Post on 20-Jan-2017
Revolutionary energy recovery and storage
ENERGY STORAGE HAS NEVER BEEN SUCH A ‘BIG DEAL’…UNTIL NOW
BLOOMBERG NEW ENERGY FINANCE 2016
*SOURCE: THE CARBON TRUST, FEBRUARY 2016
With renewable energy taking centre stage in the coming years, there will no doubt be an increasing
demand for the storing of energy in efficient and cost effective ways. In fact, it has already been predicted
that by 2030, the UK could save up to £7billion annually, thanks to various energy storage strategies.*
INSTEAD OF CONSUMING IT DIRECTLY FROM THE GRID, WILL BE STANDARD BY
2030STORING ENERGY
Recovering the hidden energy of movement and storing it for later use in flywheels is increasingly becoming a popular way to generate clean electricity. We only have to look at Formula 1 racing to see how far the technology has come along.
CRESS Systems are now taking it one step further, and bringing the overwhelming benefits of flywheel technology to the industrial sector.
PART OF THE MOVEMENT:Introducing a revolutionary energy recovery & storage system for industrial use
HOW COULD THIS TECHNOLOGY WORK FOR INDUSTRY?
MOVING (OR KINETIC) ENERGY IS HARVESTED FROM EXISTING INDUSTRIAL MACHINERY
THIS ENERGY IS TRANSFERRED TO A FLYWHEEL, CAUSING IT TO SPIN
THIS ENERGY IS THEN STORED IN THE FLYWHEEL AS IT CONTINUES TO SPIN
THE FASTER IT SPINS, THE MORE ENERGY IT STORES
WHEN ELECTRICITY IS REQUIRED TO RUN INDUSTRIAL MACHINERY, THE ENERGY FROM THE SPINNING FLYWHEEL IS USED TO GENERATE POWER WITHOUT HAVING TO BURN EXTRA FUEL
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5
THERE COULDN’T BE A BETTER TIME FOR OUR TECHNOLOGY
Original research and development of flywheel technology
£275k government-backed grant awarded
Prototype successfully tested and validated
€535k funding awarded (in partnership with MSC Ltd. and NOATUM Ports S.L.U.)
Exclusive license granted CRESS
Springboard regional winner - £40K award
Research continued by Dr. Rayner Mayer
£100k investment received
Headquarters moved to Redcar, Teeside
New global supply chain partnerships established
£100k grant awarded
First major relationship with the shipping industry
Confirmed the container crane industry as a business opportunity
£500k government-backed grant awarded
First full-size flywheel unit produced
Product commercially available
PRE-2009 20162014201220102009 2011 2015 2017 & BEYOND2013
Since its inception, the technology developed by CRESS Systems has hit numerous important milestones - including crucial breakthroughs, industry-recognised awards and the backing of leading organisations. Here is a brief glimpse of just how far we’ve come:
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WHAT GOES UP,MUST COME DOWNCRESS’ revolutionary technology is set to change many industrial sectors, but initially it is the shipping industry that will find the benefits of flywheel technology the most compelling. Simply because, it is an industry that is very sensitive to cost and always looking for new ways to improve its efficiency.
The shipping industry uses cranes to load container ships and move containers around the shipyard. These cranes run on electric motors either powered by diesel-burning generators or directly from the national grid.
The technology developed by CRESS is perfectly placed to take advantage of the effects of gravity when a crane lowers its cargo. Harvesting this ‘free and hidden’ source of energy can be used to replace the cost of burning expensive fuel or tapping into the power grid.
HOW CAN CRESS TECHNOLOGY HELP CUT COSTS?
INSTEAD OF LETTING THIS HEAT GO TO WASTE, IT IS USED TO SPIN THE THE FLYWHEEL ATTACHED TO THE CRANE
A
B C
THROUGH A COMBINATION OF GRAVITY AND FRICTION, THE BRAKES USED TO CONTROL THE CRANE’S DESCENT GENERATE HEAT
WHEN THE CRANE LIFTS A CONTAINER, THE ENERGY STORED IN THE ALREADY-SPINNING FLYWHEEL IS USED TO POWER THE ELECTRIC MOTOR WITHOUT BURNING FUEL.
LOWERING AND RAISING THE CRANE TWICE PRODUCES ENOUGH FREE ENERGY TO RAISE IT FOR A THIRD TIME CUTTING ENERGY COSTS BY AT LEAST
Aside from the positive environmental impact, there is a large gap in the market for cost-effective energy saving solutions within the industry. The financial benefits are huge.
WHY CONTAINER CRANES?
EACH CRANE USES AT LEAST
OF DIESEL EACH YEAR
CRANES
CRANES
CRESS TECHNOLOGY CAN REDUCE THIS COST BY£85k
THAT’S A SAVING OF
PER PORT EACH YEAR£1-3m
30%
A SMALLER PORT OPERATES UP TO
A LARGER PORT OPERATES
20+100
TOTAL LIFESPAN CHARGING & DISCHARGING TIME EASY DISPOSAL
PERFORMANCE DETERIORATION
OVER TIMECOST
CRESS FLYWHEEL TECHNOLOGY 5-10 YEARS NONE IMMEDIATE YES £75K
TRADITIONAL CHEMICAL BATTERIES 1-3 YEARS YES UP TO 8 HOURS NO £250K
Much like those used by household devices, industry also uses chemical-based batteries to store energy (but on a much larger scale). So how do the benefits of flywheel technology compare to traditional batteries?
