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110920 - parkplug power - climate spark pitch


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Outline of how ParkPlug works and the rational behind its launch

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110920 - parkplug power - climate spark pitch

  1. 1. September 20 th , 2011
  2. 2. Agenda <ul><li>Intro to EVs and EV charging </li></ul><ul><li>EV charging in condos </li></ul><ul><li>Potential solution </li></ul>
  3. 3. What is an EV? <ul><li>Any vehicle that has electric motors providing torque to the wheels </li></ul>For the purpose of today’s discussion, focus on any vehicle that can or must plug into the grid to charge <ul><li>May or may not also have an internal combustion engine (I.C.E.) onboard (providing power directly to the wheels, or recharging the battery) </li></ul>
  4. 4. Today’s EVs have evolved from the “oversized golf carts” of just a few years ago Nissan Leaf Ford Transit Connect GM Chevy Volt Tesla Roadster 2.5 Source: Automaker websites
  5. 5. A broad list of automakers from around the world are producing or will soon launch EV models Source: One Million Electric Vehicles By 2015 ( US DoE); Long-Range EV Charging Infrastructure Plan For Tennessee (ECOtality); The Electric Vehicle Market in the USA (Finpro)
  6. 6. Even under the most conservative scenarios, a large number of EVs are coming to North American roads Source: Long-Range EV Charging Infrastructure Plan For Tennessee March 2010 [] Estimates vary, but most see 500K-1M EVs on US roads by the end of this decade (U.S.)
  7. 7. Why are EVs likely to catch on so rapidly? <ul><li>Better driving performance </li></ul><ul><ul><li>Quieter operation (nearly silent) </li></ul></ul><ul><ul><li>Stronger torque & acceleration </li></ul></ul><ul><li>Lower CO 2 emissions </li></ul><ul><ul><li>Essentially no emissions when powered by renewable energy sources </li></ul></ul><ul><ul><li>Substantial reduction in CO 2 /km even when powered by typical mix of generating sources </li></ul></ul><ul><li>Lower cost to operate </li></ul><ul><ul><li>~90% reduction in fuel costs </li></ul></ul><ul><ul><li>Significant savings on maintenance costs </li></ul></ul>
  8. 8. There are three primary ways to charge an EV Level I Level II DC fast charge Setting Anywhere there’s a wall outlet Residential (private and shared), commercial locations Major highway corridors, select commercial settings Power ~2 kW (120v @ 16 amps) ~8 kW (240v @ 32 amps) 50 kW +/- (~500v @ ~100 amps) Approx. charge time 12 h 3 h <30 m Plug type J1772 J1772 CHAdeMO
  9. 9. Agenda <ul><li>Intro to EVs and EV charging </li></ul><ul><li>EV charging in condos </li></ul><ul><li>Potential solution </li></ul>
  10. 10. At least initially, most charging will happen where the car parks overnight, typically the owner’s residence <ul><li>Longest time parked (often 12-14 hours) </li></ul><ul><li>Lowest cost of power overnight </li></ul><ul><li>Certainty around ability to plug in: no chance it’s already taken </li></ul><ul><li>Driving behaviour : Lack of widespread public charging network will limit early buyers to those who are fine charging only at night </li></ul>‘“ A lot of people ask me, ‘Where will we plug in?’” said Dan Davids, presi-dent of the advocacy group Plug-In America. “Two words: At home.” The simple fact is, most of our charging will be done at home while we’re sleeping.’ -WIRED, Aug 2011 Source: “ Where Will We Plug In?”, WIRED Magazine, Aug 2011 []
  11. 11. Most residences in the GTA are not detached houses; a similar situation is true for Hamilton More than 160K GTA households are condos (in 2,200 res. condo bldgs) Note: “Attached dwellings” includes primarily Semi-detached house, Row house, and Apartment - duplex Source: Statscan 2006 Census 58% of GTA homes are not single- detached houses
  12. 12. What is physically required to offer EV charging in a condo parking garage? <ul><li>Electrical wiring (240 V @ 32 amps) from the main panel to the front of the owners parking space </li></ul><ul><li>A wall-mounted level II EV charger made by GE, Siemens, Schneider Electric, or other known brands </li></ul><ul><li>Possibly : A “programmable logic controller” (PLC) to throttle the charging load back in the event that the building’s circuits don’t have enough excess power for EV charging </li></ul><ul><li>Typically not required: </li></ul><ul><li>Any additional sub-metering gear (charging stations have measurement-grade meter built in) </li></ul><ul><li>Step-up or step-down transformers (charging works at voltage already found in most residential buildings) </li></ul>
  13. 13. Condos – as well as other MURBs – pose a unique set of challenges for EV charging All MURBs <ul><li>Any electrical wiring in the parking garage ties in to the building’s shared electricity supply, so it’s difficult to accurately allocate energy costs </li></ul><ul><li>The cost of the first installation will be quite high , but much of that cost can later be shared with subsequent installations </li></ul>Condo buildings Apartments + other <ul><li>Parking spaces are owned or exclusive use; nearly impossible to reassign </li></ul><ul><li>The Condo Act provides strict limits for what boards can invest in (reserve fund, operating fund can’t be used here) </li></ul><ul><li>Visitor parking spaces are for that only </li></ul><ul><li>CAPEX is managed very tightly by owners </li></ul><ul><li>High turnover rate of tenants ( to be confirmed ) </li></ul><ul><li>Lower income demographic may lead to price sensitivity ( to be confirmed ) </li></ul>
  14. 14. There are also a number of legal considerations to installing charging stations in condos <ul><li>Additions/alterations to common elements </li></ul><ul><li>Liability and insurance </li></ul><ul><li>Boundaries will differ from condo to condo </li></ul><ul><li>New rules, policies required? </li></ul>
  15. 15. Agenda <ul><li>Intro to EVs and EV charging </li></ul><ul><li>EV charging in condos </li></ul><ul><li>Potential solution </li></ul>
  16. 16. ParkPlug Power helps condo buildings offer EV charging without any capital outlay “ Because condo owners deserve EVs too…” Mission statement: ParkPlug provides EV charging solutions for condominium buildings. As a 3 rd party infrastructure developer, ParkPlug deploys, operates, and maintains charging equipment so that condo owners can charge EVs right at home.
  17. 17. We identify a building interested in providing EV charging to its owners… … and enter into a partnership agreement with the condo board We then wait for an owner to be interested in buying an EV … and enter into a service agreement with that owner We engage an electrician to run the wiring and install the charger Later, as more people in the building start buying EVs… … we enter into contracts with them and install their chargers The rollout of this business model occurs in several distinct phases
  18. 18. After EVs charge using our equipment, we’ll collect from the drivers and settle up with the condo board Each month, the EV draws power from the building… … the EV driver pays us a monthly service fee… … and we either pay for the power or provide usage data to the condo board
  19. 19. There are several compelling benefits to all unit owners in a building that offers EV charging Happier unit owners Less power theft Green marketing and higher resale values Less board argument
  20. 20. ParkPlug Power Inc. 600 King Street West, Suite 201 Toronto, ON M5V 1M3 416.900.3268