The document provides an overview of a fuel cell company. It discusses the company's global manufacturing footprint, project development capabilities over 300 MW installed, and its integrated fuel cell solutions. The company aims to provide clean, efficient, and reliable distributed power generation globally to address power challenges. It sees a sizable $12 billion market opportunity and has partnerships in place to accelerate market adoption.
From EU Project to Market Enabler: Creating the Marketplace for Sustainable E...Leonardo ENERGY
Developed under SEAF H2020 (Sustainable Energy Asset Framework), a European Commission funded project led by Joule Assets Europe that ran from 2016 to 2018, eQuad is a holistic online platform and set of services created to bridge the gap between Sustainable Energy Asset (SEA) projects and financiers, catalysing market growth in Europe. Since its commercial launch in May 2018, over €160 million of SEA projects from 5 countries have been submitted to eQuad. Joule has now gone through multiple cycles of processing projects and matching them to investors.
This webinar will therefore challenge Joule’s original hypothesis of the “finance gap” against real market experience post launch of the eQuad platform.
Light and heat from the sun is the most abundant energy source on earth.The solar energy that hits our planet’s surface in one hour is about equal to the amount of energy consumed by all human activities in a year. Moreover, electricity generated by solar power is emission-free and can help mitigate climate change as well as reduce our dependence on finite carbon-based energy sources.
ABB offers a range of solutions that not just help capture the sun’s rays in the most effective manner but also help achieve grid parity.
Engage with...Electrification of the AgriFood SectorKTN
To achieve UK’s net zero ambitious there is a requirement for the Agriculture and Food (AgriFood) sector to move to cleaner technologies. This includes the UK Government investing £80m in electrification technologies through the Driving the Electric Revolution Challenge.
From July to August 2021, KTN consulted its AgriFood networks to identify opportunities and challenges related to the adoption and the implementation of Power Electronics, Electric Machines and Drives (PEMD) in the AgriFood Sector.
Recorded on 7 October 2021, this webinar highlights the outcomes of this consultation with a broad range of stakeholders from farmers to construction and agricultural machinery companies who represent 34 organisations. KTN's Agri team also explore the obstacles and opportunities to the adoption of PEMD in the Agricultural sector.
From EU Project to Market Enabler: Creating the Marketplace for Sustainable E...Leonardo ENERGY
Developed under SEAF H2020 (Sustainable Energy Asset Framework), a European Commission funded project led by Joule Assets Europe that ran from 2016 to 2018, eQuad is a holistic online platform and set of services created to bridge the gap between Sustainable Energy Asset (SEA) projects and financiers, catalysing market growth in Europe. Since its commercial launch in May 2018, over €160 million of SEA projects from 5 countries have been submitted to eQuad. Joule has now gone through multiple cycles of processing projects and matching them to investors.
This webinar will therefore challenge Joule’s original hypothesis of the “finance gap” against real market experience post launch of the eQuad platform.
Light and heat from the sun is the most abundant energy source on earth.The solar energy that hits our planet’s surface in one hour is about equal to the amount of energy consumed by all human activities in a year. Moreover, electricity generated by solar power is emission-free and can help mitigate climate change as well as reduce our dependence on finite carbon-based energy sources.
ABB offers a range of solutions that not just help capture the sun’s rays in the most effective manner but also help achieve grid parity.
Engage with...Electrification of the AgriFood SectorKTN
To achieve UK’s net zero ambitious there is a requirement for the Agriculture and Food (AgriFood) sector to move to cleaner technologies. This includes the UK Government investing £80m in electrification technologies through the Driving the Electric Revolution Challenge.
From July to August 2021, KTN consulted its AgriFood networks to identify opportunities and challenges related to the adoption and the implementation of Power Electronics, Electric Machines and Drives (PEMD) in the AgriFood Sector.
Recorded on 7 October 2021, this webinar highlights the outcomes of this consultation with a broad range of stakeholders from farmers to construction and agricultural machinery companies who represent 34 organisations. KTN's Agri team also explore the obstacles and opportunities to the adoption of PEMD in the Agricultural sector.
