Presentation Transcript

1. REVOLUTIONIZING TURBOMACHINERY
2. TURBOMACHINERY Turbomachinery is everywhere
3. THE PROBLEM WITH TURBOMACHINERY High manufacturing cost Corrosion High Part Count Heavy Limited operating range Difficult to maintain, not modular
4. THE SOLUTION The Woven Wheel 20x Lighter 10x Cheaper Modular, integrated motor components and controls Composite construction eliminates corrosion US Patents No.: 7,938,627; 8,449,258; 8,506,254 with European equivalents
5. WOVEN WHEEL Making turbo-machinery wheels out of a singlewoven composite fiber strand 10x lighter, 20x cheaper to manufacture than metal blades US Patents No.: 7,938,627; 8,449,258; 8,506,254 with European equivalents
6. WOVEN WHEEL Has been validated in a number of large-market applications Refrigeration Compressors: TAM: 4.7 B/yr 5.4% CAGR Natural Gas Pipeline Booster Pump: TAM: $1.1 B/yr 6.3% CAGR Desalination Compressor Geothermal NCG Pumps: TAM: $421 M Tidal Turbine US Patents No.: 7,938,627; 8,449,258; 8,506,254 with European equivalents
7. TARGET MARKET: THE GEOTHERMAL PROBLEM $$ = 90% of Steam goes to Turbine Turbine 90% Power generation SteamPoweredPump Condenser + NCG Generator 10% Well Steam NCG pumped out of system NCG:Harmful Gas This 10% steam loss amounts to an average loss of$354,000per well per year Steam Well+ NCG 20 MW Turbine, selling at 10 ¢/kWh (average case)
8. TARGET MARKET: THE GEOTHERMAL SOLUTION $$$ = 100% of Steam goes to Turbine Turbine 100% Power generation Condenser + NCG Generator NCG pumped out of system Electrically driven pump NCG:Harmful Gas $ Increased revenue of on average $285,000 per year per well Steam Well+ NCG $ $ 20 MW Turbine, selling at 10 ¢/kWh (average case)
9. ENTRY MARKET – GEOTHERMAL NCG REMOVAL PUMPS All geothermal plants remove NCG, but they use 10% well steam to do so using a steam ejector system Solves the wasted steam problem in Geothermal PPs Replacing steam ejectors with a Woven Wheel compressor pump results in $285,000 added revenue per turbine per year for the operating company x11 Our pump currently in testing at COSO Geothermal Plant in California
10. TARGET MARKET SIZING TAM: Target Market Axial Turbomachinery (Applications listed) NCG removal pumps for geothermal operating companies in the US (retrofits) $7.4 B/year (US) 5.2% annual growth rate 129 total geothermal turbines (US), average $1M/pump $129M Globally – $421M 17 new Geothermal turbines are installed per year globally. 4% per year annual growth rate
11. BUSINESS MODEL Customer: Direct Sales Geothermal power plant operating companies (retrofits) Capital expenditure model $1M/pump Providing a 2.9 year return for the customer $359k COGS/pump Spare Parts Sales: $301,500 net profit over 15 years per pump 2 year parts warrantee included
12. TARGET MARKET COMPETITION 20 MW Turbine, selling at 10 ¢/kwh (average case)
13. CUSTOMER ACQUISITION &GO TO MARKET Continue COSO pump development Target “steam-limited” plants as early adopters- Target Calpine Direct communication with plant decision makers Direct mail marketing campaign Financing, Risk-reducing measures for early adopters On-site visits, trade show tabling 3 early adopter systems installed by Q2 2016 Expansion into new markets
14. MANAGEMENT TEAM Meet the team: Key Hires: Zack Hoyle, ME Master’s MSU, Entrepreneur Lead KarstenHarns, ME Master’s MSU, Sales Engineer Joe Hagerty, MSU, Financial Analyst Bryce Bernard, Marketing Manager Norbert Mueller, Inventor. PhD MSU, 20+ years experience in turbomachine design/manufacturing. 6 patents in turbomachinery 7 talented MSU PhD engineers-designed COSO pump Supply chain manager Industry professional for CEO
15. PARTNERS Industry Partners Parts/Materials Suppliers Mentoring Help
16. THANK YOU.