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Vast.General.Overview.C.2.12
 

Vast.General.Overview.C.2.12

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A technically-oriented presentation of VASTech, our Mission/Team/Technology.

A technically-oriented presentation of VASTech, our Mission/Team/Technology.

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    Vast.General.Overview.C.2.12 Vast.General.Overview.C.2.12 Presentation Transcript

    • VAST™ Power Systems, Inc. VAST: Mission/Team/Technology Value Added Steam Technologies 2824 17th Street, Elkhart, Indiana 46517 ● Telephone 574.970.4800 ● info@VASTPowerSystems.com
    • Our Mission - Our Goals ONE MISSION: To serve God by profitably building more efficient combustion systems with exhaust so clean you can breathe it. TWO GOALS: Clean Power + Good Stewardship Clean Power means making affordable power and heat with virtually no pollution. Good Stewardship means being good stewards of who we are and what we have been given: Our talents. Our resources. Our time. Our health - our very lives themselves - all given to us as good gifts to be used in meeting the real needs of people. That's what we're about: bringing glory to God by providing Clean Power and practicing Good Stewardship. By achieving those goals, we'll honor our Lord, serve our stakeholders and fulfill our mission. April 19, 2010 © 2010 2
    • Our Core Commitments In response to God’s love, grace and mercy, we seek to: ● Acknowledge God’s authority in our lives and His creation and ownership of everything (ideas, resources, money, time…). ● Be obedient stewards by using the talents He has given us to effectively develop cleaner, more efficient combustion systems, thereby helping our stakeholders to reach their full potential. Our stakeholders include investors, employees, vendors, customers and their communities. ● Understand and obey God’s will for our lives so as to bring Him glory by the way we fulfill our callings as we serve people. ● Align how we live with God’s commands and principles revealed through His Word, the Bible. ● Reflect, albeit imperfectly, by the way we live and do our work, something of the nature of God; His sacrificial love, grace and mercy as well as His love of beauty, quality and justice. April 19, 2010 © 2010 3
    • Our Core Team Gary Ginter, Chairman/Lead Angel Investor Linkedin Bio: http://www.linkedin.com/in/garyginter ● Principal in multiple start-ups and a major IPO. ● Founding Principal in two private firms with combined value of over $320MM.. ● Partner in Hull Trading sold to Goldman Sachs in 1998 for $531 million. ● Founding Angel Investor of many start-ups in communities of need worldwide. ● Chairman of many non-profit organizations, several of which he helped found. Dr. David Hagen, Chief Scientist Linkedin Bio: http://www.linkedin.com/in/davidlhagen ● PhD in Mechanical Engineering and MSc Chemistry, Univ. of Minnesota. ● Extensive research & development on wet combustion, power systems, hydrocarbon recovery, etc., filing 25 patents. ● Broad experience in solar, Ocean Thermal Energy Conversion, and alternative energy ● Co-authored report on solar energy to reduce Australian greenhouse gases. ● R&D into direct coconut processing to increase local revenues by > 500%. ● Lived 21 years in Australia and India; speaks Nepali. April 19, 2010 © 2010 4
    • Our Core Team Allan McGuire, Sr. Design Engineer Linkedin Bio: http://www.linkedin.com/in/allanmcguire ● B.S.E.E. and B.A. from Cedarville University. ● Researches and models combustion systems and cycles. ● Draft IP & manages IP process both internally & with outside IP counsel. ● Born in Pretoria, South Africa and raised in Swaziland. ● Maintained emergency telecommunications and internet access for front- line relief operations after Pakistan's devastating earthquake of 2005. ● Installed satellite uplink in Slovakia and managed operations of high powered shortwave and AM radio transmission equipment in Swaziland. ● Technical consultant for media ministries in South Asia. April 19, 2010 © 2010 5
    • Our History 2010 – Oil Recovery Liner Pat. Pend 2009 – Built an Alpha test combustor 2009 – Oil Recov. Equip. – Pat. Pend 2008 – CO2 Recycle Pat. Pend 2006 – Wet Compression Pat. Pend. 2008 – Enhanced Oil 2006 – Progressive Combustor Recov. Pat. Pend. test <1ppm NOx, CO 2006 – Part Load Cycle Pat. Pend. 2005 – Low Emissions Pat. Pend. 2004 - “Wet” Power Cycle Pat. Pend 1971 Converted 2004 – Trifluid Reactor Pat. Pend Boeing 502 Turbine 1997 – Thermogenerator test <3ppm NOx, CO Water/Fuel>10:1 1992 – VAST Thermogenerator patents 1969 – First Ginter patent April 19, 2010 © 2010 6
