Burt Hamner, CEO...

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1 Burt Hamner, CEO www.hydrovolts.com [email protected]

Transcript of Burt Hamner, CEO...

Page 1: Burt Hamner, CEO burt@hydrovoltsfloridaenergy.ufl.edu/wp-content/uploads/62-Hydrovolts-Offer-New-In-Stream...High‐speed channels Spillways and waterfalls Slow steady channels All

1Burt Hamner, CEO www.hydrovolts.com [email protected]

Page 2: Burt Hamner, CEO burt@hydrovoltsfloridaenergy.ufl.edu/wp-content/uploads/62-Hydrovolts-Offer-New-In-Stream...High‐speed channels Spillways and waterfalls Slow steady channels All

Billions of people live nearBillions of people live near water channels, yet over a billion have no electricity

Fast water currents have lots of renewable hydrokinetic energyhydrokinetic energy

Hydrokinetic energy is overlooked and untappedpp

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EffectivePatent‐pending “Flipwing” turbine 

Generates renewable energy from water currents

EconomicalCosts less than other renewables

Typical 5‐year payback

EfficientEasy installation: no dams orEasy installation: no dams or construction

Installed in artificial canals, requiring few or no permitsfew or no permits

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See video at www.youtube.com/hydrovolts

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2010 WATER ENERGY NEXUS WINNER

2009 WINNER

Company Milestones

2007: Founded

Traction

Strong partnerships:  

2010: First funded

2010 (late): First sale

2011 (late): Shipping turbines

University of Washington

Woods Hole Oceanographic Institution

Raytheon2011 (late): Shipping turbines

8 full time employees

3 prototypes demonstrated

Harvard

3‐time  “Best Investment Opportunity” Winnerp yp

1 utility patent filed, more coming

$1.3M raised from “angels” and 

Sales inquiries from 18 countries

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corporations

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Position Name Expertise Highlights

CEO Burt Hamner 30 years in marine,Cl t h & I t’l

USAID; UN; ld kCleantech & Int’l 

DevelopmentWorldBank

CFO Michel Goffin 20 years in banking & finance

Atlas Accelerator

COO Mike Layton 15 years in manufacturing and bus development

Practicing attorney

bus. development

Chief Engineer Dr. Paul Curtis 25 years in designing & manufacturing industrial systems

Founder and Principal ofKil‐tel Systems

Engineer Jim Snyder 20 years in engineering design

General Dynamics; Aerojet; REI

Business Development

Brian Williams 26 years in US Navy SAIC; US Navy

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Floating turbine can generate 50W ‐10 kW

Power to local load or net metering

Anchor Cables

CompactCompact

Modular

ScalableRotor

Scalable

Simple

• Generators attached to turbine unit

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• Generators attached to turbine unit • Floats with adjustable buoyancy in optimal flow

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S b d fSubmerged or surface

Floats in place

Operates in slo c rrentsOperates in slow currents

Easy to make, install, repair

Range of sizes bladesRange of sizes, blades 

Submerged generators are “secret sauce”

See video at www.youtube.com/hydrovolts

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High‐speed channels Spillways and waterfallsHigh speed channels Spillways and waterfalls

8/22Slow steady channels All channels and speeds

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“Class 1” switchblade bi f bl

US Navy Goalturbine for portable micro‐hydropower

targeting 100 watts

80 lb unit

Man portable

June 2011: Produced 20 to 30 watts in canal tests

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July 2010 Big Turbine Canal Demo: installed in five hoursJuly 2010 Big Turbine Canal Demo: installed in five hours

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Pending sale Aug 2011 to West Sound Utility District Wastewater TreatmentUtility District Wastewater Treatment Plant in Port Orchard, WA

$12 000 custom turbine produces$12,000 custom turbine produces         1 kW/hr @ 80% capacity