• Mega opportunities in P2G and Hydrogen Battery are finally becoming a reality
• New fuel cell companies get spun-off, formed, and funded regularly
• Customers are showing greater comfort with technology through repeat purchases (Verizon and BMW)
• Industry still requires considerable support from regulators in the form of grants, project funding, etc.
• Partnerships and alliances seem to be key for smaller companies to gain global commercial traction
• Starting to see more “marriages” of “project management” companies with “fuel cell” OEMs
• Business models shifting to a service oriented “per unit” sale of hydrogen / power on a turnkey basis
• Requires deeper pockets and cheapest cost of financing
Kurt will demonstrate how Umicore is widening the gap in xEV battery materials by harnessing product and process technology leadership and its unique position in the supply chain.
Umicore Capital Markets Day 2015 : Energy & Surface Technologies | Rechargeab...Umicore
Find out about the new business group Energy & Surface Technologies and explore in more detail the exciting opportunities for Umicore in cathode materials for Li-ion batteries.
Piedmont Lithium Limited (Nasdaq: PLL) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between the 1950s and the 1980s. The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina. It is a premier location for development of an integrated lithium business based on its favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities. Compared to Australian- and Canadian-based projects, North Carolina offers a significantly lower-cost operating environment (labor, power/gas/diesel, transport), which is further boosted by the absence of government royalties and a low tax rate environment. Lithium is on the US Government’s Critical Minerals list, giving the project significant strategic value as being the only conventional US lithium development project.
Presentation by Lori Bird, World Resources Institute
EUCI Conference "Utility Green Tariffs A – Z: Keys to Structuring Long-Term Renewable Contracts Directly with Utilities"
Denver, Colorado
September 13, 2019
Cummins is a global power leader that designs, manufactures, sells and services diesel and alternative fuel engines, diesel and alternative-fuelled electrical generator sets, Electrified powertrains as well as related components and technology. It serves its customers through a network of 600 company-owned and independent distributor facilities and more than 7,200 dealer locations in over 190 countries and territories.
During this webinar, recorded on 23rd September 2021, the Cummins team share more about what they are doing to expand Cummins' electrification strategy, develop PEMD supply chains with a view of exploring future opportunities for business and collaborations.
This is part of the Driving the Electric Revolution Engage with... weekly webinar series. To find out more, visit the KTN website: https://ktn-uk.org/news/driving-the-electric-revolution-webinar-series/
The ScottMadden Energy Industry Update – August 2014ScottMadden, Inc.
We are pleased to announce our Summer 2014 issue of the ScottMadden Energy Industry Update. This semi-annual publication offers our view of major events and emerging trends in the energy industry.
The energy and utility industries continue to anticipate and react to potential fundamental shifts in the 100+ year-old model of investment, regulation, and earnings. Policy and regulatory changes are big factors driving the design of the new landscape. For many of these changes, significant investment in existing and new infrastructure is needed across all parts of the energy value chain. And by the way, load growth is no longer, so investment and cost recovery are uncertain. Themed “I Feel the Earth Move under My Feet,” this issue surveys a broad array of strategic issues.
For more information, please visit www.scottmadden.com.
This study offers an overview of the technologies for hydrogen production especially alkaline water electrolysis using solar energy. Solar Energy and Hydrogen (energy carrier) are possible replacement options for fossil fuel and its associated problems of availability and high prices which are devastating small, developing, oil-importing economies. But a major drawback to the full implementation of solar energy, in particular photovoltaic (PV), is the lowering of conversion efficiency of PV cells due to elevated cell temperatures while in operation. Also, hydrogen as an energy carrier must be produced in gaseous or liquid form before it can be used as fuel; but its‟ present major conversion process produces an abundance of carbon dioxide which is harming the environment through global warming. Alkaline water electrolysis is considered to be a basic technique for hydrogen production. In the present study, the effects of electrolyte concentration, solar insolation and space between the pair of electrodes on the amount of hydrogen produced and consequently on the overall electrolysis efficiency are experimentally investigated. The water electrolysis of potassium hydroxide aqueous solution was conducted under atmospheric pressure using stainless steel 316 as electrodes.
