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September 2010
To build and operate
cars for independent use whilst systematically pursuing
elimination of the environmental damage caused by personal transport”
“
Vision2020, Leicester, October 2010
To build and operate cars for independent use
whilst systematically pursuing the elimination of the environmental damage
caused by personal transport”
September 2010
To build and operate
cars for independent use whilst systematically pursuing
elimination of the environmental damage caused by personal transport”
“
The world is changing
Climate change
Peak oil
Business is facing a
converging funnel
of constraints
Energy security Regulatory
pressure
Resource
availability
Sink capacity of the
environment (ability to
assimilate CO )
Increasing
Decreasing
Global
demand
for
mobility
2
Eco
consumer
pressure
Population
Demand for mobility
continues to grow
2
Electric vehicles
A rare consensus is emerging - a shift from mechanical to electric
platforms is inevitable
Electric vehicles are not limited to battery power
Braking
Accelerating
Cruising
Recharging
Motor
Energy flows
Why hydrogen fuel cells?
Range
Battery Electric Vehicle (BEV)
Hydrogen Fuel Cell Vehicle (HFCV)
Internal Combustion Engine (ICE)
Hydrogen fuel cell
vehicles can be much
more efficient than
battery electric
vehicles over any
reasonable range
Hydrogen decouples both refuelling infrastructure and technology
from energy sources
Energy
efficiency
The transition from 100% brown to 100% green hydrogen can be
made incrementally, with no further investment
Why hydrogen fuel cells?
Range
Battery Electric Vehicle (BEV)
Hydrogen Fuel Cell Vehicle (HFCV)
Internal Combustion Engine (ICE)
Hydrogen fuel cell
vehicles can be much
more efficient than
battery electric
vehicles over any
reasonable range
Hydrogen decouples both refuelling infrastructure and technology
from energy sources
Energy
efficiency
The transition from 100% brown to 100% green hydrogen can be
made incrementally, with no further investment
Inflexibility of existing industry
model
38 mpg
38 mpg
1948
2008
VW Beetle
VW Beetle
The industry is very mature; both investments and value
networks are highly technology-specific
As a result, the industry can only
deliver incremental improvements;
focus on short term fixes rather
than structural flaws
September 2010
To build and operate
cars for independent use whilst systematically pursuing
elimination of the environmental damage caused by personal transport”
“
Riversimple's 7 point strategy
Supply
chain
40Fires
Infrastructure
Customers
5. Distributed
manufacturing
6. Open Source Design
2.Sale
of service, not cars
4. City by
citystrategy
3.Saleofserv
ice upstream 1. Network
electric car
7. Shared ownership
1. Network electric car
2. Sale of service, not cars
3. Sale of service upstream
4. City by city strategy
5. Distributed manufacturing
6. Open Source Design
7. Shared ownership
Network Electric
Platform technology
Power
electronics
Composite
structure
Ultra-
capacitors
6kW
fuel cell
Regenerative
braking
Electric
motor
Efficiency :
Weight : 370kg
380kmRange :
Emissions :
Power : 6kW fuel cell
31g CO /km
Well to wheel
1.
2
300mpg240 miles300mpg
240 miles
Sale of service, not cars2.
Selling miles travelled as a service,
rather than a car as a product
Profit maximised through low
running costs and longevity,
rather than high running costs
and obsolescence
Allows access to revenues
generated in secondhand
market
{Customer #1
{
{#2
#3
IIIIIIIIIIIIIIII
{
{
{#4
#5
Updates
#2
(re-leased)
Recycle
15 years
10
5
Revenue
Sale of service
upstream
Customer #1
IIIIIIIIIIIIIIII
Updates
Recycle
Supply
Chain
Recycle
15 years
10
5
Revenue
Revenue
{
{
{#2
#3
{
{
{#4
#5
#2
(re-leased)
3.
Aligns interests of
manufacturer and
suppliers
- a shared interest in
longevity and reliability
City by city infrastructure
strategy
4.
Illustrative map of national infrastructure
development
2012
2013
2014
Leicester
25
miles
Blackpool
Ipswich
Bristol
Swansea
Chester
Leeds
Gloucester
Sheffield
Newcastle
Maidstone
Hull
Nottingham
York
Norwich
Peterborough
Bournemouth
Middlesborough
Ludlow
& Hereford
2012
Why hydrogen fuel cells?
Range
Battery Electric Vehicle (BEV)
Hydrogen Fuel Cell Vehicle (HFCV)
Internal Combustion Engine (ICE)
Hydrogen fuel cell
vehicles can be much
more efficient than
battery electric
vehicles over any
reasonable range
Hydrogen decouples both refuelling infrastructure and technology
from energy sources
Energy
efficiency
The transition from 100% brown to 100% green hydrogen can be
made incrementally, with no further investment
September 2010
To build and operate
cars for independent use whilst systematically pursuing
elimination of the environmental damage caused by personal transport”
“
Vision2020, Leicester, October 2010
To build and operate cars for independent use
whilst systematically pursuing the elimination of the environmental damage
caused by personal transport”
Distributed small
scale manufacturing
5.
