AGM PRESENTATION LONDON, 10 TH SEPTEMBER 2013

Transcription

1 AGM PRESENTATION LONDON, 10 TH SEPTEMBER 2013

2 AGM PRESENTATION LONDON, 10 TH SEPTEMBER 2013 Contents Introduction Power-to-Gas Energy Storage Power-to-Gas Projects Hydrogen Fuel for Mobility Mobility Projects Summary

3 INTRODUCTION HYDROGEN ENERGY SYSTEMS FOR ENERGY STORAGE AND CLEAN FUEL PRODUCTION

4 RAPID RESPONSE ELECTROLYSER Available in 1MW modules Responds in 1sec Self pressurises to 80bar Wind Power Energy Storage ITM Electrolyser Grid Clean Fuel RAPID RESPONSE HYDROGEN ENERGY SYSTEMS

5 Energy Storage Sale: The Thuga Group Germany Clean Fuel Bid: California Energy Commission Wind Power P2G Thuga ITM Electrolyser Grid HRS H 2 USA COMMERCIAL DEAL FLOW HYDROGEN ENERGY SYSTEMS

6 WHAT S UNIQUE ABOUT ITM ELECTROLYSERS? Rapid response Self pressurising 1 sec response time 80bar self pressurising 1MW units 360KW POWER-TO-GAS MODULE

7 4.5M IN CONSTRUCTION Projects are currently to time and budget Thuga 360kW 600k Sale Mainova EcoIsland 360kW 1.4m Grant SSE Chino 360kW $1.4m Sale Hyundai Phaedrus 120kW 900k Grant Shell Common E 120kW 350k Grant TBA Customers: IN CONSTRUCTION HYDROGEN ENERGY SYSTEMS

8 COLLABORATIVE GRANT FUNDED PROJECTS R&D New Products Feasibility Studies Demonstrations For year ending April 30 th m paid or secured For year ending April 30 th m paid or secured Post April 30 th 2013 to m of new grant awards 0.52m paid post year end 3.12m more subject to contract 3.55m more applied for Major new UK, EU and US calls 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 Applied For Negotiation Secured Paid Source: ITM Power plc GRANT FUNDING SNAPSHOT

9 PIPELINE FOR 2013/14 UK: UKH 2 Mobility GridGas DECC Methanation Pipeline: 65 refuelling stations 1MW P2G bid Germany: Thuga Group H 2 Mobility Pipeline: 3 further projects and partnerships in discussion USA: Californian Energy Commission Hyundai Pipeline: $30m Call in Oct/Nov $7m for upgrades France: HIT Mobility Program Air Liquide Pipeline: Exploring P2G and distributed stations Japan: Getting started Pipeline: Two major partnerships in negotiation IN THE PIPELINE HYDROGEN ENERGY SYSTEMS

10 ENERGY STORAGE THE NEED THE MARKET

11 GROWING WIND GENERATION Evidence of grid balancing problems from Germany and Denmark Problems start at 20% capacity; UK hits this threshold by the end of % of peak capacity (55GW) in Winter 20% of peak capacity (40GW) in Summer Source: ITM Power plc, data from BWEA ENERGY STORAGE: THE NEED HYDROGEN ENERGY SYSTEMS

12 Hydrogen fraction (vol%) Fraction wind output curtailed HYDROGEN FRACTION VS EXCESS WIND LEVELS Capturing 2.8 TWh pa of excess wind (ie 4% of 2020 output) Results in average national hydrogen content of 0.5%, reducing carbon footprint by 0.2% Requiring 978MW of electrolysis at 2m/MW ie c. 2bn 1,000 TWh pa natural gas consumption, 70% electrolyser efficiency, 30 GW 2020 wind capacity with 30% capacity factor 2.0% 1.8% 1.6% 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% Source: ITM Power plc Excess wind (TWh pa) 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% Hydrogen fraction Curtailment HYDROGEN INJECTION FEASIBILITY STUDY

13 DECC: UK HEAT STRATEGY The Future of Heating: Meeting the challenge 70% of UK heat comes from natural gas 906 TWh of natural gas consumed in the UK in % was used to provide heat 34% burned in power stations to make electricity Low penetration of renewable heat in the UK RHI launched Nov % of heating from renewables by TWh hydrogen Circa 18,600 MW Electrolysis costing c. 45bn DECC: UK HEAT STRATEGY

14 DEVELOPMENT PLATFORMS THUGA UK GOV GERMAN GOV NORTH SEA P2G MED P2G

15 WIND FARMS PAID TO SHUT DOWN Wind curtailment is a regular occurance Priority of dispatch High curtailment payments An increasing problem Solved by energy storage UK GOVERNMENT BACKING

