pooled energy resource ecosystem P2P energy trading...• Global Advanced Energy Market: over $1.4...
Transcript of pooled energy resource ecosystem P2P energy trading...• Global Advanced Energy Market: over $1.4...
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pooled energy resource ecosystemP2P energy trading
v.6.6
DISCLAIMER This confidential Presentation is for informational purposes only and does not constitute investment, legal, tax, regulatory, financial, accounting or other advice and is not intended to provide the sole basis for any evaluation of an investment decision. The re-cipient should consult with his/her own legal, investment, tax, accounting, and other advisors and receive such advice tailored to their own particular circumstances from independent professional advisors. The content of this Presentation is not binding for EnerNext (the “Company”) and/or its affiliates and EnerNext reserves the right to change, modify, add, or remove portions of this Presentation for any reason at any time. The information presented in this Presentation is not exhaustive and does not imply any contractual relationship. Nothing in this Presentation shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. No offering is being made and no money or other consideration is being solicited by this Presentation.
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OUR VISIONEmpowering local communities through renewable P2P energy trading and community energy storage
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Now Is The Time
• Maximize local consumption of green electricity
• Enabled by
• Distributed storage systems
• P2P trading
• Demand response
• Provide locally levelized demand
• Better predictability
• Empower prosumers
• Choice
• Economic benefit
Leveraging convergent technologies to empower prosumers
Convergence
Energy
Automation
Digital Transformation
Big Data & AI
Internet of Things (IoT)
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Utility
Grid
• Large players control market
• Designed for unidirectional power flow
• Overbuilt for uncontrolled customer behavior
• Poor integration of distributed resources
• Inequitable treatment of prosumers
Electricity markets are unnecessarily centralized and inefficient
The Problem
BalancingSolar Panel Energy Storage
The Grid
Smart Meter
Light Big Data
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The Evidence
Market Share of Largest Generator (%)
FranceBelgium
AustriaHungaryCzechiaPortugal
IrelandSweden
GermanyUK
SpainItaly
82.562.655.552.952.447474233.529.325.424
Source: Eurostat, 2018.
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• Support neighbors and local economy
• P2P trading - prosumer profits
• Keep excess generation in community
• Sell, trade, donate locally
• EnerNext AI for precision localized forecasts
• Leverage community assets for ancillary grid services
Distributed P2P trading ecosystem designed to maximize local consumption
The Solution Grid
ENERNEXT
Utility
Smart Meter
Light
P2PSolar Panel
Big Data
Energy Storage
EnerNext Hub
Balancing AI
The Grid
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• Dropping storage and distributed generation costs• Expiring Feed-in Tariffs (FiTs)• Grass roots green energy movements
• Convergence of technology mega-trends enabling shift to decentralized• Country-wide conversions: renewables and EV up, exit coal and nuclear
Perfect storm for transformation forming
Why now
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• Global Advanced Energy Market: over $1.4 trillion• Still very centralized value chains• Substantial growth in distributed generation
• Technology transition to renewable power• Significant cost increases [traditional grid operation]• Significant cost decreases [distributed renewables and storage]
Global Annual Revenue by Industry
Electricity markets keep growing, the transition to renewables is underway on all continents
The Opportunity
130,254
49,040
42,394
41,273
19,692
17,052
12,760
8,195
5,929
5,062
4,978
3,571
3,420
2,938
2,697
2,604
2,590
2,186
China
Japan
Germany
USA
Italy
India
UK
France
Australia
South Korea
Spain
Belgium
Turkey
Canada
Thailand
Greece
Netherlands
South Africa
Installed PV Capacity [MW]
Airlines Apparel Advanced Energy Media
$718 B
$1,400 B $1,436 B
$1,700 B
Source: Eurostat, 2018. Source: Navigant Research 2017.
