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IVEC RU presentation
1. Ivec Ru
Floating Power Plant
The most efficient converter kinetic energy of ocean waves
Victor Petunin
Director
2. 1. Conversion kinetic energy of the ocean waves
Kinetic energy of the ocean wave is one of the best
sources of clean energy. Water density is 800 times
higher than air. Ocean provides waves almost 24/7
Driving factors
1. Growing electricity market, specially
clean energy segment
2. Growing prices of coal and other fossil
fuels
3. The absence of the commercially
successful ocean wave energy converters
3. 2. FPP is a new standard in industry
We analysed advantages and disadvantages of the each
known approach and created ultimate design which combines
simplicity of the oscillating water column and efficiency and
durability of the modern wind turbines
1. Our floating power plant is efficient and durable device.
2. The simplicity of our design is a key to commercial success.
FPP has 25 year life span and low operation expenses.
There are many different designs of wave energy converters
Figure Oceanlinx Power Unit
Figure ORECon MRC
Figure WaveGen LIMPET 500
4. 3. Market
FPP’s market consists of next main segments
1.Off the main grid customers located in close to shore areas
2.Grid connected customers located in close to shore areas
3.Offshore industry and offshore wind projects
4.Aqua culture, marinas, boatels
1. The generated capacity of off the main grid customers
located in close to shore areas – tens Gigawatt-hours. Only
in Queensland (Australia) Ergon Energy runs 30 diesel
generators with total generating capacity of 100MW.
2. The average power demand of one oil rig is 5MWh. The
annual fuel cost is $6,000,000.00
3. FPP can be used as a floating foundation for Offshore wind
energy projects. The cost of the foundation for offshore
wind turbines is 35% of CAPEX
5. 4. Advantages
The cost of power from FPP competes power from the
main grid and from wind turbines
1. FPP is most efficient converter kinetic energy of ocean waves.
2. The cost kWh from mid range FPP is equal to power from the
main grid or wind turbine, which is 7c/kWh. The cost of kWh
from large FPP is less. We estimate it as 2c/kW.
3. FPP can be used as a floating
foundation for off shore wind
projects. This solution increases
generating capacity up to 100%
and significantly reduces period of
investment return.
6. 5. FPP: Design and technology
The unique design of the floating power plant creates
constant unidirectional airflow which eliminates the
need for expensive and complex air turbine systems
1. Floating power plant is array of
OWC’s. Each OWC has inlet and
outlet valves. Oscillating water
pushes air up through the outlet
valve and sucks it back through the
inlet valve. It creates constant
unidirectional airflow.
2. To protect intellectual
property we lodged PCT and
patent applications in Australia,
US, Europe and Japan. We
continue to improve our
technology and we will lodge
more patents.
7. 6. Project team
We are the team of professionals
Mr Ivan Voropaev is the founder and shareholder of IVEC RU.
Mr. Voropaev previously worked for the largest Australian
power distributors and power generators; and as the chief
research officer for the Russian Military Space program. He has
25 year experience of project development and
commercialisation.
Mr Victor Petunin is director and shareholder of IVEC RU.
20 year experience in project management and
commercialisation
Professor Peter Nielsen, the University of Queensland.
Peter has 20 year experience of R&D projects, related to ocean
energy, waves and coastal monitoring
Our engineering team has 100 year plus of experience in power
generating and marine industry projects.
8. 7. FPP: Business model
We design, manufacture and deploy Floating power
plants for our customers. We sell and license our
power plants and we sell power
1. Our model is based on the business model of the wind
energy projects. Exactly as wind energy projects, we
manufacture and deploy wave farms for our customers.
2. We sign power purchase agreements with power
distributors to sale power.
3. We licence our floating power plants to our customers
4. Our current project is commercial unit for the ocean
monitoring centre. Our clients are two Australian universities
5. We already received letters from perspective customers
9. 8. Next Steps
1. We will sign off power purchase agreements with power
distributors
2. To attract more perspective customers we will participate in
conferences and clean energy exhibitions
3. We will organise fund raising functions
After deployment of the small commercial unit for the
ocean monitoring centre we will initiate next round of
the technology commercialisation.
We will organise technology presentation on the
running and generating power commercial unit.
We will invite largest power distributors and power
generators, representatives from offshore industry and
local councils from the remote and close to shore areas
10. 9. To investors
After deployment of the first commercial unit we will
generate cash flow from licensing.
We already have two offers for mid range platforms
for remote island communities.
We are going to develop small and mid range
platforms for Far East of Russia and South Pacific.
Estimated project budget for 2MW platform is $16M
We are happy to discuss equity funding or project
funding opportunities with perspective investors
