NaatBatt Annual Meeting, Palm Springs March 2016 Ramkumar Krishnan Chief Technology Officer
GLOBAL ELECTRICITY PRODUCTION AND RENEWABLE ELECTRICITY GENERATION >25,000 Terra Watt hours of energy produced annually! Renewable electricity a rapidly growing sector Source: The Carbon brief
Clean, Cost-effective, Sustainable Energy Storage technologies are necessary to support renewable growth! Global Market for different battery chemistries (by revenue) Global Battery Production in MWh Frost and Sullivan, 2009 > 400GWh of rechargeable battery produced in 2015 Primary Alkaline Zn based battery Global annual production exceed 10B units. All the batteries we make now could store less than 10 minutes of all the energy [in the world]. So, in fact, we need a big breakthrough here. Something that's going to be of a factor of 100 better than what we have now. Bill Gates
Zinc One of the lowest cost energy storage media with base metals abundantly available in secure locations Battery Technology Electrode Raw Material Cost ($/KWh) Global reserves of raw material (MT) Annual Mining production (MT) Top countries producing raw material Nickel MH 34 62 1.5 Philippines, Russia, Indonesia Lithium Ion 20 6-30 0.03 Chile, Argentina, Australia Lead Acid 6.5 89 5 China, Australia, USA, Peru Primary Zinc 3 220 13 China, Australia, Peru, USA Zinc-Air 1.2 220 13 China, Australia, Peru, USA Primary Zinc based alkaline batteries available commercially at $25-30/KWh. Zinc rechargeability has been a barrier until 2006!
FLUIDIC Metal-Air Technology - Quietly Establishing New Benchmarks in the Energy Storage Market + Lowest Cost. Proprietary Rechargeable Zn-Air Technology, ultimately below $100/KWh. Uses one of the lowest material cost known. Only air-breathing rechargeable battery commercially available - delivers lower cost with longer discharges. + Built-In Intelligence. Only vertically Integrated Energy Storage Company (software, power conversion electronics and battery chemistry) delivers world s only Intelligent Battery cells and unrivalled Customer Benefits. + Proven. Amongst the few Energy Storage Technology Companies to Successfully Reach Production scale in past 15+ years. > 1000 installations worldwide, >750,000 cumulative cycles Sample region of Fluidic real customer sites. Fluidic customer sites have accumulated over 750,000 cycles + Improving Operations. Improving Reliability. High-Calendar, High-Cycle life through a robust technology that holds significant advantages in high temperature, harsh duty cycle environments.
Fluidic Products Have Been Deployed and Proven In Volume Value Propositions Proven in Real World Applications and Harsh Environments + > 50,000 batteries delivered and installed 1000+ sites since 2011 Superior Uptime & Reliability (>99.97%) No Service Level Agreement (SLA) Penalties Eliminated all key Technology Risks + A List Customers Large Blue Chip Commercial Customers Selling product at positive gross margin, no subsidies Sophisticated, Reference-able Customer Base Consistent Re-ordering Patterns + Company is Scalable and Poised for Growth Scalable Manufacturing with high local content capability 1/20th cost of typical battery plant Growing International Presence with Global Reach Market Segments: Weak grid and Off-grid Telecom, Rural electrification, Microgrids, Distributed Energy Storage
Fluidic products can meet a variety of market segments Rural Electrification $4B - $12B Microgrid $2B Residential/ Commercial DESS $3B Telecom Weak- Grid $7B Telecom Off- Grid $4.8B Weak-Grid. Uninterrupted Power for Cell Towers in, developing regions(4-16 hrs req, 16KWh typ) Providing Power for Cell Towers in off-grid regions (12+ hr req, 30kWh typ) Microgrids globally (8-12 hr req). Various sizes up to MW+ Residential/Commercial Distributed Energy Storage Systems for Demand Management (8+ hr req, 36kWh typ) Hybrid Mini-Grids. Rural electrification for grid isolated communities of concentrated households. Fluidic Advantages Thrive In Longer Discharge Settings Other Technologies (e.g. Li-ion, Lead Acid) are better Suited for; + Daily, Short Duration, High Peak Power Applications such Utility Scale Frequency Regulation + Off-Grid Applications that Operate Daily and use expensive charging sources such as Diesel Gensets + High Peak Power Density (KW/L) Applications such as High Performance EV s and Consumer Electronics
Rural Electrification & Microgrids: Changing People s Lives Ideal for Long Discharge Time application + Typically requiring 16 to 48 hrs discharge energy storage + Trend towards longer discharges in future Proven in these Environments + Easily Localized to meet Market Demands + Outdoor operations (0-50 C) > with no cooling Loads Large Addressable Market + 1.3B worldwide population without electricity + >100,000 un-electrified villages worldwide Sustainable Microgrid Product + Renewables + diesel-less architecture + 10 year design life, extended performance + maintenance warranty + Typical site 5 300 kw (peak) with daily load 50 1350 kwh
Fluidic Energy Proven Intelligent Energy Storage Uniquely Positioned For Strong Growth + Proven Commercially Successful; 50,000+ Batteries installed, over 1000 sites globally + SMART Safe, Modular, Adaptable, Reliable and Transparent Energy Storage Solution + Broad IP Protection 90+ Patents, plus substantial trade secrets + Energy as a Service Model (EaaS) Enabled by Electronics & Software Intelligence built in + Experienced Leadership & Team Management and Board have a track record of success + Poised for Rapid Growth Operations in US, SE Asia, and Latin America with sales and distribution reach extended via Caterpillar. Global Sales, Distribution, Service & Brand * Global Manufacturing Growth Capacity Project Financing.