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Hydrokinetic Energy for Municipalities & Public Works

Hydrokinetic Energy for Municipalities & Public Works. Joseph Sweet Connecticut Center for Entrepreneurship and Innovation University of Connecticut. Technology. Generate renewable energy from either low flow or high flow environments

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Hydrokinetic Energy for Municipalities & Public Works

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  1. Hydrokinetic Energy for Municipalities & Public Works Joseph Sweet Connecticut Center for Entrepreneurship and InnovationUniversity of Connecticut

  2. Technology • Generate renewable energy from either low flow or high flow environments • Low-impact: does not require damming, pressurizing or diversion • Can withstand harsh environments

  3. Key Benefits • Reliable, renewable energy at a low fixed cost • Reduced harm to the environment • Energy diversification

  4. Comparative Benefits to Other Renewables • Less NIMBY concerns – out of sight, low impact • Higher reliability – 80 to 95% uptime • Integrates with existing infrastructure • No harm to environment or wildlife

  5. Comparative Benefits to Other Renewables System requirements to generate 10kW 10kW provides annual energy needs for 8 – 10 US homes

  6. Unit Perspective 10kW provides annual energy needs for 8 – 10 US homes

  7. Utilizable Resources • Pre-existing dams • Waste water treatment plants • Man-made conduits and water diversion systems

  8. Statistical SummaryInterest Level

  9. Statistical SummaryConsiderations

  10. Statistical SummaryDeveloper Considerations

  11. Political Shift • Cap & Trade is considered dead • Renewable energy and green jobs is still a concern • Republicans tend to be more hydro friendly

  12. Political Shift • Hydropower Improvement Act • Increase capacity by up to 75,000 MW • FERC Streamlining • Increased financial incentives • Hydropower Renewable Energy Development Act • Production Tax Credits (PTC) • Clean Renewable Energy Bonds (CREBs) • Small Scale Hydropower Development Act • Outright full exemption if below 1.5 MW

  13. Project Financing • Upfront purchase is typically $50k/unit • $0.07 to $0.09 per kWh PPA • Leasing + Royalty ($0.02/kWh + upfront cost) • Government subsidies and grants (50% on average) (http://www.dsireusa.org/)

  14. Financial Benefits • Low fixed priced energy • Renewable Energy Credits • Potential revenue source

  15. Key Players • eGen of CT (www.egenhydro.com) • Rentricity of NY (www.rentricity.com) • Hydrovolts of WA (www.hydrovolts.com)

  16. Demo

  17. Thank You Questions & Answers

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