The experimental results showed that the performance of alkaline water electrolysis unit is dominated by operational parameters like the electrolyte concentration and the gap between the electrodes. Smaller gaps between the pair of electrodes and was demonstrated to produce higher rates of hydrogen at higher system efficiency
This study shows some attempts to product pure Hydrogen and pure Oxygen as both Hydrogen and Oxygen have there commercial demands.
4th Energy Wave Fuel Cell and Hydrogen Annual Review, 2016Kerry-Ann Adamson
The 4th Energy Wave Fuel Cell and Hydrogen Annual Review is the continuation of the Fuel Cell Annual Review report from Fuel Cell Today, started by Dr. Kerry-Ann Adamson and her team in 2008. The dataset combines both historical data from FCT and fresh data collected and collated by 4th Energy Wave.
This year’s Review marks the 9th such annual publication, and the 3rd from the independent analyst and strategist house 4th Energy Wave.
The Review focuses on quantifying and discussing trends and opportunities in the fuel cell, and increasingly hydrogen, sectors. The outlook is global, and covers all the different markets which fuel cells are increasingly penetrating.
The Review is an independent publication.
• Mega opportunities in P2G and Hydrogen Battery are finally becoming a reality
• New fuel cell companies get spun-off, formed, and funded regularly
• Customers are showing greater comfort with technology through repeat purchases (Verizon and BMW)
• Industry still requires considerable support from regulators in the form of grants, project funding, etc.
• Partnerships and alliances seem to be key for smaller companies to gain global commercial traction
• Starting to see more “marriages” of “project management” companies with “fuel cell” OEMs
• Business models shifting to a service oriented “per unit” sale of hydrogen / power on a turnkey basis
• Requires deeper pockets and cheapest cost of financing
Kurt will demonstrate how Umicore is widening the gap in xEV battery materials by harnessing product and process technology leadership and its unique position in the supply chain.
Umicore Capital Markets Day 2015 : Energy & Surface Technologies | Rechargeab...Umicore
Find out about the new business group Energy & Surface Technologies and explore in more detail the exciting opportunities for Umicore in cathode materials for Li-ion batteries.
Piedmont Lithium Limited (Nasdaq: PLL) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between the 1950s and the 1980s. The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina. It is a premier location for development of an integrated lithium business based on its favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities. Compared to Australian- and Canadian-based projects, North Carolina offers a significantly lower-cost operating environment (labor, power/gas/diesel, transport), which is further boosted by the absence of government royalties and a low tax rate environment. Lithium is on the US Government’s Critical Minerals list, giving the project significant strategic value as being the only conventional US lithium development project.
Presentation by Lori Bird, World Resources Institute
EUCI Conference "Utility Green Tariffs A – Z: Keys to Structuring Long-Term Renewable Contracts Directly with Utilities"
Denver, Colorado
September 13, 2019
Cummins is a global power leader that designs, manufactures, sells and services diesel and alternative fuel engines, diesel and alternative-fuelled electrical generator sets, Electrified powertrains as well as related components and technology. It serves its customers through a network of 600 company-owned and independent distributor facilities and more than 7,200 dealer locations in over 190 countries and territories.
During this webinar, recorded on 23rd September 2021, the Cummins team share more about what they are doing to expand Cummins' electrification strategy, develop PEMD supply chains with a view of exploring future opportunities for business and collaborations.
This is part of the Driving the Electric Revolution Engage with... weekly webinar series. To find out more, visit the KTN website: https://ktn-uk.org/news/driving-the-electric-revolution-webinar-series/
The ScottMadden Energy Industry Update – August 2014ScottMadden, Inc.
We are pleased to announce our Summer 2014 issue of the ScottMadden Energy Industry Update. This semi-annual publication offers our view of major events and emerging trends in the energy industry.