The optimal scale of production
facility will produce 3-5,000
vehicles p.a
Human scale plants will generate
high quality employment for c. 200
people
Low fixed costs gives greater
resilience in fluctuating economic
circumstances
Illustrative map of distribution of plants
Production
plant
6. Open source design
We are adopting an open intellectual property model, based on
that used in open source software
The principal source of
margin in the auto sector is
through brand value rather
than IP
Customers
Riversimple
40Fires design foundation
Delivers open source
designs
Tailored designs for local
markets
Supply
chain
Other
manufacturers
Licence designs from 40Fires
Cooperate AND compete
Global design community
Contributes expertise to
40Fires designs
No constraints on
innovation
Only design criterion is
absolute excellence
Open source is not about
cheap design but about
delivering an absolute driver
of excellence
September 2010
To build and operate
cars for independent use whilst systematically pursuing
elimination of the environmental damage caused by personal transport”
“
Vision2020, Leicester, October 2010
To build and operate cars for independent use
whilst systematically pursuing the elimination of the environmental damage
caused by personal transport”
Shared ownership7.
Success is built on the
goodwill of all stakeholders
Yet conventional structures
prioritise the interests of one
stakeholder group over all others
Fiduciary responsibility "to balance
and protect all benefit streams"
This is not altruistic, just a
better way of doing business
Regulatory
pressure
Resource
availability
Sink capacity of the
environment (ability to
assimilate CO )
Increasing
Decreasing
Global
demand
for
mobility
Eco
consumer
pressure
Population
The benefit of Riversimple’s
7 point strategy
2
Development timetable
Demonstrator
vehicle launched at
Somerset House
10 prototype
vehicles built
Test
programme
complete
60 pilot
production
vehicles built
Pilot trial of 50
vehicles run in 2
locations
Local vehicles
in serial
production
Development
of 4 seater
Testing and
certification
of 4 seater
4 seater in
serial
production
2001
2003
2005
2007
2009 Riversimple LLP
formed, investment
agreed with the Piëch
family
Bid to
Technology
Strategy Board
for funding
LIFECar research
project
LIFECar
unveiled at
Geneva Motor
Show
LIFECar project starts,
grant awarded by BOC
Foundation
2017
2013
2015
2011
Concept development
Why hydrogen fuel cells?
Range
Battery Electric Vehicle (BEV)
Hydrogen Fuel Cell Vehicle (HFCV)
Internal Combustion Engine (ICE)
Hydrogen fuel cell
vehicles can be much
more efficient than
battery electric
vehicles over any
reasonable range
Hydrogen decouples both refuelling infrastructure and technology
from energy sources
Energy
efficiency
The transition from 100% brown to 100% green hydrogen can be
made incrementally, with no further investment

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Aidan Lane: The sky is the limit (Green Walls)

  • 1. September 2010 To build and operate cars for independent use whilst systematically pursuing elimination of the environmental damage caused by personal transport” “ Vision2020, Leicester, October 2010 To build and operate cars for independent use whilst systematically pursuing the elimination of the environmental damage caused by personal transport”
  • 2. September 2010 To build and operate cars for independent use whilst systematically pursuing elimination of the environmental damage caused by personal transport” “ The world is changing Climate change Peak oil Business is facing a converging funnel of constraints Energy security Regulatory pressure Resource availability Sink capacity of the environment (ability to assimilate CO ) Increasing Decreasing Global demand for mobility 2 Eco consumer pressure Population Demand for mobility continues to grow 2
  • 3. Electric vehicles A rare consensus is emerging - a shift from mechanical to electric platforms is inevitable Electric vehicles are not limited to battery power Braking Accelerating Cruising Recharging Motor Energy flows
  • 4. Why hydrogen fuel cells? Range Battery Electric Vehicle (BEV) Hydrogen Fuel Cell Vehicle (HFCV) Internal Combustion Engine (ICE) Hydrogen fuel cell vehicles can be much more efficient than battery electric vehicles over any reasonable range Hydrogen decouples both refuelling infrastructure and technology from energy sources Energy efficiency The transition from 100% brown to 100% green hydrogen can be made incrementally, with no further investment
  • 5. Why hydrogen fuel cells? Range Battery Electric Vehicle (BEV) Hydrogen Fuel Cell Vehicle (HFCV) Internal Combustion Engine (ICE) Hydrogen fuel cell vehicles can be much more efficient than battery electric vehicles over any reasonable range Hydrogen decouples both refuelling infrastructure and technology from energy sources Energy efficiency The transition from 100% brown to 100% green hydrogen can be made incrementally, with no further investment
  • 6. Inflexibility of existing industry model 38 mpg 38 mpg 1948 2008 VW Beetle VW Beetle The industry is very mature; both investments and value networks are highly technology-specific As a result, the industry can only deliver incremental improvements; focus on short term fixes rather than structural flaws
