SIMPLY THE BEST SOLUTION FOR FUTURE SHIPS

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SIMPLY THE BEST SOLUTION FOR FUTURE SHIPS

2 STADT - AWARDED TECHNOLOGY LEADER The STADT Group was founded by Hallvard L. Slettevoll in 1985. In December 2015 - the 30th anniversary was celebrated. At the same time the group moved in to the new and modern STADT Maritime Center in Gjerdsvika. With a location in the middle of the maritime cluster on the west coast of Norway, the aim has always been to develop power inverters for ship applications. In 1997, after several years of intensive developments, an innovative and modern inverter series was launched. A major advantage of these inverters, was the very compact design due to direct water cooling. The first STADT delivery went to the Norwegian coastguard K/V Tromsø. This was a breakthrough, and the business improved rapidly. The main business area for the new inverters, made in powers up to 3500 kw 690 V, was for diesel-electric main propulsion of ships, as well as offshore applications on oil rigs and for industrial use. Companies like TFDS -Hurtigruten, Geo Shipping, PGS, Sanco Shipping, Aker, Statoil, Hydro, BP and Bayer AG became regular customers. In 2001 the water cooled STADT IGBT-converter business, based on PWM technology, was sold to ABB, which incorporated them into their marine product range. Since 2001 STADT has been working with development of the 5. generation AC drives, the STADT Lean Drives. This new no loss technology is based on sinus control and developed upon a lean perspective. It was patented in 2008, and launched to the first ship applications the same year. The new drive technology has been awarded several times for its unique characteristics, and many ships are now sailing with the Lean Drive technology all over the world. Long experience from development of motordrives has resulted in the patented STADT technology. This has huge advantages compared to traditional PWM-technology, since it is free from electric disturbances. The STADT Lean Drive is also a very efficient power drive system, bringing reliability up to a new standard.

3 STADT HISTORY 1980-2018 Investor (Government) Patented Lean Drive Technology Industry Partner 2013 Contract Navy Market 2017 2014/2015 PWM Techology 1980 Founded 1985 Thyristor Technology 1986 1988 Transistor Technology Major Customer 1995 1996 CPU Drive Technology 1998 1999 Industry Partner And Investor 2001 2008 Buyout PWM Drive Technology 2012 Our BiggestOrder 16 Vessels Technology Awards 30 YEARS IN AC DRIVE DEVELOPEMENT

4 STADT LEAN PROPULSION DESIGN - PATENTED LEAN TECHNOLOGY Superior technology with Stealth performance. An extremely reliable electric propulsion system that ensures that the propeller never stops. A SUSTAINABLE LEAN SOLUTION, BECAUSE: Reduced fuel consumption, by up to 60 % Only 6% losses in systems (AC Motors and alternators included.) Reduced NOx, SOx, BC and CO2 emission Reduced maintenance and high redundancy MTBF: 7 Years, MTTR: 1 Hours Reduced noise and no EMI a Stealth solution Highly reliable, compact system, no transformers needed Estimated lifetime: >30 years The STADT Lean Drive can be delivered up to 50 MW in voltages up to 15 kv. Combined with CP propellers, it assures the highest maneuverability for the ship. No disturbances in main switchboard and AC-motor. LEAN DRIVE FOR ANY SIZE OF SHIPS THE DIFFERENCE IN DRIVE TECHNOLOGY. FULL REDUNDANCY FROM GENERATORS TO MOTOR PWM CREATES A LOT OF EMI/EMC SINE WAVE IS NOISE FREE, NO EMI/EMC

5 TODAYS ELECTRIC SHIP TECHNOLOGIES: HOW EFFICIENT, RELIABLE, PREDICTABLE AND SUSTAINABLE ARE THEY? EVALUATION OF DIFFERENT DRIVE SOLUTIONS AND THEIR KEY PERFORMANCE INDICATORS Lean Issues To Consider STADT Lean Drive 12 Pulse or 24 Pulse AFE (Active Front End) Technology in AC drive Sine Wave PWM PWM No. of electric energy transformations 0 4 4 or 5 Power Train Losses No, (negligible) 6 % 6 % Cooling Type Air is sufficient Water Water Power Transformers Needed No Yes Sometimes Redundant Power Units Standard Special Special Harmonic Distortion (THD) No High High Electromagnetic Interference No High High Acoustic Switching Noise No Yes Yes Screened Power Cables No Yes Yes Depending on Harmonic Filters No Yes Yes Designed Economic Lifetime 30 Years 6 Years 6 Years Maintenance Requirement Very Low Frequent Frequent Onboard Crew Skills Ordinary Special Special MTBF (mean time between failures) 7 Years 1 Year 1 Year MTTR (mean time to repair) 1 Hour 1 Week 1 Week Spares Globally Available Yes No No Weight of Drive System 100 % 1400 % 600 % Size of Drive System 100 % 600 % 450 % All Voltage Class (220V-15kV) Yes No No Power Scalable Yes No No Regenerates Power to Grid Yes No Yes No. of Power Components in Line 1 80 000 150 000 Capacitors In Main Power Circuit No Yes Yes Explosion Risk in Drive No Yes Yes Propeller Pitch Configuration CP CP or FP CP or FP Financial Risk (Service cost, Off-hire) Very Low High High