The energy and utility industries continue to anticipate and react to potential fundamental shifts in the 100+ year-old model of investment, regulation, and earnings. Policy and regulatory changes are big factors driving the design of the new landscape. For many of these changes, significant investment in existing and new infrastructure is needed across all parts of the energy value chain. And by the way, load growth is no longer, so investment and cost recovery are uncertain. Themed “I Feel the Earth Move under My Feet,” this issue surveys a broad array of strategic issues.
For more information, please visit www.scottmadden.com.
This study offers an overview of the technologies for hydrogen production especially alkaline water electrolysis using solar energy. Solar Energy and Hydrogen (energy carrier) are possible replacement options for fossil fuel and its associated problems of availability and high prices which are devastating small, developing, oil-importing economies. But a major drawback to the full implementation of solar energy, in particular photovoltaic (PV), is the lowering of conversion efficiency of PV cells due to elevated cell temperatures while in operation. Also, hydrogen as an energy carrier must be produced in gaseous or liquid form before it can be used as fuel; but its‟ present major conversion process produces an abundance of carbon dioxide which is harming the environment through global warming. Alkaline water electrolysis is considered to be a basic technique for hydrogen production. In the present study, the effects of electrolyte concentration, solar insolation and space between the pair of electrodes on the amount of hydrogen produced and consequently on the overall electrolysis efficiency are experimentally investigated. The water electrolysis of potassium hydroxide aqueous solution was conducted under atmospheric pressure using stainless steel 316 as electrodes.
The experimental results showed that the performance of alkaline water electrolysis unit is dominated by operational parameters like the electrolyte concentration and the gap between the electrodes. Smaller gaps between the pair of electrodes and was demonstrated to produce higher rates of hydrogen at higher system efficiency
This study shows some attempts to product pure Hydrogen and pure Oxygen as both Hydrogen and Oxygen have there commercial demands.
4th Energy Wave Fuel Cell and Hydrogen Annual Review, 2016Kerry-Ann Adamson
The 4th Energy Wave Fuel Cell and Hydrogen Annual Review is the continuation of the Fuel Cell Annual Review report from Fuel Cell Today, started by Dr. Kerry-Ann Adamson and her team in 2008. The dataset combines both historical data from FCT and fresh data collected and collated by 4th Energy Wave.
This year’s Review marks the 9th such annual publication, and the 3rd from the independent analyst and strategist house 4th Energy Wave.
The Review focuses on quantifying and discussing trends and opportunities in the fuel cell, and increasingly hydrogen, sectors. The outlook is global, and covers all the different markets which fuel cells are increasingly penetrating.
The Review is an independent publication.
nanotechnology has entered the sphere of water treatment processes. Many different types of nanomaterial’s are being evaluated and also being used in water treatment process.
Desalination is a key market area. Vast majority of worlds water is salt water, and though technology has existed for years that enables the desalination of ocean water, it is often a very energy intensive procedure and therefore expensive
this is the representation of hydrogen fuel. In this presentation we showed how hydrogen is useful for future consumption of fuel. We know that in the future the non-renewable sources of energy will be extincted so we have to concentrate on conventional sources of energy like solar energy energy, nuclear energy, hydrogen fuel. Because hydrogen is highly combustible and produce large of energy so we consider to use hydrogen fuel in future aspect
Paul Hamilton, Schneider Electric: Lean and Clean: Equipping Modern Manufactu...guest3e1229f
On Friday, March 19, Alliance staff and industry experts discussed energy efficiency's role in reducing greenhouse gas emissions in the industrial sector.
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On Friday, March 19, Alliance staff and industry experts discussed energy efficiency's role in reducing greenhouse gas emissions in the industrial sector. http://ase.org/content/article/detail/6517
The ScottMadden Energy Industry Update, the twice-per-year report issued by energy consulting firm ScottMadden. This particular edition takes a close look at the natural gas industry--in particular how ever-increasing gas resources can find adequate infrastructure to make their way to market.
Forward-looking cities, companies and institutions have begun to embrace 24/7 carbon-free energy procurement—tracking their energy load temporally, shifting their demand, and purchasing carbon-free energy on an hourly basis to match their usage.