Local energy utility providingLocal energy utility providing significant rebate

Oth t t l t ith 10Other wastewater plants with 10x flow have asked for quotes:     scalable solution

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Engineering entities that move waterEngineering entities that move waterN fi h• No fish

• Little debris• Few permits• Predictable water flow• Transmission line proximity• Multiple units per canalMultiple units per canal

Value PropositionValue Proposition• Can sell power – more revenue• Offset existing energy costs• Predictable clean energy

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gy• Source of remote power

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Payback higher where Purchase Price $40,000

y galternatives cost moreTurbine 10 kW

x Capacity 80%= Output 8.00 kW

15 year lifetimeYear 1 2 …Hourly output 8.00 8.00H / 8 760 8 760

US Avg Rate (EIA)

x Hours/yr 8,760 8,760= Annual output 70,080 70,080x Rate ($/kWh) $0.11 $0.11Revenue/hr $7 709 $7 709

Very conservative: Very conservative: Does not include any financing measures (carbon credits; 

Revenue/hr $7,709 $7,709‐ Annual O&M ($1,000) ($1,000)= Annual Profit $6,709 $6,709

grants; incentives; etc)

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Payback Period 5.96 years

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Compare Electricity Cost / kWh:

• CA & NE > 16 cents 

• UK renewables > 30 cents

• Global average: 17 cents

• Remote sites > 80 cents

Hydrovolts turbines achieve payback in Hydrovolts turbines achieve payback in less than 6 years around the world.less than 6 years around the world.

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WhenWhen: Sept 2010

WhoWho: $100M USA basedWhoWho: $100M USA‐based engineering firm operating hydropower and canals in India

WhatWhat:WhatWhat: 

• $250K for 3 10kW turbines

• LOI for 400 more (10MW) after validation

Chilla Canal 

validation

•• 400 @ $50k each = $20M400 @ $50k each = $20M

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Uttarakand, India

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Irrigation Districts in Western US Irrigation Districts in Western US Districts (BUREC min) 400 U bl l il 20Usable canal miles 20 Turbine spacing (/mi) 10 = Total turbines 80 000= Total turbines 80,000 x Avg turbine price $20,000 = Market size= Market size $$1.6 Billion1.6 Billion

17/22Eastern US and International markets even larger

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C l i E I di SE A iCanals in Europe, India, SE Asia

Thermal Power Cooling Water

Wastewater Discharges

Water purification

Mining

MilitaryMilitary 

Pipelines

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Cost Ease Reliability Cleanliness Safetyy y

Diesel

Solar

Wind

Dams

Hydrovolts

Hydrovolts’ micro‐hydropower is the only renewable energy source that is inexpensive, reliable, clean, safe and easy. 

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H d lt

New Energy Ltd

Hydrovolts

Verdant Power

3x Cost

HydroGreen Inc

Switchblade modular solution

Only tidal

y

Only rivers

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Hydrovolts has the only cost‐effective turbine solution specifically designed for man‐made waterways

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Tidal channels should be ignoredNot enough useful powerNot enough useful powerExtreme permitting and stakeholder challenges

Artificial water channelsCanal structures and concrete-lined channelsLarge cooling water or wastewater discharges

Offshore buoys and sensorsOffshore buoys and sensorsUse small turbines to power valuable sensorsSmall turbines can have very high value▪ Good R&D and design application▪ Good R&D and design application

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N bl t h d bProduct

• New renewable energy tech powered  by water

• Drop in to millions of sitesDrop in to millions of sites

Customers• Canal / system owners and operators• Everyone else near fast waterEveryone else near fast water

V l

• Use power locally• Sell excess power to the gridValue Sell excess power to the grid• Make electricity and/or pump water• Create new local economies and jobs

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Burt Hamner, CEO210 S. Hudson St, #330Seattle WA 98134

C. Hampton McRaePO Box 12901Gainesville FL 32604Seattle, WA 98134

[email protected]

Gainesville, FL [email protected]

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