6 DISCOVER THE POWER OF SIMPLICITY MORE: + REDUNDANCY IN DRIVE (FULL R.) + STEALTH + HMS AND COMFORT (SILENCE) + REDUNDANCY, ALSO IN AC PROPULSION MOTORS = BETTER PERFORMANCE AFE PWM ELIMINATED: - POWER DISTURBANCE THD ON GRID - HARMONIC FILTERS (HF) - 12 P - 24 P TRANSFORMER - NOISE (PWM>EMC) - EXPLOSION RISK (CAPACITORS) - 80.000 COMPONENTS - COOLING SYSTEMS (WCS) - 5-6 % WASTED HEAT - COMPLEXITY STADT LEAN DRIVE = LESS OFF-HIRE 12 OR 24 PULSE PWM

7 STADT LEAN PROPULSION SOME BASIC ARRANGEMENTS FOR FULL ELECTRIC PROPULSION, BASED ON DIESEL, LNG OR DUAL FUEL. ALL OF THEM ARE USING CONTROLLABLE PITCH (CP) PROPELLERS AND ARE PREPARED FOR BATTERY OR FUEL CELL SUPPLEMENTS. Twin screw PTI, CP 4 generators 4 electric motors 2 main switchboards Single screw PTI, CP 3 generators 2 electric motors 1 main switchboard Twin screw Twin, CP 4 generators 4 electric motors 2 twin input gearbox 2 main switchboards Triple screw, CP 4 generators 3 electric motors 2 main switchboards Triple screw (2 Azipulls), CP 6 generators 3 electric motors 1 main switchboard with Bus-Tie Single screw Twin, CP 4 generators 2 electric motors 1 twin input gearbox 2 main switchboards Double ended, CP 4 generators 2 electric motors 2 main switchboards Twin screw (Azimuth), CP 4 generators 2 electric motors 2 main switchboards Twin screw (Voith), CP 4 generators 2 electric motors 2 main switchboards

8 WHY WE USE CPP - CONTROLLABLE PITCH PROPELLER, AND NOT FP THE PATENTED STADT LEAN DRIVE COMBINES PITCH AND RPM-CONTROL Significantly improved overall efficiency at varying load and/or varying speed conditions Better manoeuvrability (acceleration, breaking, crash stop)- Better performance at reversing and in DP. Better operational conditions for gear, shaft, and bearings, especially at low speed Forgiving for design errors Each blade may be changed independently if damaged, at sea Future-proof with regard to changes of use of the vessel, slow steaming, extensions, etc. Possibility for full feathering position, which is saving fuel when only running one propeller

9 STADT SHIP REFERENCES 32 SHIPS WORLDWIDE WITH OUR 5TH GENERATION LEAN DRIVE TECHNOLOGY SC WINTER, SC BONKOT, WARAMI, SK 901, SK 902 AHTSV NCA80E, Nam Cheong Rolls-Royce Azimuths with CP ABS Class, RP, DP2 Installed Power - 6000 kwe 14 Vessels SAAB AB - Sweden Naval ship Data not disclosed 1 Vessel TOPAZ MASTER TOPAZ MARINER AHTSV NCA80E for Topaz Marine Rolls-Royce Azimuths with CP ABS Class, RP, DP2 Installed Power - 6000 kwe 2 Vessel THOR MAGNI, THOR MODI, 4 Vessels THOR FRIGG, THOR FREYJA Seismic Support Vessels operated by PGS Caterpillar/Berg Shaftlines with CP DNV-GL Class, RP, DP, ICE-1A Installed Power - 4000 kwe MY White Rabbit Golf Trimaran yacht 83x20m Echo Yard Australia Rolls-Royce Shaftlines with CP DNV-GL Class Installed Power - 5000 kwe 1 Vessel MV Econuri 1 Vessel Incheon Port Authority Guide Ship Samsung Heavy Industries Finnøy Shaftlines with CP KR Class, RP Fully integrated LNG/diesel-electric propulsion system Installed Power - 1800 kwe MS SEIHAV WELL-BOAT for live salmon Lerøy Seafood Finnøy Shaftline with CP DNV-GL Class Installed Power - 4800 kwe 1 Vessel MV Sanco Spirit, MV Sanco Star Seismic Research Vessels operated by PGS Finnøy Shaftlines with CP DNV-GL Class, RP, DP2, ICE-C Installed Power - 6600 kwe 2 Vessels MV Ocean Fortune MV Ocean Mermaid SSV - at Cemre for Vestland Offshore Caterpillar/Berg Shaftlines with CP BV Class, RP, DP1 Installed Power - 4000 kwe 2 Vessels Meløyfjord, Voldnes, 4 Vessels Stokke Senior, Harto Purse Seiners Heimdal Shaftline with CP NMD Class Installed Power - 1920 kwe