This slide deck provides an introduction to the idea of hourly matching and 24/7 carbon-free energy procurement. It addresses questions such as: What is 24/7 carbon-free energy? Why should a city, company, or other institution pursue it? And how can your jurisdiction begin to explore it?
This corporate presentation provides an overview of Thermal Energy International's (TSX-V: TMG) financial summary from 2015 to the last twelve months (LTM) of fiscal year 2021 Q1. It also looks at TEI's investment highlights, energy-saving and carbon emission reduction products and solutions, and recent progress. For more information, visit http://www.thermalenergy.com/investors.html
Small Power Generation Plant solution (SPGP) continues to be an important segment of Electrical Energy production. The increasing demand for energy has to be satisfied while considering the impact on the global environment. SPGP plays an important role in industrial applications. Small size cogeneration plants sited close to industrial energy consumption can deliver power with high fuel efficiency and low emissions, and with modest space requirements. CRDenergy can offer to its customers complete solutions from feasibility studies to the actual turnkey cogeneration plant construction, aftermarket services and customized financial solutions. We are using oil and gas industrial port city Port Harcourt city (PH) in Nigeria, African largest economy as a case study, with its complexity, it reflects the shortage of power or barriers and opportunity encountered in every growing economy . Avoiding the structural complexity of building large scale power plant; SPGP offers a flexible, realiable, close to consumer option that can be multipled in multiple units and easily transformed to negbourhood service station in industrial hubs.
2. Safe Harbor Statement
2
This presentation contains forward-looking statements, including statements
regarding the Company's plans and expectations regarding the development
and commercialization of fuel cell technology. All forward-looking statements
are subject to risks and uncertainties that could cause actual results to differ
materially from those projected. The forward-looking statements speak only
as of the date of this presentation. The Company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any
such statements to reflect any change in the Company's expectations or any
change in events, conditions or circumstances on which any such
statements are based. The Company may refer to non-GAAP (generally
accepted accounting principles) financial measures in this presentation. The
Company believes that this information is useful to understanding its
operating results and the ongoing performance of its underlying business.
3. EPC*
Project
Development
and Project
Finance,
Engineering &
Construction
Over 300
megawatts
installed and in
backlog
* Engineering, Procurement &
Construction
Manufacture
Global
manufacturing
footprint
• North America
• Europe
• Asia via partner
Design
Megawatt–
class
distributed
power
generation
solutions
Integrated Fuel Cell Company
3
Services
Operate &
maintain power
plants
• Over 100 DFC®
plants
operating at
more than 50
sites globally
• Two billion
kWh ultra-clean
power
produced
Sales
Direct &
via Partners
Installations &
orders
in 9 countries
Providing turn-key distributed power generation solutions
that meet both economic and sustainability goals
4. Positioned for Global Growth
Ultra-Clean distributed generation addresses global power challenges
• Approaching Grid Parity: Attractive ROI
• Distributed Generation: On-site power easy to site, permit and construct; short-lead-time
• MW-class Base Load Power: Complements intermittent solar/wind
• Fuel Flexible: Clean natural gas, renewable biogas, directed biogas or propane
Global production capacity adequate for profitability & below-grid pricing
• North America: 100 MW annual capacity,
70/80 MW EBITDA breakeven
• Asia: 100 MW initial capacity,
sized for 200 MW
• Europe: Supports European content
and market entry
Market and business model validation
• Fuel Cell Parks: 15 MW in U.S., 59 MW in South Korea (world’s largest)
