Denmark, One of the pioneers in the industry Always concentrated on big turbines
What is driving the market? -The world wide demand for energy is rising -We´ve seen dramatic price increase in fossil fuels -On the other hand, new supporting system came in force And if you compare the generation costs of wind power, it is obvious there is no cheaper green source. This of cause depends on the wind site.
Our industry will be growing in average by 20% each year until 2010. After 2010 by around 13%. This will take place not only in Europe (like in history): A more and more important rule plays Asia and also North America. As you can see in the curve top of the collumn. Also in 2015 there is lot of space for growth. The proportion from Wind Energy in the grid will be less 3%
In good old times we have developed every 2nd year a new, bigger model. But we haven´t concentrate on the optmization of this prototypes. Warrenty expenditures. Change in customer structure 50% utilities, IPPs, which are looking on availability and reliability. Good positioned with the wide tested WTG N80/90. 300 units are running. Only Siemes has more installations in this range.
DualFuels Technology, LLC. - April 2014
“Assisting Truck Operators With Lowering Fuel Costs”
DUALFUELS TECHNOLOGY, LLC.DUALFUELS TECHNOLOGY, LLC.
Managing Member /
Managing Member /
GOALS & OBJECTIVES
Develop a network of public natural gas fueling stations nationwide
Become a leader in low cost fuel for truck operators
Become the leader in dual fuel conversion installation services
Provide fast and efficient fuel delivery services
Who We Are
DualFuels Technology, LLC. was founded to
provide an efficient natural gas fuel
delivery system to truck operators.
Both as a fuel source and provider of
dual fuel conversion systems to
convert existing engines to burn both
diesel and natural gas.
Why Did You Choose This Niche?
A lot of people have asked us why we chose to target small fleets
and Owner/Operator truck operators rather than the
large fleets. Here are a few of the reasons for our
selecting this niche:
Large fleet operators who convert to natural gas
typically build their own private natural gas fueling
Large Fleet operators have the resources to purchase
new vehicles already fitted with natural gas engines.
Small fleet and Owner / Operator truck operators
don’t have the resources large fleet operators do, so
they need a lower cost alternative to take advantage
of the low cost natural gas fuel.
New regulations passed down by the Obama
Administration will make it mandatory for all truck
operators to lower emissions significantly by 2016.
These regulations will force smaller truck fleet and
Owner/Operators out of business if they can not
comply with the regulations. Our Company
provides a low cost means to meet the regulatory
requirements and will save the livelihood of
thousands of truck operators.
Natural gas costs significantly less than diesel. The diesel gallon equivalent cost of
natural gas is approximately $2.00 per gallon less than diesel.
Natural gas burns a lot cleaner than diesel, consequently has much less carbon
emissions, allowing truck operators to meet more stringent emission requirements.
Natural gas has fewer fuel particulates. As a result there is less wear–and–tear on the
engine, reducing maintenance costs, and extending the engine’s life.
No loss of engine power by switching to a dual fuel system. In fact, some operators
have stated that they can feel a surge of power when the engine switches over to
natural gas .
Safer fuel over liquid fuels. Lighter than air, rises. Evaporates quickly.
Attributes Diesel Only Dual Fuel
Significant Fuel Cost Savings
Horse Power Increase *
Fuel Range Greater On Existing Truck Tanks
Current Number of Available Fueling
Future Number of Available Fueling Stations
Truck Maintenance Costs Reduced
Frequency of Maintenance Interval Improved
Protects Resale Value of Truck
* Some operators have reported an increase in power when the natural gas kicks in. Some trucks may not
experience any change in power depending on the existing truck engine model, age, and other factors.
How does the technology work?
Dual fuel engine systems allows a heavy-duty, diesel engine to run on a high proportion of cleaner, more cost-effective
natural gas. Fundamentally, a Dual Fuel engine is still a diesel engine, unchanged in its basic thermodynamic operation.
However, with Dual-Fuel™ a small diesel injection – called a pilot injection – is used only to ignite a metered charge of
natural gas and air.
How Much Diesel Fuel Can I Save?
Burning methane in a dual fuel engine replaces up to 80 percent of the diesel fuel.
How Much Could I Save In Operating Cost Per Year?
The technology we use replaces up to 80 percent of diesel with methane (natural gas). The cost saving is driven by the
quantity of diesel saved and the price differential between gas and diesel in different markets.
An articulated distribution truck could save approximately $25,000 per year. This calculation is based on the difference
in price of diesel fuel and natural gas in the US.
How/Where Can I Obtain the Natural Gas?
Natural gas as is widely available. Dual fuel engine systems use natural gas, the same gas supplied to domestic and
industrial customers via national grid systems. In addition, DualFuel Technology, LLC. is building additional public
natural gas fueling stations along the major corridors throughout the country.
Has the Dual Fuel Conversion System Been Tested In Real World Conditions?
Yes. This has been firmly established in real world trials. In the past years, over 5,000 have had the dual fuel conversion
systems installed in heavy duty vehicles that have covered more than 310 million miles on three continents. Several
operators that have had the dual fuel conversion system installed in their vehicles have run their trucks for more than a
Will the Dual Fuel SystemShorten Engine Life?
Research conducted in the USA and jointly published by engine manufacturers and the dual fuel system manufacturer
have found that running in dual fuel system can improve engine life and lengthen oil change intervals.
Is the Conversion System EPA Certified?
Yes. All of the conversion systems we sell are EPA certified for installation in on-road and off-road medium and heavy
What About A Natural Gas Tank?
Storage tank(s) are fitted to the vehicle (either a single tank or multiple tanks). Gas can be stored either as compressed
natural gas (CNG) or liquefied natural gas (LNG). DualFuel Technology, LLC. provides a composite tank as part of the
conversion system that is much lighter than a steel tank, although it is larger than the average steel tanks on most
trucks. The composite tank is a little more expensive than a steel tank, but it pays for itself in only about 2 months in
fuel cost savings.
Is A Natural Gas System Safe?
Yes. All gas containment comes with safety systems that include electronic shut-off valves, inertia shut-off valves and
manual shut-off valves. Natural gas is safe. It is difficult to ignite, having a higher ignition temperature than diesel and
gasoline and a very narrow flammable air-fuel ratio. Natural gas is much lighter than air too, so it disperses safely in the
atmosphere and does not pool to form dangerous invisible vapor clouds – like gasoline and propane.
Is the Manufacturer’s Warranty Affected By Installing the Dual Fuel Conversion System?
No. The original vehicle manufacturer’s warranty will not be nullified. In addition, the installation itself carries its own
warranty covering manufacturing or material defect failures. Operators are always advised to confirm warranty
arrangements with their dealer.
Where Can I Have A Dual Fuel Conversion System Installed?
We have over 150 affiliates nationwide who are certified to install the dual fuel conversion system.
This Presentation is intended to present a general outline of the dual fuel engine conversion system and its
benefits. Please contact us for additional information on our products and services.
Managing Member / President