10 TECHNOLOGY DIFFERENCES STADT LEAN DRIVE TECHNOLOGY COMPETITOR PWM DRIVE TECHNOLOGY STADT LEAN DRIVE Huge differences in: Transmission losses Economical lifetime MTBF, MTTR Redundancy EMI, THD Volume, weight Complexity PWM RELATED ISSUES: PWM Electric and acoustic noise Bearing currents Voltage stress in motors, cabeling AC versus DC systems - Capacitors Price, service cost, lifetime PWM

11 THE DIFFERENCE: See our animated film at www.stadt.no

12 EXAMPLE OF STADT SCOPE Battery (optional) + - ~ Battery System G1 ~ G2 ~ Diesel or LNG engines Generators MAIN SWITCHBOARD Low voltage or medium voltage G3 ~ ~ G4 MSB 50-60 Hz 50-60 Hz Battery System Battery (optional) + - ~ PMS STADT LEAN DRIVE BENEFITS: New level of reliability Electric losses reduced by up to 55 % Weight reduction of 80 % vs AFE Volume reduction of 85 % vs AFE THD and EMI eliminated 100 % Redundancy built in to all items Variable generator speed, optional Lifetime improved from 10 to > 30 years MTBF and MTTR improved several folds FUEL SAVINGS the best in class DC (optional) DC (optional) M1 ~ STADT AC motors M2 ~ Gearbox CPP prop. STADT - YOUR SYSTEM INTEGRATOR

13 THE STADT SCOPE To create the Lean Propulsion Design, we offer a full product range as listed below. The range is available for both low and medium voltage., ALL VOLTAGE LEVELS FROM 230 V T0 15 KV. SCALABLE IN POWER UP TO 50 MW PER PROPELLER. STADT AC MOTORS, A BROAD RANGE. STADT MAIN SWITCHBOARDS, LOW VOLTAGE AND MEDIUM VOLTAGE. SERVICES: Engineering of propulsion solutions Manufacturing Commissioning Global Services STADT TRANSFORMERS STADT DISTRIBUTION TRANSFORMERS. POWER MANAGEMENT SYSTEM, PMS. SOLUTIONS: LNG - electric Diesel - electric Hybrid - electric Battery - electric

14 STADT LEAN DRIVE PRODUCT RANGE THE MOST COMPLETE RANGE IN THE MARKET kw HP 230 V 400 V 690 V 1000 V 2300 V 3300 V 4160 V 6600 V 10 kv 11 kv 13 kv 15 kv 300 408 X X X 500 680 X X X X X X X X 1000 1360 X X X X X X X X X X X X 1500 2040 X X X X X X X X X X X X 2000 2720 X X X X X X X X X X X X 2500 3400 X X X X X X X X X X X 3000 4080 X X X X X X X X X X X 3500 4760 X X X X X X X X X X X 4000 5440 X X X X X X X X X X X 4500 6120 X X X X X X X X X X X 5000 6800 X X X X X X X X X X X 5500 7480 X X X X X X X X X X X 6000 8160 X X X X X X X X X X X 7000 9520 X X X X X X X X X X X 8000 10880 X X X X X X X X X X X 9000 12240 X X X X X X X X X X X 10000 13600 X X X X X X X X X X X 12000 16320 X X X X X X X X X X 14000 19040 X X X X X X X X X X 16000 21760 X X X X X X X X X X 18000 24480 X X X X X X X X X X 20000 27200 X X X X X X X X X X 25000 34000 X X X X X X X X 30000 40800 X X X X X X X X 35000 47600 X X X X X X X 40000 54400 X X X X X X 45000 61200 X X X X X 50000 68000 X X X X X

15 COMPLETE SILENCE - FROM STADT No electromagnetic interference, EMI, due to sine wave operation No acoustic switching noises No harmonic voltage distortion, THD, on the ship No transformers for the propulsion are needed No electric losses in the drives at normal operation ( BP ) High redundancy in all levels of the drive systems Major reduction of space and weight for the drives Minimal need for cooling of drives and its systems No need for screened power cables and cable segregation Rugged and very well proven technologies. MTBF and lifetime improved dramatically compared to competitors Simplified technology, 80 % reduction in number of components

LEAN BRINGS YOU + SAFETY & RELIABILITY + VERY LONG LIFETIME + STEALTH & HSE + MORE CARGO CAPACITY + LESS EMISSION AND FUEL + COST EFFICIENCY STADT AS Moljevegen 50 N-6083 Gjerdsvika Norway Tel.: +47 700 25 800 www.stadt.no