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515388342325301248215212181172158158158144120115114113989479705442315
GermanyJapan
BelgiumItaly
AustraliaGreeceCzechia
SwitzerlandUK
NetherlandsUSA
DenmarkBulgariaAustriaFrance
ChileSpainKorea
RomaniaChina
CanadaCyprus
PortugalTurkey
SwedenPoland
Installed solar PV capacity per capita(watts per capita)
Germany:• High residential PV penetration [>1 million systems]• Renewable Portfolio Standard: 60% by 2035• Exit from nuclear power
• High residential rates• Expiring FiT for distributed PV systems starting 2021
Mature deregulated market with high costs and large number of distributed resources
Launch Market - Germany
2000
Cent
/ kW
h
FiT (Cent / kWh) Residential Rate (Cent / kWh)
0
20
40
60
2010 20152005
Year FiT Expire
Annual Capacity Growth of System w. Expired FiTs [MWp]
Cumulative Capacity Growth of System w. Expired FiTs [MWp]
Installed solar PV capacity per capita (watts per capita)
515
0
Feed-in Tariffs and Residential rates in GermanyResidential Systems w. Expired FiT Annual Capacity Growth and Cumulative Growth [MWp]
Source: Eurostat, 2016; IPVS, 2017.Source: Bundesnetzagentur 2018. Source: Solarenergie Förderverein, 2018; Eurostat, 2018.
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Offering more prosumer choice at less prosumer risk
Competitive Landscape in Germany
Centralisedno P2P
Decentralisedfull P2P
No Upfrontcost
High Upfrontcost
Trading System
Pros
umer
Ris
k
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Empowering prosumers and balancing the grid by providing an electricity trading ecosystem and energy storage solutions
Platform and Business Model
• P2P trading ecosystem
• AI-powered forecasts increase:• Efficiency• Local self-consumption• Local electricity trading
• Smart contracting mechanism and blockchain ledger
• Balances supply and demand on wholesale market
• Leverages storage for ancillary services
• ENERNEXT energy storage solutions• ENERPOOL – community energy storage system• ENERHOME – behind-the-meter residential storage system
EnerHomeor
EnerPool
Prosumer generator Wholesaleexchange
Grid operator
Prosumer demand
Ancillary services
Data, Trading, Comms
P2Pdelivery
ENERCLOUD
Light P2P
Smart Meter
Solar Panel
Smart ContractBig Data
Energy Storage
EnerNext Hub
Currency
Balancing AI
The Grid
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• EnXT Tokens:• On-platform currency• Part of blockchain solution• Useable in non-energy P2P transactions• Fiat settlements monthly or annually
• Smart Contracts:• Contract template for P2P transactions• Recorded on blockchain• Transactions verified by smart meter oracles
Secure and transparent P2P trading
Energy Trading Environment
BuyerBids on electricity
SellerSells electricity
Transaction is recordedin Smart Contract
Smart Contract placed on Blockchain
ElectricityDelivery
Delivery confirmed
Delivery confirmedSmart Meter
Solar Panel
User
EnerNext Hub
P2P
Currency
Smart Contract
Electricity
Blockchain
Core Components [1/3]
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• Fast frequency response
• Storage sized FCR-market compliant
• Peak-shaving/demand-charge management
• Buffer between grid and high-power applications
• Power quality management
• Local power factor correction
• Voltage support
• Balancing responsible party for platform members
Autonomous and pooled capabilities for improved grid stability and power quality
Ancillary services capabilities
Absorb powerInject power
Balancing GenerationConsumption
49.8 Hz 50 Hz 50.2 Hz
Core Components [2/3]
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• Systems tailored for daily PV cycles
• Sized to accommodate FCR
• Advanced Li-batteries: long service life
• Inverters to suit application
• Autonomous fast frequency response
• Autonomous grid islanding optional
• Emergency backup
• Microgrid operation
• Single package - easy install
• On-board smart meter and communications hub
Designed by high penetration renewable grids experts to boost green energy
EnerPool and EnerHome Storage
ENERPOOL
ENERCLOUD
ENERPOOL
Light P2P
Smart Meter
Solar Panel
Smart Contract
Big Data
Energy Storage
EnerNext Hub Currency
Balancing AI
The Grid
Core Components [3/3]
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Creating immediate value for all players
Upsides for all
• Savings of 20-35%
• Maximize renewable generation