FLYWHEEL VS. BATTERY
Since its inception, the technology developed by CRESS Systems has hit numerous important milestones - including crucial breakthroughs and industry-recognised awards. Here is a brief glimpse of just how far we’ve come:
FEW COMPETITORS = HUGE OPPORTUNITY
DESIGNED FOR CONTAINER CRANES
LOW COST (EQUIVALENT TO 3 YEARS’ OF ENERGY SAVINGS)
EASY TO INSTALL
HIGH POWER & ENERGY DELIVERY
DESIGNED FOR INDUSTRIAL EFFICIENCY
CRESS SYSTEMSVYCON WILLIAMS F1BEACON POWER TOROTRAKWATTSUP
CONSUMER AUTOMOTIVE
GRID STABILISATION - INDUSTRIAL EFFICIENCY
GRID LONG TERM - BACKUP POWER
OUR BUSINESS
MODEL
The main thrust of business strategy relies on direct sales to major port operators, including the top four names in the industry:
We also aim to sell directly to large OEMs and manufacturers looking to integrate our composite flywheel technology into their own products.
Each unit can easily be integrated into newly-built cranes and retrofitted to existing equipment.
COLLECTIVELY THEY REPRESENT
INSTALLATION COST AT
PAID BACKOVER
(per unit) (in equivalent energy savings)
OF THE MARKET
£57k 3YRS
50%}FROM PROOF OF CONCEPT,
TO FOUNDING CUSTOMER
a valued development partner and
CRESS Systems’ FIRST official client.
As you’ve probably realised, we have a truly compelling
product. Not only does it slot perfectly into a wider, global
desire for cleaner energy; it is also a product with several
buyers waiting in the pipeline.
WHY INVEST IN CRESS
SYSTEMS?
HOW THE NUMBERS STACK UP GLOBALLY:
AROUND THE GLOBE
IN POTENTIAL SALES
CURRENTLY IN USE
1,000+
£1.4bn
25,000+PORTS
CRANES
WE ALSO HAVE A VERY AMBITIOUSFUTURE AHEAD OF USCurrently, the global container crane market is our immediate focus. However, other markets have been identified as an opportunity for CRESS’ flywheel energy storage technology.
CARBON TRUST, MARCH 2016
“Energy storage could save £2.4 billion a year system wide by 2030; if regulatory hurdles are overcome this could rise to £7 billion a year.”
INDUSTRIAL ENERGY MANAGEMENT (HIGH CONSUMPTION)
THE KIND OF INDUSTRIES WE AIM TO TARGET INCLUDE:
ENERGYRECYCLING FOR INDUSTRIALS:
– MINING– DRILLING– CONSTRUCTION
– POWER GENERATORS– ELECTRICITY DISTRIBUTORS
ENERGY QUALITY IN THE GRID:
Q1 Q3Q2 Q4 Q1 Q3Q2 Q4Q1 Q3Q2 Q4 Q1 Q3Q2 Q4 Q1
2015INDUSTRY/SECTOR
2016 2017 2018 2019
PORTS & SHIPPING
ADJACENT MARKETS
NATIONALPOWER GRID
THE ROADMAP TO MAKING CRESS SYSTEMS A COMMERCIAL REALITYOur main focus for the immediate future is the manufacturing and sale of product, specifically to ports and the shipping industry. The good news is, we on track to beginning a small run of products, with guaranteed buyers already waiting the wings. Once we have have established ourselves in this market, our aim is to investigate potential applications in other markets (see page 11).
DEVELOPMENT
SECURE STRONG ROUTE TO MARKET
POSITION CRESS IN MARKET
PROOF-OF-CONCEPTAT PORT
FINALISE PRODUCT
TRY-BUY DEPLOYMENT TO PORTS
SMALL PRODUCT RUN
INDEPENDENTLY VALIDATED RESULTS - NPL
SALES
SALES
Together with some very important partners - like the University of Reading - we have assembled a dedicated team with extensive experience.
BEVERLEY GOWER-JONES - Chairman RICHARD BRADSHAW - CEOCATHERINE SPENCE - University of Reading DR SIMON CROOK - Clean-Tech IncubationDR RAYNER MAYER - CRESS Founder & Energy Storage Expert
HIGH EFFICIENCY MOTOR MANUFACTURERS
ENERGY MANAGEMENT SYSTEMS RESEARCH
SUPPLY CHAIN
INDUSTRIAL AUTOMATION TECHNOLOGY PROVIDER
MEET THE TEAM
THE BOARD
INDUSTRIAL PRODUCT DESIGN AND DEVELOPMENT EXPERTISE ENERGY AND CLEAN TECHNOLOGY INCU
BATIO
N SP
ECIA
LIST.
CARL BENNETT, PRODUCT DIRECTOR BEVERLEY GOWER JONES, CHA
IRMA
N
RICH
ARD BRADSHAW, CEO DR PHIL MEDLICOTT, CTO
PORT
SPEC
IALIST
WITH MIT STARTUP EXPERIENCE ENERGY STORAGE EXPERTISE WITH FLYWHEEL PATENTS
www.cress-systems.com
HEADQUARTERS: WILTON CENTRE, REDCAR, CLEVELAND, TS10 4RF, UNITED KINGDOM.
DEVELOPMENT: UNIT 5, WELLINGTON INDUSTRIAL ESTATE, SPENCERS WOOD, READING, RG7 1AW, UNITED KINGDOM.
For more information, please contact:
Richard Bradshaw, Chief ExecutiveCRESS Systems
+44 (0)7706 911811richard.bradshaw@cress-systems.com