  • 7. September 2010 To build and operate cars for independent use whilst systematically pursuing elimination of the environmental damage caused by personal transport” “ Riversimple's 7 point strategy Supply chain 40Fires Infrastructure Customers 5. Distributed manufacturing 6. Open Source Design 2.Sale of service, not cars 4. City by citystrategy 3.Saleofserv ice upstream 1. Network electric car 7. Shared ownership 1. Network electric car 2. Sale of service, not cars 3. Sale of service upstream 4. City by city strategy 5. Distributed manufacturing 6. Open Source Design 7. Shared ownership
  • 8. Network Electric Platform technology Power electronics Composite structure Ultra- capacitors 6kW fuel cell Regenerative braking Electric motor Efficiency : Weight : 370kg 380kmRange : Emissions : Power : 6kW fuel cell 31g CO /km Well to wheel 1. 2 300mpg240 miles300mpg 240 miles
  • 9. Sale of service, not cars2. Selling miles travelled as a service, rather than a car as a product Profit maximised through low running costs and longevity, rather than high running costs and obsolescence Allows access to revenues generated in secondhand market {Customer #1 { {#2 #3 IIIIIIIIIIIIIIII { { {#4 #5 Updates #2 (re-leased) Recycle 15 years 10 5 Revenue
  • 10. Sale of service upstream Customer #1 IIIIIIIIIIIIIIII Updates Recycle Supply Chain Recycle 15 years 10 5 Revenue Revenue { { {#2 #3 { { {#4 #5 #2 (re-leased) 3. Aligns interests of manufacturer and suppliers - a shared interest in longevity and reliability
  • 11. City by city infrastructure strategy 4. Illustrative map of national infrastructure development 2012 2013 2014 Leicester 25 miles Blackpool Ipswich Bristol Swansea Chester Leeds Gloucester Sheffield Newcastle Maidstone Hull Nottingham York Norwich Peterborough Bournemouth Middlesborough Ludlow & Hereford 2012
  • 12. Why hydrogen fuel cells? Range Battery Electric Vehicle (BEV) Hydrogen Fuel Cell Vehicle (HFCV) Internal Combustion Engine (ICE) Hydrogen fuel cell vehicles can be much more efficient than battery electric vehicles over any reasonable range Hydrogen decouples both refuelling infrastructure and technology from energy sources Energy efficiency The transition from 100% brown to 100% green hydrogen can be made incrementally, with no further investment
  • 13. September 2010 To build and operate cars for independent use whilst systematically pursuing elimination of the environmental damage caused by personal transport” “ Vision2020, Leicester, October 2010 To build and operate cars for independent use whilst systematically pursuing the elimination of the environmental damage caused by personal transport” Distributed small scale manufacturing 5. The optimal scale of production facility will produce 3-5,000 vehicles p.a Human scale plants will generate high quality employment for c. 200 people Low fixed costs gives greater resilience in fluctuating economic circumstances Illustrative map of distribution of plants Production plant
  • 14. 6. Open source design We are adopting an open intellectual property model, based on that used in open source software The principal source of margin in the auto sector is through brand value rather than IP Customers Riversimple 40Fires design foundation Delivers open source designs Tailored designs for local markets Supply chain Other manufacturers Licence designs from 40Fires Cooperate AND compete Global design community Contributes expertise to 40Fires designs No constraints on innovation Only design criterion is absolute excellence Open source is not about cheap design but about delivering an absolute driver of excellence
  • 15. September 2010 To build and operate cars for independent use whilst systematically pursuing elimination of the environmental damage caused by personal transport” “ Vision2020, Leicester, October 2010 To build and operate cars for independent use whilst systematically pursuing the elimination of the environmental damage caused by personal transport” Shared ownership7. Success is built on the goodwill of all stakeholders Yet conventional structures prioritise the interests of one stakeholder group over all others Fiduciary responsibility "to balance and protect all benefit streams" This is not altruistic, just a better way of doing business
  • 16. Regulatory pressure Resource availability Sink capacity of the environment (ability to assimilate CO ) Increasing Decreasing Global demand for mobility Eco consumer pressure Population The benefit of Riversimple’s 7 point strategy 2
  • 17. Development timetable Demonstrator vehicle launched at Somerset House 10 prototype vehicles built Test programme complete 60 pilot production vehicles built Pilot trial of 50 vehicles run in 2 locations Local vehicles in serial production Development of 4 seater Testing and certification of 4 seater 4 seater in serial production 2001 2003 2005 2007 2009 Riversimple LLP formed, investment agreed with the Piëch family Bid to Technology Strategy Board for funding LIFECar research project LIFECar unveiled at Geneva Motor Show LIFECar project starts, grant awarded by BOC Foundation 2017 2013 2015 2011 Concept development
  • 18. Why hydrogen fuel cells? Range Battery Electric Vehicle (BEV) Hydrogen Fuel Cell Vehicle (HFCV) Internal Combustion Engine (ICE) Hydrogen fuel cell vehicles can be much more efficient than battery electric vehicles over any reasonable range Hydrogen decouples both refuelling infrastructure and technology from energy sources Energy efficiency The transition from 100% brown to 100% green hydrogen can be made incrementally, with no further investment