• Enable going fully “green”
• Local community sharing economy
UserProsumers
• Increase grid resilience
• Provide ancillary services
• Reduces grid congestion
• Infrastructure upgrades deferred
BalancingGrid Operators
• Advanced power flow management
• Reduced T&D costs
• High fidelity forecasts
• Wholesale market leverage
Smart MeterUtilities
• Ecosystem for 3rd party energy hardware and software
• Shared capabilities in forecasting, trading and dispatch
P2PEnergy Tech Developers
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10 year effective rate[Euro/kWh]
20 year effective rate[Euro/kWh]
EnerPool
EnerPool
EnerHome
Competitor Rate
No Storage: Existing PV**
EnerHome
Competitor Rate
No Storage: New PV* 0.3519 0.3045
0.3486 0.2802
0.3350 0.3472
0.5252 0.3269
0.2132 0.2598
0.1657 0.2000
0.1640 0.1703
0.3373 0.2330
Positive returns from day one
• Competitors:
• Prosumer caries CAPEX for storage
• Effective rate above reference for
at least first 10 years
• EnerNext EnerPool:
• Investor-owned storage
• Shared storage, flexible capacity allocation
• No additional energy hardware in home required
• EnerNext EnerHome:
• Investor-owned storage
• No OPEX, no risk
* assumes new PV installation at current FiT. ** assumes amortized PV and expired FiT. All values for a small household: 4250 kWh demand, 5.5 kW PV w/ 4400 kWh, EnerHome/EnerPool allocation 2 kW / 7 kWh. Competitor offer: 3.3 kW/6 kWh.Reference rates assume 3.5% escalation.
Prosumer Advantage
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• Frequency Control Reserve market:• 1,400 MW in weekly auction• Pricing: Euro 1,000 to 4,000/MW-week
• Moderate additional cycling of storage
• Additional values stream for storage resources
• EnerPool viable at Euro 750/MW-week
• EnerHome viable at Euro 1,500/MW-week
Offering attractive prosumer rates through additional value streams
Ancillary Services Market
50.075
49.900
Time
Freq
uenc
y [H
z]
49.925
49.950
49.075
50.000
50.025
50.050
08:00 13:0009:00 10:00 11:00 12:00
Source: ENERNEXT Measurements.
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2021Germany countrywide rollout
2022Global expansion
Technology partnerships for blockchain-service, and AI development; Relationship with TSO established; Smart-meter supplier partnership secured
Computing resources secured;Partner EV platform selected; Regional roll-out funded
Prosumer base expanded >1000;Commercial prosumers addedfor EnerPool deployment
Marketing campaign for scale-up
Community and utility partner for pilot project; partnership with hub hardware vendor; storage supply contract for first pilot
Pilot launch
Launch of 100 kW pilot project in Germany
Regional roll-out
Integrating OTC broker into the platform;
Stage 2 funding secured
Commencecommercial-scale EnerHome production
Building communities
Business Development Roadmap
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Building EnerNext to lead the market
Funding requirements
Two stages, Euro 5.3M total
28.6% 18.1%22.4% 12%18.7%
15.4% 6.7%11.8% 45.9%20.2%Admin& OPEX
OtherEnergy Storage Systems& Equipment
Business Dev.& Marketing
Research& Development
Stage 1: Euro 1.95M
Stage 2: Euro 3.35M
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Team
David Davtyan
• Over 10 years experience in corporate finance and investment management
• Decision maker: storage and EV ventures
• Experience in USA, Russia and Germany
• Stanford MBA
• Fluent in English and Russian
Dr. Marc Müller-Stoffels
• Energy Systems and Storage Expert
• Algorithm and Model Expert
• Entrepreneur, Innovator, and Strategist
• Experience in Germany, USA, NZ, AU
• Lived off-grid in Alaska for eight years
• Fluent in German and English
Theodor Kozko
• Entrepreneur
• Startups in Education and HR
• Design and implementation of complex information systems
• Experience in Russia and USA
• Fluent in English and Russian
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• EnerTech, S. Korea
• EnerDel, USA
• Decades of experience in cell and pack R&D
• Hundreds of millions of USD in investments
• EnerNext custom engineered packs
Customers include:
Developing a worldwide supply chain
Energy Storage Partners
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Thank you for your considerationRead the whitepaper at http://enernext.ioContact us at [email protected]
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