Gravity power principal solar webinar_10-11-11


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Gravity Power will discuss its energy storage power plants in comparison to combustion turbine plants and other storage for peaking and ancillary services power. The “Gravity Power Module” (GPM) hydraulically lifts a massive piston inside a deep vertical shaft to store energy, and releases the piston on demand to force water through a hydro turbine. Early units will supply 40-150 MW for 4 hours or more. The Company plans to sell turnkey plants, operate and maintain and joint venture or license technology in strategic markets. It is working with developers in Texas, California, New York, the Mid-East, South Africa, India, China, Turkey, France, Germany and Mexico to progress demonstration projects and commercial installations, the first to be completed in 2013.

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  • Thursday, October 13, 2011
  • Thursday, October 13, 2011
  • Thursday, October 13, 2011
  • Thursday, October 13, 2011
  • Thursday, October 13, 2011
  • Thursday, October 13, 2011
  • Thursday, October 13, 2011
  • Thursday, October 13, 2011
  • Gravity power principal solar webinar_10-11-11

    1. 1. PRINCIPAL SOLAR WEBINAR Storage-Based Ancillary Service and Peaking Power Plants October 11, 2011
    2. 2. <ul><li>Thomas R. Mason, CEO </li></ul><ul><li>Mr. Tom Mason is a recognized expert in power generation and in gas turbine technology. He was Executive Vice President of Calpine and President of Calpine Power Company, responsible for the largest fleet of gas-fired power plants in the world and the world's largest geothermal facility. While at Calpine he managed the simultaneous construction of 30 power plants, each of 500 MW or above. </li></ul><ul><li>Prior to that, Tom was President and COO of CalEnergy (now MidAmerican Energy) and was with Solar Gas Turbines and Commonwealth Edison. </li></ul><ul><li>Tom has extensive experience in power grid deregulation and restructuring, acquired in both the United States and the UK. He is an engineering graduate of Purdue University and holds an MBA from the University of Chicago. </li></ul>Speaker Biography
    3. 3. Agenda <ul><li>Market & Competition </li></ul><ul><li>Gravity Power Module Technology & Products </li></ul><ul><li>Key Methods & Equipment </li></ul><ul><li>Schedule </li></ul><ul><li>Team </li></ul><ul><li>Financials and Use of Proceeds </li></ul><ul><li>Q&A </li></ul>
    4. 4. LCOE $/MWh *Credit Suisse Model -- Assumes $40/MWh off-peak power & $5 or $12.50/MMBtu Gas <ul><li>To bring renewables to dispatchable generation status, we need much more energy storage </li></ul><ul><li>With 250 GW of new generation required annually, about 12% of this or 30 GW will be new peaking power </li></ul><ul><li>With gas turbines at about $1,000,000/MW, this is a $30 billion annual market </li></ul>GPM Peaking Plants
    5. 5. Energy Storage Worldwide Energy Storage Capacity (MW) Could match supply to demand… …if far more storage were available. Pumped Hydro Over 99% of Total Storage Capacity
    6. 6. Gravity Power Module <ul><li>Modular, underground pumped storage </li></ul><ul><li>High efficiency (75-80%) </li></ul><ul><li>Low cost </li></ul><ul><li>No emissions </li></ul><ul><li>No continued water use </li></ul><ul><li>Excellent dynamic response </li></ul><ul><li>Flexible siting </li></ul><ul><li>Fast permitting </li></ul><ul><li>Fast construction </li></ul><ul><li>Patents Pending </li></ul>
    7. 7. GPM Products Planned <ul><li>Ancillary Services GPM </li></ul><ul><li>25MW capacity x 20 minutes </li></ul><ul><li>Cost/kw: $1,000 </li></ul><ul><li>Intermediate Peaking Plant </li></ul><ul><li>40MW capacity x 4 hours </li></ul><ul><li>Cost/kw: $1,900 </li></ul><ul><li>Eventual Peaking Plant </li></ul><ul><li>150MW capacity x 4 hours </li></ul><ul><li>Cost/kw: $1000 </li></ul>Business Model: Gravity Power will sell and construct turnkey power plants Price Assumption: Costs shown assume a 20% contingency and 15% profit
    8. 8. 150MW GPM
    9. 9. Peaking Plant <ul><li>8x150MW shown </li></ul><ul><li>4800MWh </li></ul><ul><li>On less than 3 acres </li></ul>150MW GPM
    10. 10. Shaft Excavation <ul><li>1. Use Abandoned Mineshafts 1st </li></ul><ul><li>2. Traditional Drill & Blast Construction </li></ul><ul><li>3. Shaft Reaming Machine (Robbins) </li></ul>The Robbins SRM
    11. 11. Pump-Turbine Gravity Power CFD Model <ul><li>Proven technology </li></ul><ul><li>Operates at fixed pressure in GPMs and thus its best efficiency point most of the time </li></ul><ul><li>Sits at ground level </li></ul><ul><li>Expert PhD pump-turbine engineer on staff, formerly of Hitachi </li></ul>
    12. 12. Company Milestones 2009 2010 2011 2012 2013 2014 Start-up GPM System Design B-Round Financing Complete Scale Prototype Commercial Demo
    13. 13. Early-Stage Target Markets <ul><li>Priority </li></ul><ul><li>Germany </li></ul><ul><li>Middle East </li></ul><ul><li>China </li></ul><ul><li>South Africa </li></ul><ul><li>United States </li></ul>
    14. 14. Team <ul><li>Tom Mason, CEO </li></ul><ul><ul><li>Former EVP of Calpine, Responsible for 92 power plants </li></ul></ul><ul><li>David Anthony, Board of Directors </li></ul><ul><ul><li>21Ventures/Quercus Trust, Portfolio of >40 cleantech companies </li></ul></ul><ul><li>Jim Fiske, Founder and CTO </li></ul><ul><ul><li>Serial Entrepreneur, R&D Engineer </li></ul></ul><ul><li>Chris Grieco, Executive VP </li></ul><ul><ul><li>Extensive experience in Renewable Energy </li></ul></ul><ul><li>Dr. Jingchun Wu, Chief Scientist </li></ul><ul><ul><li>PhD with experience in pump-turbine hydraulics </li></ul></ul>
    15. 15. Financial Projections ($000,000) 2011 2012 2013 2014 2015 Demo Country 0 5 1 0 Ancillary Unit Sales 0 0 0 0 Peaking Unit Sales 3 8 26 Revenue $0 $63 $134 $333 $1,423 Year-End Backlog $0 $208 $73 $2,689 $4,602
    16. 16. Funding Requirements <ul><li>Prior Funding: $3.5 million from Quercus Trust </li></ul><ul><li>Current Round: $5 - $10 million Series B </li></ul><ul><li>Use of Funds: </li></ul><ul><ul><li>Scale prototype </li></ul></ul><ul><ul><li>Business development </li></ul></ul><ul><ul><li>International IP </li></ul></ul><ul><li>Exit Strategy: Possible IPO or Acquisition </li></ul>
    17. 17. Tom Mason, CEO (925) 785-8825 [email_address]