    • Our Technology Domains April 19, 2010 © 2010 7
    • Our Technologies – Wet Combustion Demonstrated Stable Combustion at 700°C/1290°F Conventional combustion > 1200°C/2190°F Demonstrated ω (Water/Fuel) > 10:1 and λ (Relative Air/Fuel) = 1.18 (stoichiometric=1.0) Conventional combustion uses ω < 2.5:1 with relative air/fuel λ = 2.6-3.5 Combustor and thermocouple Combustor with Thermocouple arm EMISSIONS: NOx CO Observed (3.8% O2) <2 ppm* <3 ppm* Normalized 0.5 0.8 (@15% O2) ±0.5 ppm ±0.5 ppm *Lower detection limits of EPA-certified tester's equipment. April 19, 2010 © 2010 8
    • Our Technologies – Fluid Mixing ● Mixes several fluids. ● Increases combustion stability. ● Increases temperature and distribution control. ● Reduces emissions. ● Lowers noise and vibration. ● Reduces pressure drop. April 19, 2010 © 2010 9
    • Our Technologies – Wet Compression ● Increases compressor cooling. ● Reduces compressor work. ● Increases pressure ratios for same thermal limits. ● Smaller compressor footprint. ● Injects water in each stage. ● Less air required. April 19, 2010 © 2010 10
    • Our Technologies – Power Cycles ● Replaces excess air with recycled water. ● Increases component life. ● Increases efficiencies. ng he nt ● Improves economics. VASTIG™ C i Po 300 40 ● Increases net power. 280 FSTIG™ Net Electrical Efficiency (%) Specific Power (kW/lb/s) 260 ● Lowers emissions. 240 35 220 200 180 Net Efficiency (β=15) 30 160 Net Efficiency (β=12) 140 Net Efficiency (β=9) Specific Power (β=15) Brayton Specific Power (β=12) 120 Specific Power (β=9) TIT=1035ºC 100 25 1.0 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 2.8 3.0 3.2 3.4 3.6 3.8 4.0 Lambda λ (ratio to stochiometric) April 19, 2010 © 2010 11
    • Our Technologies – Hydrocarbon Extraction Enhanced Oil Recovery & Bitumen Recovery ● Delivers exhaust heat + steam + CO2 down hole. ● Uses distributed CO2 generation onsite via combustion process. ● Recycles CO2 to achieve desired concentration ratios. ● Compresses gas more efficiently. ● Improves use of CO2 and steam. Water 27.6 kg/s Wellhead Efficiency ~ 96.2% Fuel 1.76 kg/s 14.1 kg/s 13.6 kg/s vs 83% for Boilers O2 7.0 kg/s Capital Cost < $5,000/bbl/d 1127°C Down Hole Fluid vs > $10,000/bbl/d boilers 99% pure O2 Thermogenerator VASTgas™ 36.3 kg/s @ 14 atm, Compressor heat flow 92.7 MW (Externally powered to 2.49MW 280°C @ 40% net electrical efficiency 6163 bbl/d at 1.3GJ/bbl i.e. 6.23MW of heat) April 19, 2010 © 2010 12
    • Our Technologies – Hydrocarbon Extraction Brownfield Remediation and Ocean Oil Spills ● Destroys hydrocarbon contamination on site. – No disposal required ● Modular and portable. ● Cleans contaminated water. ● Utilizes recovered hydrocarbon for heat. April 19, 2010 © 2010 13
    • Our Intellectual Property – IP Map April 19, 2010 © 2010 14
    • Our Intellectual Property ● 130+ applications filed in 24 countries. ● 40 issued patents in over 20 countries. ● 65+ independent and 1,100+ dependent claims filed in the US. ● $6,500,000+ in today's dollars invested into intellectual property with over $3 million invested since 2001. April 19, 2010 © 2010 15
    • Our Services ● Energy/Environment research and development. – Research/evaluate/improve energy technologies. – Apply wet combustion and power methods. – Leverage our extensive network of consultants. ● Power cycle modeling. – Provide high performance power cycle modeling. – Experience in analysis and optimizing. ● IP review and consulting. – Research and evaluate relevant art. – Provide insight into improving applications and claims. April 19, 2010 © 2010 16
    • Our Business Models ● IP Commercialization. – License IP to an OEM that is first or second in dominance in an application domain. – Sale of partial or exclusive rights to exploit VASTech in one domain or geographic region. – Cross-licensing critical technology from strategic counterparts or competitors. ● Joint Technology Development. – Cooperative research and development agreements. – Develop and demonstrate prototypes of pilot plants. – Gain-sharing of enhanced net profit or production via ESCOs or by share of production.. April 19, 2010 © 2010 17
    • Our Contact Information Main Office VAST Power Systems, Inc. 2824 17th Street Elkhart, IN 46517-4008 U.S.A. Phone: +1-574-970-4800 Fax: +1-765-558-4800 Email: Info@VASTPowerSystems.com Web: http://VASTPowerSystems.com Gary Ginter 5840 West Midway Park Chicago, IL 60644-1803 Chairman/Interim CEO U.S.A. Lead Angel Investor Phone: +1-312-925-4571 Fax: +1-765-558-4800 Email: Gary.Ginter@VASTPowerSystems.com April 19, 2010 © 2010 18