• Strong Global Partners: Accelerates market adoption
o POSCO Energy: Asia, Fraunhofer IKTS: Europe, Dominion/NRG: North America
• Growing Pipeline: Revenue diversity and strengthening margins
• Competitive Advantage: Low cost and versatile technology
4
North America:
Asia:
Europe:
5. Sizable Market Opportunity
5
$12 billion market opportunity for power plants and services
Renewable Biogas
• $2 billion mid-term
market opportunity for
power plants
• $2 billion services
opportunity
1. Wastewater
2. Food & Beverage Processing
3. Agriculture
4. Landfill Gas
Clean Natural Gas
• $4 billion mid-term market
opportunity for power plants
• $4 billion services opportunity
1. Electric Utilities & IPPs
2. Education & Healthcare
3. Gas Transmission
4. Industrial
5. Commercial & Hospitality
6. Government
7. Oil Production & Refining
7. Project sizes 1.4 – 11.2 MW
• High efficiency drives savings
• Virtual lack of pollutants benefits public
health
• CHP reduces costs, supports
sustainability and carbon reduction
• Supports energy security/reliability
(micro-grid)
Project Sizes 5.6 – 60 MW
• Cost effective power generation
when/where needed (i.e. sub-stations)
• Enhances grid resiliency/reduces grid
congestion
• Supports renewable portfolio standards
• Supports economic development
Create and develop utility PPAs
• Partners
• Utility/State RFPs
Project development
• Regulatory, land/site access,
interconnection
Build projects which follow disciplined
milestones and sell or utilize tax equity
financing at COD
7
Customer Operating Models
Direct Sale to End-Users
• Product Sale/EPC/Service
Long term Power Purchase Agreements
• Partner ownership
• Tax equity financing structure:
o Debt at 50%
o Tax Equity 30-35%
o Partner or FCE Ownership 15-20%
On-site Power (Behind the Meter) Electric Grid Support
FCE Approach to Market FCE Approach to Market
8. Type: 14.9 MW fuel cell park
Owner: Utility owned
DOC: Dec-2013
Type: 1.4 MW CHP
Owner: Project investor
DOC: Jan-2012
8
High efficiency drives savings
CHP for heating and absorption
chilling
Ultra-clean emission profile supports
sustainability goals
Micro-grid enhances energy security
Private capital providing public
benefits
CHP savings for university
Enhanced grid resiliency for utility
owner
Improved air quality – easy
permitting and removes future
clean air compliance concerns
Power sold to grid
Improved power reliability from
distributed generation
Renewable baseload power
Easy to site – clean, quiet,
vibration free with modest
footprint
Installation Examples
“CCSU’s power costs will be
reduced annually by more than
$100,000 -- a savings for both the
university and Connecticut
taxpayers”
Jack Miller, President, Central
Connecticut State University
“The Dominion Bridgeport Fuel Cell
Park is another important step in our
efforts to identify and develop
opportunities to produce clean
energy that is reliable and cost
effective"
Thomas F. Farrell II, Chairman,
President and Chief Executive Officer,
Dominion
“Electricity generated by the fuel cell
is going straight into the Edison grid,
and the university will be able to
utilize the waste heat…resulting in
an estimated annual savings of
$120,000 from avoided natural gas
costs”
Tony Simpson, Senior Director of
facilities services, CSU-San Bernardino
Type: 1.4 MW CHP
Owner: Utility owned
DOC: July-2013
9. Foundation
POSCO 122 MW multi-
year order
14.9 MW Bridgeport Fuel
Cell Park developed and
sold to Dominion
Key global initiatives:
• POSCO licensing
agreement leads to
multiple revenue
streams
• POSCO to build local
manufacturing for
second source of
supply
• European presence
established utilizing
asset-light model/
partner with Fraunhofer
Strategic Execution
9
Growth and Margin
Expansion
Increased production
levels and mix, leading to
expanding margins
Convertible bond
issuance supports
working capital investment
and capacity ramp
Validation from completing
BFCP on schedule to
meet ITC deadline
NRG agreement
North America capacity
expansion – 11% from
process improvements
2 billion kWh achieved
Growth and
EBITDA breakeven
Multi-MW order flow in
2014
Continued margin