16 FIRST P2G SALE: THÜGA GROUP Won competitive tender on cost & price One of the world s largest utility groupings 18,200 employees 5.7m customers (electricity, 3.6m, gas 2.1m) Sales of 21.3bn Plant to be located at Mainova AG in Frankfurt Source: Thüga-Gruppe 360KW POWER-TO-GAS MODULE

17 German Energy Agency s Power-to-Gas Strategy Platform ITM Power joined in July 2013 Official government grouping Excellent consortium Largest P2G grouping globally GERMAN GOVERNMENT BACKING

18 POWER TO GAS The TSB funded GridGas study Opportunity analysis Compliance of gas injection Rapid response electrolysis Gas mixing Location of stranded gas assets in the UK Potential in Scotland Website: Compliance Stranded Grids Installation Deployment Deployment Deployment POWER TO GAS

19 Developing Power-to-Gas Projects Concentration of renewable energy in the North Sea Concentration of oil and gas assets in the North Sea Energy storage is market pull Excellent consortium NORTHSEA POWER-TO-GAS

20 Developing Power-to-Gas Projects Concentration of solar in the region Concentration of oil and gas assets Network constraints are the market pull Excellent consortium MEDITERRANEAN POWER-TO-GAS

21 SNG FEASIBILITY STUDY The DECC funded Methanation study Application & opportunity analysis Process selection and definition Compliance of gas injection Demonstration project definition METHANATION SNG POWER-TO-GAS

22 CLEAN FUEL UK H 2 MOBILITY FRANCE SWITZERLAND USA

23 FCEV ALLIANCES ANNOUNCED IN 2013 Four fuel cell manufacturers have emerged; with 8 OEM s rolling out cars Hyundai Nissan: Ford Daimler Toyota: BWM Honda: GM FCEV ALLIANCES

24 Development of a national HRS plan Full report published April 25 th 2013 Phase 2 underway An initial roll out of 65 refuelling stations of 80kg/day each 50% electrolysis National Hydrogen Mobility Plans UKH 2 MOBILITY

25 EDF Areva Air Liquide GDF Suez Very strong energy consortium Joins Germany, UK & Denmark as fourth EU entrant National Hydrogen Mobility Plans MOBILITE HYDROGENE FRANCE

26 Mobilite Hydrogene Switzerland Formative stage Managed from ITM Power GMBH MOBILITE HYDROGENE SWITZERLAND

27 COMMERCIAL VEHICLE REFUELLING Return-to-base refuelling for MHV and Airside vehicles First mover supermarket getting closer Airport trials to begin early next year Airside vehicles Stationary FC for diesel APU GPU replacement SUPERMARKETS AIRPORTS

28 CLEAN FUEL PROJECTS ECOISLAND CHINO USA LHP

29 Hydrogen Energy Storage Smart Grid 2.4m TSB consortium grant Installation of 100kg/day & 15kg/day refuellers Fleet of 20 vehicles (HICE and FC) Hydrogen energy storage system Balancing supply and demand UK INFRASTRUCTURE ROLL OUT

30 USA CALIFORNIA Major Californian Solicitation of $150m over 5yrs ITM Power Inc. established in California Bid with 2 local partners Technology platform same as EcoIsland Ready to bid in further USA solicitations REFUELLING PRODUCT

31 Major Californian Solicitation of $145m over 5yrs $29m available per annum for 5yrs Up to $3m per station 65% grant ITM Power Inc. established in California Bid with 2 North American partners at Hyundai, Chino Technology platform same as EcoIsland Ready to bid in further USA solicitations National Hydrogen Mobility Plans H 2 USA

32 H 2 USA

33 Selected by the LHP as the 2013 HRS partner Funding the ITM Power 2013 JTI submission 100 Fuel Cell Electric Vehicles from 5 OEMs 4 European cities 3 refuelling stations in London Backing from the Mayor s office 18m total EU (JTI) funding available LONDON HYDROGEN PARTNERSHIP

34 AGM PRESENTATION LONDON, 10 TH SEPTEMBER 2013 Summary 1.7m order book (including US refueller) 4.5m of products in the build phase Rapidly developing quoted project pipeline 3.55m of new grant awards ( 0.52m paid) 3.12m more subject to contract 3.55m more applied for Strong corporate partner engagement

35 AGM PRESENTATION LONDON, 10 TH SEPTEMBER 2013