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Resolute Marine: Clean Water From Ocean Waves

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Ocean waves are Free, Clean, Reliable, Predictable.
Resolute Marine uses them with its innovative approach and technology - turning ocean waves into clean water ....

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Resolute Marine: Clean Water From Ocean Waves

  1. 1. Resolute Marine: Clean Water From Ocean Waves Olivier Ceberio COO and Co-Founder IMERC Innovation Hub, Ringaskiddy, Co. Cork, Ireland oceberio@resolutemarine.com
  2. 2. Resolute Marine Clean Water From Ocean Waves 2 • IMERC “Innovator of the Year” (2015) • Winner European Technology Platform for Water (WssTP), SME award (2015) • Winner Overall Maritime Excellence Award (2015) • Winner Excellence in Marine Renewable Energy (2015) • Winner FACCNE Award (2015)
  3. 3. Resolute Marine Clean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary The water crisis is real and worsening • 1.1B people lack access to clean water • 2.5 million people die every year • Seawater desalination is an inevitable solution • Energy is the culprit • 40% of them live in coastal areas with excellent wave energy resources • Ocean waves are • Free • Clean • Reliable • Predictable
  4. 4. Resolute Marine Clean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary Low-Cost €1/m3 (before RML profits) Life-Saving Water for ~48,000 People Affordable €20M total cost 6-year payback Modular Easily expandable Wave2OTM: world’s first wave-powered desalination system Clean No greenhouse gas emissions
  5. 5. Resolute Marine Clean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary Market: >$10B/Year – Launch market: Cape Verde Addressable market $B/year $2B/y $1B/y $0.5B/y $0.2B/y South Africa - 4 District Municipalities ECOWAS – Cape Verde - Commercial pilot ECOWAS - Senegal - Discussions underway Morocco - Discussions underway Chile - Discussions underway
  6. 6. Resolute Marine Clean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary 1.16 0.44 1.64 3.24 4.09 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 Capital, O&M RML's margins Financing partners Water purchase price Average cost of water in CV LCOW,€/m3 Wave2OTM: 3x less costly than diesel-driven desalination 3.4x Project finance indicators (w/o incentives) CAPEX €20M OPEX €1.2M/year €1.7M/year dividend Project Equity IRR 26% Minimum DSCR > 2 30% Equity 70% Debt
  7. 7. Resolute Marine Clean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary Wave Energy Converter has undergone several rounds of testing Scale 1:20 wave tank testing Scale 1:2 wave tank testing Scale 1:2 ocean testing Scale 1:20 Extreme sea wave tank testing Scale 1:1 ocean testing
  8. 8. Resolute Marine Clean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary €9M bridge to commercialization by 2018 Q2 2017 Integrated test in Ireland Q4 2017 Technical pilot at PLOCAN Q2 2018 1st commercial application in Cape Verde €9M Series B $1M AfDB (Awarded) Exit 2020 Series B 5.5x – 53% IRR 240,000 people served 27,300t CO2/y (5,200 cars) 7.3 Mm3/year water produced >200 direct jobs created
  9. 9. Resolute Marine Clean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary An experienced senior management team Bill Staby, Co-Founder and CEO • Entrepreneur (4th startup) • Investment Bank Olivier Ceberio, Co-Founder and COO • International Development • Product development Dr. Dick K.P Yue, MIT • Professor of Mechanical and Ocean Engineering at MIT • 200+ papers and a two-volume textbook Nikolay Voutchkov, RO Desalination • Internationally recognized expert in RO desalination Allan Chertok, Electrical Engineer • 40+ years of experience in electrical & control systems design Bill Harvey, Desalination Engineer • 20+ year in water industry Dr. Matt Folley, Hydrokinetic Engineer • 20+ years experience in wave energy converter development Dr. Art Williams, IP • Registered patent agent, 30+ years
  10. 10. Resolute Marine Clean Water From Ocean Waves © 2016 Resolute Marine Limited - Confidential and Proprietary 10 Contact Olivier Ceberio COO and Co-Founder IMERC Innovation Hub, Ringaskiddy, Co. Cork, Ireland oceberio@resolutemarine.com Our Factory Santo Antão Cape Verde Thank You!

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