Www.dearmanengine.com Harnessing liquid air to deliver cleaner and cheaper transport and...

www.dearmanengine.com

Harnessing liquid air to deliver cleaner and cheaper transport and refrigeration globally

JEREMY NORTH – Chairman The Dearman Engine Company

Ltd

[email protected]

+44 (0) 203 617 9170


• Emissions

• Existing Trailer Refrigeration Unit emits:• 6 times more Nox• 29 times more PM

…than a Euro VI engine.

+ 50 tonnes of CO2

• Thermal inefficiency• 30% of available energy in

diesel lost through the radiator

• Cooling • Up to 20% of a reefer’s fuel

consumption

Thermal challenges for commercial vehicles


Hot sink (ICE cooling system)

DE

Provide cooling (LN)

Motive power

2

Heat from radiator can be used for: Auxiliary drive; Peak shaving; Idle reduction

2

“Cool” can be used for air conditioning and refrigerated payloads3

3

The heat from payload absorbed by the DE can be used to generate power for engine

1

1

Technology drivers 40ft Reefer, -20o,

DE vs

Attribute Diesel LN2-evap

CapEx, £ +270 +2,650

Fuel or LN2/yr, £

-1,460 -3,110

Payback (months)

2.5 10.8

5yr TCO, £k -7.0 -13.0

10yr TCO, £k -14.3 -28.4

Dearman’s liquid air engine generates both motive power and cooling…


Sales projections suggest robust growth

While we intend to license the technology, rather than manufacture, with Ricardo Strategic Consulting and E4Tech we have looked to define annual sales projections for first applications to better understand the potential value.

Sales projectionsPrepared by Ricardo Strategic

Consulting & E4tech

Power & Cooling (Refrigeration)Sales rise to 113k units – by 2023

Includes rapid growth in newly developing markets

APU & AirconSales rise to 36k units

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20250

20

40

60

80

100

120

140

160

180

APU & aircon

Power & cooling (new markets)

Power & cooling

'000 units

Source: E4tech analysis (October 2013)


• Harnessing liquid air to deliver cleaner and cheaper transport and refrigeration

• Commercial demonstration of 1st application in 2014

• In low volume manufacture inside two years.

• Projected annual sales* of:– 113,000 units by 2023

*Ricardo Strategic Consulting & E4Tech

• The company is fully funded through until September 2014, by which point the technology will be in testing and demonstration.

• New funding round in mid-2014

Summary

JEREMY NORTH – Chairman The Dearman Engine Company

Ltd

[email protected]

+44 (0) 203 617 9170

Www.dearmanengine.com Harnessing liquid air to deliver cleaner and cheaper transport and...

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