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The Battery Canon. Jay Ni Nandita Sriram Jonathan Tan Zhi Kuang Tan Andy Teo ENGR 145 Winter 2008. Harnessing Waste Energy: From Heat to Electricity . The Problem. It takes nearly 15 years to recoup the extra investment in hybrid cars! * Who would want to make this commitment?.
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The Battery Canon Jay Ni Nandita Sriram Jonathan Tan Zhi Kuang Tan Andy Teo ENGR 145 Winter 2008 Harnessing Waste Energy: From Heat to Electricity
The Problem It takes nearly 15 years to recoup the extra investment in hybrid cars! * Who would want to make this commitment? *Based on calculations comparing the Honda Civic to the Honda Civic Hybrid
Value Proposition • To make hybrid cars more cost effective by improving their fuel efficiency by up to 25% • How? • By recovering waste energy! • Over 60% of the energy used by a combustion engine is wasted as heat. • Technology: • Rough Thermoelectric Silicon Nanowires
Value Chain While we must target car manufacturers to implement the technology, our product ultimately benefits the consumer, who saves money on gas!
Market Analysis Source: Green Car Congress “We see the hybrid unit continuing to grow to over 1 million units by 2012 so long as gas prices grow.” -Michael Omotoso, senior manager of J.D. Power.
Money Savings! With the thermoelectric silicon nanowires, consumers enjoy a ~25% increase on their mileage and can expect to save an extra ~$150 per year!
Business Timeline • Complete working prototype • Pilot testing via General Motors and Ford 2013 2009 - 2010 Mar. 2008 Dec. 2008 2011 - 2012 • Found company • Secure VC seed financing ($3.5M) • R&D to reach target efficiency for commercialization. • Second round of financing for marketing and manufacturing. • Large-scale commercial launch
Competitors • Homogeneous Charge Compression Ignition • Alternative Bulk Thermoelectric Materials, e.g. Bi2Te3 ,(Hi-Z Technologies) • Quantum Well Thermoelectrics • Power Chips (www.powerchips.gi)
Our Partners • Federal and State Governments • Silicon Suppliers • Clean Tech Supporters (e.g. PG&E) • Car Manufacturers engaged in developing thermoelectric materials (e.g. GM) • Semiconductor Fabricating Companies
Conclusions • We feel like this is an excellent opportunity! • Huge growing market • Oil prices are rising. • Clean tech investing is at its prime. • Risks are manageable. • Builds value for an increasingly “green” society.
Notable Primary References • Peidong Yang: UC Berkeley, Dept. of Chemistry • Co-inventor, Professor • Clay Maranville: Ford Motor Company • Sr. Research Scientist, Dept. of Materials Science & Nanotechnology • David Wagner: Ford Motor Company • Technical Specialist • Ed Tate: General Motors Corporation • Hybrid Powertrain Engineering • Leonel Leal: Toyota Motor Engineering • Plastics, Engineering Specialist • Scott Kohn: Tesla Motors, Inc. • Engineer • N. Jason Mendez:Tesla Motors, Inc. • Development Engineer