expansion
Capture growing utility
opportunities:
• Bridgeport validation
• Project financing
availability
• Development capability
Grow pipeline size and
order closure volume
POSCO 100 MW plant
under construction &
coordinating global supply
chain
201420132012
10. Business Activity Overview
10
Pipeline > 220 MW
Services pipeline
incremental
Plus: Targeting
multiple megawatts in
2014 from NRG
agreement
Plus: Targeting bidding
> 100 MW into utility
opportunities in 2014
Pipeline > 300 MW
Services pipeline
incremental
Recent orders include
20 MW and 40 MW
fuel cell parks
Possible RPS
expansion to include
large power users
Building applications
Pipeline > 90 MW
Showcase references
established
North America
Direct & Partners
Europe
Direct & Partners
Asia
Royalty Model
Expanding
geographies
Distributed hydrogen
SOFC applications
Carbon capture
New Markets
11. Flue gas from coal-fired power
plants directed to DFC® plant for
CO2 separation
Programs with U.S. DOE and
U.S. EPA
Partner discussions in process
SOFC propulsion system for
unmanned submersible under
U.S. Navy program
Unmanned aerial powered by
SOFC combined with storage
under contract with Boeing
Lowers the cost of Hydrogen for Industrial and Refueling applications
Multi year operation of facility within CA WWT plant: hydrogen, electricity and heat
Advanced electrochemical purification and compression systems under development
MW scale plants under discussion with global partners
Versatile
carbonate
technology
44 MW
System
11
Further Growth Opportunities
Leading SOFC
technology
Target sub-MW
applications adjacent
to carbonate market
CHP capability
Fuel flexible: on-site and directed
biogas
Global partner discussions in
process
Investments Double Market Opportunity
Distributed Hydrogen (MCFC)
Carbon Capture (MCFC)
Mobile (SOFC) and
Storage Applications
Sub-MW (SOFC)
Applications
12. $0
$2,500
$5,000
$7,500
$10,000
2003 2007 current mid-term
12
Financial Highlights
USD in millionsUSD in millions
USD in millions
Revenue Gross Profit
Revenue Backlog Product Cost per kW
-$20
-$10
$0
$10
2010 2011 2012 2013 LTM - Q1
2014
$0
$100
$200
2010 2011 2012 2013 LTM - Q1
2014
$0
$200
$400
2010 2011 2012 2013 Q1 2014
Product Services Advanced technology
13. Foundation for Profitable Growth
Efficient and clean distributed generation solution meeting
market needs
Clear path to profitability with committed order backlog and
growing global market adoption
Volume will enable below-grid pricing, without incentives
– Needed capacity already in place or under construction
59 MW fuel cell park
Hwasung City, South Korea
13
Strong Global Partnerships
– Partners helping to drive
– market demand and
contribute
– to FCE margin
improvement
Well capitalized to support
growth
15. FuelCell
Energy
2.8 MW
Wind
100 MW
$0.14 - $0.15(a)
$0.09 - $0.11(b)
Competitive LCOE - USA
$/kWh
Unsubsidized Levelized
Cost of Energy
CT Baseload Power $0.14
CA Baseload Power $0.12
(d)
Distributed
Solar PV(c)
10 MW
Combined
Cycle
550 MW
Nuclear
1,100 MW
Coal
600 MW
Intermittent Renewable Generation
Utility
Solar
PV(c)
10 MW
Central Generation(f)
(a) LCOE of $0.15/kWh with natural gas at $8/mmBtu or $0.14.kWh at $6/mmBtu; each $2/mmBtu change equates to about $0.01/kWh.
Subsidized price range of $0.10-$0.12 includes 30% ITC and state-level incentive of $1,000/kW
(b) Mid-term LCOE target of $0.09-$0.11/kWh based on global production volume of approximately 210 MW annually.
(c) Distributed solar based on rooftop installation in SW USA with 20-23% capacity factor; Utility solar based on tracking technology and 27-28% capacity.
(d) Installation and maintenance cost of Transmission & Distribution (T&D) is estimated to add up to $0.024/kWh.
(e) Gas peaking addresses intermittency of solar and wind when power is required but sun not shining/wind not blowing.
(f) Does not include waste disposal costs, incremental emission clean-up costs or nuclear-related security costs.
Source: Company estimates, Lazard’s Levelized Cost of Energy Analysis—Version 7.0 , U.S. Energy Information Administration (EIA) & Oak Ridge National Lab.
Gas(e)
Peaking
100-200 MW
15
$0.10 –
$0.12(a)